Stratford, CT - Today Christopher Shays, Republican candidate for United States Senate, released this statement in response to President Obama's remarks on the economy this morning. President Obama said that hiring among private companies is "fine" and moving at "a solid pace."
"With all due respect, Mr. President, the private sector is not fine," said Christopher Shays.
"It's not fine to be 15.2 million jobs short of full employment. It's not fine when incomes are stagnant. It's not fine when the dollar is constantly losing value. It's not fine when gasoline is averaging $4/gallon. Trillion dollar deficits are not fine, 15.7 trillion dollar debt is not fine, and 1.6% economic growth is unacceptable and not normal," said Shays.
Obama blamed the slowest recovery from any recession since World War II on the House of Representatives, which refused to pass his reckless jobs plan.
Citing last month's dismal jobs report, Shays said,
"It's time for the President to take responsiblity for his failed economic policies. Last week's discouraging jobs report is proof this country needs a sound economic plan. Although total employment rose, weekly earnings fell, meaning the few jobs created are low-paying jobs.
The numbers reflect the fact that the Obama Administration's misguided policies are discouraging capital investment, which is what creates both employment growth and income growth.
We can do better. My plan to restore the promise of America is about encouraging capital investment, and would turn this economy around. It would create full employment, better jobs, rising incomes, and 4% sustained economic growth."
To read my plan to restore the promise of America, click here.