New Job Loss Numbers Show Failure of Bush-Smith Economic Agenda

Jeff Merkley Has Plans to Create Millions of Jobs, Cut Taxes

The American economy continues to lose jobs under the leadership of George Bush and Gordon Smith. The same failed policies that have caused a financial crisis on Wall Street have cost 159,000 Americans their jobs over the last month alone. This is steepest job loss in the last five and half years.

"The failed economic policies of the last eight years are hurting families," said Jeff Merkley. "Workers are losing their jobs, families are losing their income, and the cost of everything from food to fuel is rising. Even before this latest financial crisis, it was clear that the policies of the last eight years have failed the American people. Gordon Smith's response is to hand a blank check to Wall Street and continue the disastrous policies of George Bush. The next President and new Congress must end the failed economic policies of Gordon Smith and George Bush."

According to statistics released today by the Department of Labor, America lost jobs for the ninth straight month. This year nearly three-quarters of a million jobs have been lost, including 159,000 in September.

Jeff Merkley has released an economic plan to create millions of new good-paying jobs, end tax breaks for corporations that ship jobs overseas, and cut taxes for middle class families. More about his economic plans can be found here.

Posted October 3, 2008
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