FOR IMMEDIATE RELEASE
June 1, 2012
JON GOLNIK COMMENTS ON TODAY’S REPORT OF INCREASED UNEMPLOYMENT RATE
National Unemployment rate nudges up to 8.2% and where does Representative Tsongas stand?
Westford, Ma—The US Bureau of Labor Statistics today released national May unemployment numbers showing an increase in overall unemployment from 8.1% to 8.2%. More worrisome was the number of jobs created--a mere 69,000 or less than half of the 158,000 estimate. Read CNBC article with full details HERE. As the article indicates, while the rate is 8.2% for direct unemployment numbers, those that are under-employed or “discouraged” workers, rose from 14.5% to 14.8%. 3rd District Congressional Candidate Jon Golnik released the following statement on the newly released rates:
"What we see with these latest job creation numbers is that the economy has stalled. Not only do we see an uptick in the unemployment rate, we see that actual job creation was much lower than estimated with fewer than half the jobs actually created than estimated.
“The problem is clear--the policies of this Administration and the Democratic Party that controls Washington are creating a climate of uncertainty. Continued talk of increased regulations and higher taxes makes businesses nervous as they have no visibility on future costs. Therefore they are not willing to invest in growth and hire. For those who doubt this, I ask them to look no further than the billions of dollars that is sitting on businesses' balance sheets.
“The same old rhetoric of borrowing, spending and taxing our way out of this economic recession is clearly not working. Yet Niki Tsongas and her colleagues continue to call for more of the same. In November, she called for a ‘21st century New Deal’ that was yet another taxpayer funded spending bill to create jobs. She failed to say how many jobs this plan would create or how much it would cost the taxpayers.
“As recently as two weeks ago in Chelmsford, Representative Tsongas declared ‘things are getting better.’ Ask the mother and father in Lowell where unemployment is at 8.8% or in Lawrence at 14.5% or Haverhill, Methuen at 9% and Fitchburg and Gardner 11% -- if things are getting better. The answer is ‘no’, and yet Rep Tsongas is content to continue to access taxpayer money for every government expanding jobs plan that hasn’t worked. She truly believes that the people of this district, state and country are the federal government’s ATM to access whenever more money is needed for a government-expanding program.
“Let's try real solutions, not taxpayer funded stunts. Let's lower the corporate tax rate from 35% to 25%. Let's reduced duplicative regulations that are unnecessary and costing businesses money they can't afford to spend. Let's have a one year moratorium on the implementation of new regulation to give businesses time to recover. And finally, let's eliminate new and proposed taxes such as the 2.3% excise tax on medical products.
“We need to give businesses a reason to want to do business here and feel comfortable adding to their payrolls. That's how we will get our citizens back to work."---Jon Golnik, 3rd District Congressional Candidate.
For more information on Jon Golnik, check out his website at www.jongolnik.com.