DNC - Jobs First? If You Like George Bush's Economy, Hire John McCain

Washington, DC-- When John McCain rolls out his "Jobs First" economic tour in Denver today, he'll have a lot of explaining to do to the American people. Senator McCain, according to the Wall Street Journal, "isn't expected to say anything new" and will only "repackage proposals he has already outlined," the equivalent of putting lipstick on a pig. With his support of George Bush's disastrous economic policies that have hurt America, voters will see Senator McCain offers nothing more than four more years of lost jobs, pain at the pump and a squeeze for the Middle Class. [Wall Street Journal, 7/5/08] John McCain's plan only offers more tax breaks to the affluent and corporations in the hope that some of them will trickle down to middle-class families. He has no stimulus plan and offers barely any direct tax cuts for middle-class families, 101 million left out and those with two children getting only $125 in the first year of his plan. As the DNC shows in its new video, John McCain's claim that he'll put American "Jobs First" rings hollow: http://www.youtube.com/watch?v=43HkmMGvL7w.

McCain will even try to warm over his already rejected claim that he can balance the budget in his first term despite his promise to make the Bush tax cuts he once opposed permanent--a claim one non-partisan fact checker called a "fantasy" earlier this year.

Jobs first? What Senator McCain has put first are unfair trade deals written by lobbyists that have led to the loss of thousands of American jobs. But instead of helping these workers get back on their feet, McCain, like Bush, has put tax breaks for corporations first and voted against programs to help the Middle Class and American workers displaced by trade agreements.

Jobs first? With Americans hurting more and more everyday and Colorado's unemployment rate having doubled under President Bush, John McCain's promise of a third Bush term on jobs and the economy is the last--not the first--thing our country needs.

Unemployment in Colorado Up 131%.
Unemployment has doubled in Colorado since President Bush took office. It was 2.5% in January of 2001, and preliminary figures for May are 4.9%. The number of unemployed workers has gone up from 58,211 to 134,582, a projected increase of 76,371 workers. [Local Area Unemployment Statistics, (Seasonally Adjusted), Bureau of Labor Statistics, bls.gov accessed 7/6/08]

McCain Predicted 316,000 New Jobs in 1993. Similarly, the NAFTA could result in the creation of 316,000 new jobs in this country, as well as tens of thousands of jobs in my home State of Arizona, in addition to adding considerably to overall economic output in Arizona, the United States and Mexico. President Clinton says that we must have safeguards to protect our workers and the environment. I agree that it is important that we negotiate these side agreements, but they should not forestall moving forward on the underlying agreement. [Congressional Record, 2/18/1993]

NAFTA Net Displacement Was One Million Workers. A 2006 Economic Policy Institute study found that NAFTA had displaced just over 1 million jobs in this country, and net job loss of 16,000 in Arizona. [Scott, Salas & Campbell, Revisiting NAFTA, 9/28/2006; http://www.epi.org/content.cfm/bp173]

2004: McCain Voted Against An Amendment To Provide Assistance, Including Training, To Service And High-Tech Workers Whose Jobs Move Overseas. McCain voted against an amendment that provides that existing Trade Adjustment Assistance (TAA) benefits be made available to service and high-tech workers; clarifies that TAA benefits are available to workers whose company moves overseas to any other country; increases training funds to match anticipated enrollment; increases health care subsidy available to TAA beneficiaries from 65 percent to 75 percent; and provides economic adjustment plan assistance to communities that have significant trade-related layoffs. [2004 Senate Vote #80, 5/4/2004]

2002: McCain Voted Against Community College Training Programs For Trade Displaced Workers. McCain voted against an amendment that would outline additional trade negotiating objectives regarding textiles and establish an emergency assistance grant program for community colleges that provide training programs for displaced or endangered workers, and to allow community colleges to expand and create new retraining programs customized to immediate needs of communities. [2002 Senate Vote #111, 5/15/2002]

1995: McCain Voted Against Job-Retraining For Workers Displaced By International Trade Agreements. McCain voted against an amendment to maintain the worker retraining assistance part of the Trade Adjustment Assistance program, which provides job retraining for workers laid off as a direct result of an international trade program such as NAFTA. [1995 Senate Vote #482, 10/10/1995]


Today, McCain will recycle his widely discredited claim that he can balance the budget in his first term despite promising to make the Bush tax cuts he once opposed permanent. In reality, McCain is promising four more years of President Bush's failed borrow and spend policies.

FactCheck.org: McCain's Spending Plans Don't Add Up. According to the non-partisan FactCheck.org, "McCain's big promise is that he can balance the budget while extending Bush's tax cuts and adding a few of his own. He likes to leave the impression that this can be done painlessly, for example, by eliminating 'wasteful' spending in the form of 'earmarks' that lawmakers like to tuck into spending bills to finance home-state projects. We found that not only is this theory full of holes, it's not even McCain's actual plan." [FactCheck.org, 5/13/08: http://www.factcheck.org/elections-2008/the_budget_according_to_mccain_part_i.html]

Washington Post Fact Checker: 4 Pinocchios for McCain's "Fantasy" Plan to Balance Budgets by Cutting Earmarks. "McCain's talk about eliminating $100 billion a year in earmarks is largely fantasy. His advisers are now promoting a more realistic plan of eliminating $100 billion in overall spending. But it is difficult to take even that promise very seriously given the fact that the senator refuses to identify exactly which projects he will be cut. To use a phrase coined by George H.W. Bush, this is 'voodoo economics,' based more on wishful thinking than on hard data or carefully considered policy proposals." [Washington Post Fact Checker Blog, 5/23/08: http://blog.washingtonpost.com/fact-checker/2008/05/mccains_fantasy_war_on_earmark.html ]

Cost of "Four More Years" Placed At $6.3 TRILLION. A CBO "January Budget and Economic Outlook" showed continued deterioration in the budget outlook with the projected 2008 deficit growing to $219 billion. But as bad as the budget situation has become under the current Republican Administration, continuation of the Republican policies by any of the Republicans on stage tonight will only make things worse. The majority staff of the Senate Budget Committee estimates that funding Republican priorities like making the Bush tax cuts permanent and funding ongoing - and perhaps permanent - operations in Iraq will add $6.3 trillion to the CBO's already dismal ten-year predictions. http://budget.senate.gov/democratic/documents/2008/cbojanupdatefactsheet2008.pdf


If his warmed over, "Bush on Steroids" economic policies weren't bad enough, John McCain is wrong for America's energy future. While American families have suffered at the pump, John McCain has put big oil first at the expense of alternative energy programs. Now, instead of proposing smart solutions that will help reduce our dependence on oil and meet our energy needs, Senator McCain is offering nothing but Washington gimmicks and an offshore drilling plan that even McCain himself has admitted won't lower the price of gas any time soon.

McCain Says His Energy Plan Would Only Have A "Psychological Impact" On Americans. "In the short term I'd like to give you a little relief for the summer on the gas tax,' McCain began, referring to his controversial proposal to temporarily suspend the federal tax on gasoline. But then he made a surprisingly candid admission: 'I don't see an immediate relief, but I do see that exploitation of existing reserves that may exist -- and in view of many experts that do exist off our coasts -- is also a way that we need to provide relief. Even though it may take some years, the fact that we are exploiting those reserves would have psychological impact that I think is beneficial.'" [MSNBC, 6/24/08]

McCain Opposed $290 Million For R&D On Renewable Energy, Including Wind Power. McCain voted against an amendment to extend the renewable energy production tax credit and clean renewable energy bonds programs for four years including $290 Million for renewable energy R&D on Solar, wind, geothermal, biomass, hydropower. [2006 Senate Vote #42, 3/14/2006]

McCain Cast Deciding Vote to Cut Funding For the Rural Renewable Energy and Energy Efficiency Program From $23 Million To $3 Million. McCain voted to cut $20 million from rural renewable energy and energy efficiency programs. [2005 Senate Vote #363, 12/21/2005]