[big campaign] 62,000 More Jobs Lost in June; Economy still \"very strong\" Sen. McCain?

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www.americansunitedforchange.org <http://www.americansunitedforchange.org/> FOR IMMEDIATE RELEASE CONTACT: Jeremy Funk, 202.470.5878 DATE: July 3rd, 2008 AP: 62,000 More Jobs Lost in June; Sixth Straight Month of Negative Job Growth With Bush Economy Slipping Further Towards Recession, Will Sen. McCain Once Again Insist "the fundamentals of the economy are very strong. Very strong?" <http://www.youtube.com/watch?v=ldVH22XxUk4> Will the 8th Richest Senator With 9 Homes Resist the Urge to Flack Latest U.S. Job Losses as Cause for More Bush Tax Cuts for Millionaires Like Himself? Washington D.C. - Americans United for Change, the non-profit progressive issue-advocacy group which recently launched its national Bush Legacy Bus Tour <http://www.bushlegacytour.com/> , issued the following in response to the latest U.S. Labor Department jobless report <http://biz.yahoo.com/ap/080703/economy.html?.v=20> finding employers cut payrolls by 62,000 in June -- the sixth straight month of nationwide job losses. The latest disappointing economic news comes a day after Senator McCain disingenuously denied <http://thinkprogress.org/2008/07/02/mccain-dodge-economics/> ever saying he is no expert on economics and nearly a month after the Senator proclaimed: "I have a great belief that the fundamentals of the economy are very strong. Very strong." <http://www.youtube.com/watch?v=ldVH22XxUk4> "With 62,000 more Americans out of a job and now a half a year past without a single net job created, will Senator McCain once again pronounce the fundamentals of the Bush economy "very strong" as he did a month ago," said Jeremy Funk, of Americans United for Change. "Will the 8th richest United States Senator with 9 properties <http://www.youtube.com/watch?v=_7PfSEtiXPw> worth more than 13 million dollars be able to resist the urge to point to the latest disappointing economic news as ripe cause for more Bush tax cuts for millionaires that never manage to 'trickle-down' to everyone else? When Senator McCain heads out next week on his five-day "Jobs First" economic tour, will he again assure the tens of thousands of struggling Americans who have recently lost their jobs, their homes and their dignity under the Bush economy that what they're going through is just "psychological" <http://youtube.com/watch?v=6aHJT1Ol0iE> ?" "Senator McCain yesterday desperately and disingenuously denied ever saying he doesn't know much about the economy. But when the Senator's only prescription for worsening economy is more of the same old failed Bush economic policies - why bother denying the obvious?," added Funk. Notable Quotables: McCain Out of Touch with American Families, Believes Economy is Still Strong http://www.mccainsource.com/ McCain Said He Doesn't Understand the Economy. McCain admitted to reporters "[T]he issue of economics is not something I've understood as well as I should." [Boston Globe, 12/18/07] 2000: McCain Said he "Didn't Pay Attention" to Economic Issues. In 2000, Jonathan Chait of The New Republic conducted an interview with John McCain in which McCain admitted not paying attention to economic issues. When asked about his sudden shift in economic policy, McCain said, "In the interest of full disclosure. I didn't pay nearly the attention to those issues in the past. I was probably a 'supplysider' based on the fact that I really didn't jump into the issue." [New Republic, 1/31/08] McCain Said U.S. Is Not Heading into a Recession. "I am not convinced that we are necessarily going into a recession. . . . And our economy, I think our fundamentals are strong and America's greatest days are ahead of us economically and every other way," said John McCain. [Rally, Hilton Head Island, SC 1/18/08] McCain Said: "I have a great belief that the fundamentals of the economy are very strong. Very strong." [McCain Campaign Speech, 6/5/08 <http://www.youtube.com/watch?v=ldVH22XxUk4> ] McCain: "I Still Believe Our Fundamental Underpinnings Of Our Economy Are Strong..." In a report on CNN, McCain said, "I still believe our fundamental underpinnings of our economy are strong, but it's obvious that we are facing challenges, which will require actions such as the Federal Reserve took today." [CNN, 1/22/08] McCain said Economy is Still Strong. "By the way, I don't believe we're headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong," McCain said at the January 10 Republican debate on Fox. [Fox Republican Debate, 1/10/08 <http://www.youtube.com/watch?v=GN-8lonrSJw> ] McCain Said Economic Problems Were "Psychological." During a town hall McCain said, "Now, as far as putting additional money in American taxpayers' pocket, that's fine, because a lot of this is psychological. A lot of it's psychological. Because I believe the fundamentals of our economy is still strong." [McCain Town Hall, 1/24/08, West Palm Beach, Florida] McCain: "I Don't Have That Kind Of Expertise To Know Exactly Whether The Fed Has Cut Interest Rates Sufficiently Or Not." While discussing the economy at a Republican presidential debate in Dearborn, Michigan, McCain was asked, "Has Ben Bernanke cut rates aggressively enough?" McCain said, "I'm not -- don't have that kind of expertise to know exactly whether he has cut interest rates sufficiently or not, and that's why we've put that responsibility in the hands of the head of the Federal Reserve." He added, "I wish interest rates were zero. But we leave those responsibilities to the smartest people we can find, and I think that so far, he's done a good job." [MSNBC, Republican Debate in Dearborn, Michigan, 10/9/07] McCain Promises to Continue Same Failed Bush 'Trickle-Down' Policies: "I'll Make the Bush Tax Cuts Permanent." While appearing on Meet the Press, McCain said, "I'll make the Bush tax cuts permanent... I've said 500 times that I want the tax cuts to be made permanent.." [NBC, "Meet the Press," 1/27/08; emphasis added] -30- ---------------------------------------------------------------- Jeremy J. Funk Communications Director, Americans United for Change Office: 202.470.5878 Mobile: 605.366.3654 [email protected] <mailto:[email protected]> www.americansunitedforchange.org --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the "big campaign" group. To post to this group, send to [email protected] To unsubscribe, send email to [email protected] E-mail [email protected] with questions or concerns This is a list of individuals. It is not affiliated with any group or organization. -~----------~----~----~----~------~----~------~--~---