NRCC - Shea-Porter's Job-Killing Agenda Leaves NH Families Desperate for Recovery

Economic Outlook Unnerving as the Democrats Continue their Job-Killing Campaign

Washington- After weathering the rough economic storm over the past year and with unemployment at an abysmal 9.7 percent, New Hampshire families are desperate for economic recovery. Rather than working to create jobs and providing relief to struggling middle-class families, Carol Shea-Porter continues to green-light billions in wasteful spending only to stimulate big-government growth at the expense of private sector jobs. Less than two weeks ago, Shea-Porter rubber-stamped a job-killing healthcare takeover that is so politically toxic it has Democratic Congressional Campaign Committee (DCCC) Chairman Van Hollen predicting “stormy waters” ahead for Democrats.

“’Rep. Chris Van Hollen is seeking both to calm and unify his party as it enters what he calls ‘dangerous waters ahead.’

“With healthcare reform now law, Democratic leaders are shifting into a new phase, reassuring and advising nervous members who have huge targets on their backs.” (Aaron Blake, “Van Hollen warns of ‘dangerous waters,’” The Hill, 3/31/2010)        

The Democrats’ job-killing healthcare bill will not only force companies to lay off employees, but will come at a huge financial cost as well:

“Boeing Co. will take a charge of $150 million due to the recent health care overhaul legislation, the aircraft maker said Wednesday. The charge will hurt earnings by 20 cents per share in the first quarter of 2010. In 2013 Boeing will no longer be able to claim an income tax deduction related to certain prescription drug benefits for retirees.” (“Boeing to take charge on health care reform,” Associated Press, 3/31/10)

“On top of AT&T's $1 billion, the writedown wave so far includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million. Verizon has also warned its employees about its new higher health-care costs, and there will be many more in the coming days and weeks.” (“The ObamaCare Writedowns,” Wall Street Journal, 3/27/2010)

“The effects of this portion of the health care bill have concerned several of the 35,000 people employed in the lending industry. Phillip Walsh, a senior director at Sallie Mae’s office in Fishers, said the company will lose approximately 2,500 of its 8,500 jobs.” (Holly Heerdink, “Loan providers forced to cut employees,” Indiana Daily Student, 3/25/2010)

Much to the dismay of New Hampshire families, the few jobs that have been produced since Democrats took control of the White House and Congress have been government jobs with looming expiration dates:

“The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics' nonfarm payroll data, to be released Friday, include government workers. The addition of workers for the 2010 census is expected to lift federal government payrolls.” (Kathleen Madigan, “Private Payrolls Drop,” Wall Street Journal, 3/31/2010)

Also, the help from census hiring is a temporary boost, at best. Most census workers will only be employed for a matter of months.” (Ian Swanson, “Positive March jobs figures to bolster Obama, but horizon cloudy,” Politico, 3/30/2010)

“While middle-class families in New Hampshire continue to look for economic recovery on the horizon, Carol Shea-Porter has been busy rubber-stamping a job-killing agenda in Washington,” said NRCC Communications Director Ken Spain. “By supporting her party’s agenda of higher taxes, fewer jobs, and bigger government, Shea-Porter is on the hook for the country’s 9.7 percent unemployment rate. After repeatedly neglecting economic solutions in favor of partisan politics, Shea-Porter may have already guaranteed her own unemployment when voters go to the polls on Election Day.”