"It is devastating to look at these facts and figures and see the negative impact the Democrat tenure has had on our country.”-- Bill Wilson, President of ALG.
April 19th, 2010, Fairfax, VA—Americans for Limited Government (ALG) released a report today showing a comparison of economic figures since the Democratic Party took over Congress in 2007.
The U.S. currently has a 9.7 percent unemployment rate, as reported by the Bureau of Labor Statistics. In 2007, the unemployment rate was 4.6 percent. Comparatively, the number of people unemployed today is 14.8 million; in 2007 it was 7 million.
"It is devastating to look at these facts and figures and see the negative impact the Democrat tenure has had on our country," said Bill Wilson, President of Americans for Limited Government. "It is important to look back at these numbers and make these comparisons so we know what changes need to be made in policy—before it is too late."
According to the report, in addition to unemployment numbers being much higher today than they were in 2007, the length of time people are unemployed has nearly doubled. In 2007, the average time of unemployment was 16.2 weeks. In January of 2010, the average was 30.2 weeks. Clearly, America is not yet on the path to job recovery.
Wilson said the figures in the report are "important economic indicators that show how quickly the U.S. has taken a downhill turn in the past four years."
In January 2007, the start of the Democrat-run Congress, the federal budget had a monthly surplus of $38.2 billion, according to the Treasury Department. As of January 2010, there was a $42.6 billion deficit.
"The numbers do not lie," Wilson said, concluding, "The American people need to know what has been happening the past four years. It is clear there needs to be a change in the leadership in America away from the command-and-control economy that disincentives business expansion and job creation to one that can lift government's grip from the throat of working Americans."