Senator Boxer said, “In the face of the worst economic crisis since the Great Depression, the Congress has acted today to save or create jobs in California and across the nation. With so many Californians anxious about the economy, this legislation offers help and hope. This bill will put Californians to work now building the highways, bridges, transit and rail systems, and renewable energy sources of the 21st century.”
The White House predicts that the legislation will save or create approximately 400,000 jobs in California.
California’s deeply troubled labor market took another hit in August as employers laid off more workers than expected, renewing fears that the state’s economic recovery has stalled.
Employers cut 33,500 jobs, marking the third straight month of losses and pushing the state’s unemployment rate to 12.4%, up from 12.3% in July, according to data released Friday by the Employment Development Department. California has lost 113,100 jobs since August 2009.
Third straight month of losses, all in the summer. So, ma’am, is this what they call a “summer of recovery“?
In the course of the Democratic summer of recovery, the Golden State lost more than one-quarter of the amount of jobs Mrs. Boxer assured us the near-trillion dollar “stimulus” would create.
“Despite Barbara Boxer’s promises and lofty rhetoric about fighting for California,” Carly Fiorina said, “the people of this state have suffered a knockout punch under her watch.” Knockout punch pretty much sums up what Boxer’s policies have done to the economy.
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