Weekly Update from Sam

Statement

Dear Friends,

This morning, the U.S. Department of Labor announced that unemployment in June rose to 9.2 percent with just 18,000 jobs created, well below the 90,000 to 125,000 economists had been expecting. June marks the 29th consecutive month that unemployment has been at or above 8 percent-- the level the President said unemployment would never reach if the stimulus passed.

Today's disappointing report serves as more evidence that we cannot tax, spend and regulate our way back to a prosperous economy. A long-lasting recovery will never be achieved through government bailouts and massive spending programs.

My House Republican colleagues and I have passed nine separate bills that would help create millions of jobs and spark economic growth. However, to date, the Democrat-controlled Senate has not considered any of these bills--or offered any plan of their own.

As Washington considers a deal to raise our debt ceiling, we must remain focused on removing barriers for job creation by restoring fiscal discipline and putting our economy on a sustainable path by cutting spending, lowering taxes and removing burdensome regulations.

Sam Graves
Chairman

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