Pelosi: In Bush Economy, Working Families Are Being Squeezed

Pelosi: In Bush Economy, Working Families Are Being Squeezed

House Democratic Leader Nancy Pelosi released the following statement today on news that manufacturing activity dropped to the lowest level in three years, construction spending has declined or been flat for the fifth month in a row, and that outsourcing could impact up to 1.5 million jobs over the next decade.

"Today's news reports, confirming that the Bush economy is slowing and that more jobs could be shipped offshore over the next decade, are more bad news for middle-income American families.

"Millions of Americans are working hard and are unable to get ahead. For the first time in generations, parents worry that their children will not be better off than they are. Working families are being squeezed as their earnings do not meet their needs.

"Democrats are offering a New Direction for America. Democrats are fighting for middle-income tax cuts - education, health care and retirement - and fiscal discipline to ensure strong economic growth. Democrats will repeal taxpayer subsidies that promote shipping jobs overseas and we will raise the minimum wage. Democrats will ensure that economic growth benefits all Americans, not just the privileged few."

http://democraticleader.house.gov/press/releases.cfm?pressReleaseID=1913