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Candidate Reaction: September Jobs Report

Sens. Barack Obama and John McCain, reacting rapidly to continued negative economic news, released statements on the September jobs report this morning.

Obama: 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 Senator 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 Senator 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 one million jobs, and save our local communities from harmful budget cuts and painful tax increases.

McCain: 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 Senator 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 Senator Obama's higher taxes.

By Web Politics Editor  |  October 3, 2008; 9:38 AM ET
Categories:  Barack Obama , Economy , John McCain , Primary Source  
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Democrats for John McCain and Sarah Palin in 2008

Posted by: hclark1 | October 3, 2008 11:40 AM | Report abuse

I listened to Congressman Bachus last night speaking on the bail out. He was so enmeshed in the politics of the situation that it was apparent that did not comprehend the importance of speed in handling this crisis. The gravity of the financial strain on the economy escaped him

Posted by: Gator-ron | October 3, 2008 10:58 AM | Report abuse

No matter what the Congress does, this is just the tip of the iceberg in terms of unemployment. But if the House GOP kills this latest bailout bill, go hide in the closet under a pile of blankets.

Posted by: nahnopenotquite | October 3, 2008 10:02 AM | Report abuse

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