Cantor Statement on Unemployment Report
April 2, 2010
Contact: Doug Heye, Megan Whittemore
202-225-4000

WASHINGTON, D.C. – House Republican Whip Eric Cantor (R-VA) today issued the following statement after the Bureau of Labor Statistics issued its unemployment report:

“Any report showing that the economy added jobs is clearly a better alternative to one showing that it lost more jobs. Yet we must set our sights higher, our goals larger, and our actions bolder. Americans deserve far more than the up and down, roller coaster like unemployment reports of the past few months. We must work to move beyond this uncertainty by creating a sustained period of real job creation, and that can only start once Washington stops actively impeding economic growth.

“Excessive spending in Washington has created a huge debt burden that threatens the future of our nation, our workers, and our families. Even if the economy added 250,000 jobs every month, it would take nearly five years to get back to full employment. Well, struggling families can’t wait five years and that is why Washington must change course now.

“We already know that the trillion dollar plus health care overhaul championed by President Obama and Speaker Pelosi not only cripples the ability for businesses small and large to hire new workers, but actually forces them to cut jobs. It is troubling that in the last few days, businesses that have notified their investors of the costly ramifications of the Democrats’ health care overhaul are being summoned to testify in Washington by Chairman Waxman – despite the fact that their actions are appropriate, responsible, and required by Generally Accepted Accounting Principles. Instead of taking victory laps for spending inordinate sums of money that we simply cannot afford, our leaders need to start acting responsibly, talking realistically, and owning the ramifications of their actions.

“In the next few weeks, a new crop of energetic and talented young college graduates will begin looking for their first job. The question is whether Washington will look to empower our young workers by acting responsibly to pay down our debt and expand opportunity, or will instead continue down the current path and hand them such a massive debt that their ability to succeed will be lost."