Congressman Gibbs Statement on July's Unemployment Report
WASHINGTON, D.C. – Congressman Bob Gibbs (R-OH) released the following statement regarding the latest July 2012 unemployment report:
“The Bureau of Labor Statistics has reported that the unemployment rate has risen once again, reaching 8.3 percent during the month of July. The unemployment rate in this country has hovered above eight percent for 42 straight months now, and that is unacceptable. President Obama’s misguided policies have continued to lead us further into the worst unemployment crisis since the Great Depression, and the American people have endured this long enough.
“Instead of facing the reality that millions of Americans are out of a job and our economy is suffering, Democrats are pushing a destructive agenda that includes a massive tax hike at the end of this year that would result in an increase in taxes on small businesses of $232 billion in 2013. Obama’s tax hike would cost the economy 710,000 jobs. Americans are desperate for new direction.
“I voted last week for the Red Tape Reduction and Small Business Job Creation Act, which would decrease the Obama Administration’s ability to place harmful regulations on America’s small businesses. By combating the red tape that restrains our economy, House Republicans are working hard to get America back to work.
“The Obama Administration’s job-killing policies have plagued this country for far too long, and July’s unemployment report is a direct result of his failed principles. Republicans need to take the reins this November and ensure that these harmful regulations come to an end.”