McCain, Obama release statements on largest monthly US job loss report in 5 years

Statements by Republican John McCain and Democrat Barack Obama on Friday’s jobs report from the Labor Department. In a sign that the economy is hurtling toward a deep recession, employers slashed payrolls by 159,000 in September, the most in more than five years.


McCain’s Statement:

Today’s report of another 159,000 lost jobs confirms what America’s working men and women have understood for months: Our nation’s economy is on the wrong track. It is imperative that Congress act to address the financial crisis while protecting taxpayers and being good stewards of their dollars. But we must do more.

America’s middle class needs help from a government that is truly standing on their side and not in their way. I am committed to getting to the roots of this crisis — reforming Washington and cleaning up the mess created by the greed and crony capitalism of government-backed mortgage giants — Fannie Mae and Freddie Mac. I will reverse out-of-control spending, end the wasteful and corrupting practice of earmarks, and get the government budget back to balance. I will reform health care to control costs and better serve American families, open markets around the globe for our products, cut taxes, and expand domestic production of energy to eliminate the ability of international oil markets to hold our economy hostage. I will create jobs and get the economy on the right track.

Unlike Sen. Obama, I do not believe we will create one single American job by increasing taxes, going on a massive spending binge, and closing off markets. Our nation cannot afford Sen. Obama’s higher taxes. — John McCain


Obama’s Statement:

Today, Americans woke up to the sad news that 159,000 jobs were lost last month alone, making September the ninth straight month of job loss. With three-quarters of a million jobs lost this year, and millions of families struggling to pay the bills and stay in their homes, this country can’t afford Sen. McCain’s plan to give America four more years of the same policies that have devastated our middle-class and our economy for the last eight.

Instead of Sen. McCain’s plan to give tax breaks to CEOs and companies that ship jobs overseas, I will rebuild the middle-class and create millions of new jobs by investing in infrastructure and renewable energy that will reduce our dependence on oil from the Middle East. I also call on Congress to pass an immediate rescue plan for our middle-class that will provide tax relief, save 1 million jobs, and save our local communities from harmful budget cuts and painful tax increases. — Barack Obama.


3 Responses

  1. there are still millions of jobs posted on employment sites… (networking) (aggregated listings) (matches you to jobs)

    Good luck to those looking for work.

  2. thanks for posting this…

    there’s one thing that really really pisses me off this election… our country has some real serious thinking to do. We have some really challenges to face. If we overcome them, we will be stronger. If not, we’re headed for a Japanese style 30+ year recession.

    What really grinds my gears is that they’re opting for pandering instead of some grown up talk about the shift in paradigms that our economy has to make. I can’t believe it, but I’m thinking of voting for Nader or the Libertarian ticket. At least they’re talking about the substantial structural issues that our economy faces. We’ll see though. I’m in NYC. It’s not like my vote for prez matters anyways (which, honestly, also really pisses me off, lol).

    Thanks for the post.

    One Love,
    –Reverend Manny and the Twilight Empire

  3. “We have some really challenges to face” is supposed to be “We have some really GROWN UP challenges to face”

    my bad

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