14 million still unemployed; no victory for the nation

Nov. 4, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to the slight drop in the unemployment rate:

“The small drop in the unemployment rate is a testimony to the vibrancy of the free market capitalist economy that Obama and his political allies who embrace the Occupy Wall Street movement seek to kill. At least for the last couple of months, our nation’s job creators have overcome the never-ending regulatory attacks by this Administration.

“Let’s not forget that in spite of all the happy talk, 13.9 million Americans who want a job still cannot find one and even the Bureau of Labor Statistics states, “both the number of unemployed persons (13.9 million) and the unemployment rate (9.0 percent) changed little over the last month. The unemployment rate has remained in a narrow range from 9.0 to 9.2 percent since April.

“On top of this admission that this Administration’s economic policies have led to a stagnation consigning almost 14 million of our fellow citizens to life without a job, it would be short-sighted to ignore this week’s Federal Reserve downgrade of our nation’s 2012 economic and job growth prospects. When combined with the rising unemployment rate in Europe and predictions that they are heading back into recession, it is very difficult for this Administration to take a victory lap over these moribund results.

“In fact, one of the ironies of this jobs report is that it affirms that the private sector can and will create jobs in a month that saw two more companies join Solyndra in failing spectacularly after receiving millions of U.S. taxpayer dollars. These failures highlight the foolishness of this administration continuing to try to choose economic winners and losers based upon ideology and political favoritism. If Obama would suspend all of his new regulations to be reviewed by the next Administration, the economy would take off putting people back to work.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.