Diaz-Balart on the latest Unemployment Numbers released by the Department of Labor

Washington, D.C. –Today Congressman Mario Diaz-Balart (R-FL)issued the following statement on latest unemployment numbers announced by the Department of Labor. Diaz-Balart comments:

“The past few days have brought us daunting news: a sluggish 1.3% of economic growth during the second quarter, our debt topping 100% of GDP, the Dow dropping 10% from its May highs, and if that isn't enough to make us realize we need a drastic change of course, look at today’s dismal unemployment numbers. A little over a year ago, Secretary Geithner released an Op-Ed titled, 'Welcome to the Recovery,' making bold statements on 'how businesses have repaired their balance sheets and are now in a strong financial position to reinvest and grow.' The administration must be living in a different world; today we see quite the contrary, due to President Obama’s insistence on higher taxes and increased regulations, businesses are reluctant to reinvest, grow, and hire.

“Today, a year later, the Op-ed served its purpose: further proving how clueless the Obama administration is to the fact that their policies restrict economic growth. We must remove the threat of higher taxes that will give job creators the confidence to grow and hire; have the President send the three pending free trade agreements to Congress that will create thousands of American jobs; develop our energy resources and do away with burdensome regulations.”