Wilson Slams Another Round of Pelosi’s Economic Pessimism

FOR IMMEDIATE RELEASE

CONTACT: Emily Lawrimore
202-225-2452 (W)
202-468-3258 (C)

July 7, 2006

Wilson Slams Another Round of Pelosi’s Economic Pessimism

After the U.S. Department of Labor reported that 121,000 American jobs were created in June, Congressman Joe Wilson (SC-02) made the following statement regarding House Minority Leader Nancy Pelosi’s (CA-08) pessimistic statement about American job growth:

“After 75,000 American jobs were created in May, Minority Leader Nancy Pelosi proclaimed this job growth was proof that our economy was moving in the wrong direction. After learning that an additional 121,000 American jobs were created last month, she said today ’President Bush just doesn’t get it’ and promised that House Democrats have a new direction for America.

“While her opinion of economic growth is absurd, at least her message about the Democratic agenda is brutally honest. If Democrats were in the majority, America would be taken in a new direction that our country simply cannot afford. Instead of benefiting from new job opportunities, American families would pay higher taxes. Instead of watching their paychecks increase, American families would witness their hard-earned money fuel Democrats’ massive spending sprees.

“As Democrats continue to plot their direction, House Republicans will remain committed to reducing taxes to ensure that the American economy continues to surge ahead at a record pace.”

The American Economy Remains Strong:

• Since 2004, The U.S. Has Created About Twice The Number Of Jobs As The Rest Of The G-7 Countries Combined.
• Employment Increased In 48 States Over The Past 12 Months Ending In May.
• Nonfarm payroll employment increased in 33 states in May.
• Real GDP Grew At An Annual Rate Of 5.6 Percent For The First Quarter Of This Year.
• Productivity Increased At A Strong Annual Rate Of 3.7 Percent In The First Quarter. Productivity growth during the past five years has been at the fastest rate in nearly four decades.
• Real Hourly Compensation Rose At A 3.2 Percent Annual Rate In The First Quarter.
• Real Consumer Spending Increased At An Annual Rate Of 5.1 Percent In The First Quarter.
• Industrial Production Increased 4.3 Percent Over The Past 12 Months.

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