Friday, June 01, 2012

Portman on May Jobs Report

TEL AVIV, ISRAEL – U.S. Senator Rob Portman (R-Ohio) today released the following statement on the nation’s May unemployment report, which showed that the economy gained 69,000 jobs in May, nearly 100,000 less than projected, while the unemployment rate ticked up to 8.2 percent:

"This is disappointing news for families in Ohio and around the country as they try to make ends meet in the weakest economic recovery since the Great Depression. We are on the wrong track. Coupled with the recent downward economic growth revision, it should now be clear President Obama's stimulus hasn't worked, nor has class warfare, anti-business rhetoric or his big government approach.

"There's a better way; good ideas that can help turn things around, including pro-growth tax reform, regulatory relief and a new national energy plan that Congress and the Administration should enact on a bipartisan basis.

"With the tax code more complicated than it’s been in decades, regulatory and tax uncertainty freezing entrepreneurs, and spending out of control, Washington needs to act to free up the private sector to create the jobs the American economy is capable of and Ohio families deserve."