August 6th, 2010, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today issued the following statement criticizing the new unemployment numbers released by the Bureau of Labor Statistics:
"Judging by the Bureau of Labor Statistics' latest figures, showing steady 9.5 percent unemployment and 16.5 percent underemployment, plus the Bureau of Economic Analysis' finding of only 2.4 percent estimated economic growth, America is in a weak recovery that is slowing down. We are risking a double-dip recession, and now is the time for pro-growth policies incentivizing private sector job creation, permanent tax relief, and a reduction of the burden posed by excessive government spending.
"Einstein said the definition of insanity doing the same thing over and over again and expecting different results. Unfortunately, on Tuesday, Nancy Pelosi will be having the House vote on another $26.1 billion bailout of bankrupt states like New York and California. Democrats call it jobs 'stimulus,' but the only thing they are stimulating is more debt and higher taxes, crowding out the prospects for a robust private sector recovery.
"Barack Obama needs to stop making excuses a year and a half into his Administration for the fragile economic recovery. Stop telling the American people he inherited a mess. Leaders are judged by how they address crises. The question is, has he made it better, or worse?
"With today's latest figures, in the least it is clear that things are not getting any better, and that they will continue to get worse as government just keeps spending money we don't have."