The presumptive presidential nominees are tangling today over the new report that shows the US economy lost 49,000 more jobs in May.
While they agree on the basic facts, their statements reveal more about the huge policy differences on the economy between Democrat Barack Obama and Republican John McCain.
Obama, in a statement, called the jobs report, "deeply troubling" and warned that McCain would prolong failed policies.
"This is a reminder that working families continue to bear the brunt of the failed Bush economic policies that John McCain wants to continue for another four years," the statement continued. "In the first five months of 2008, our economy has lost 324,000 jobs, and workersí wages once again failed to keep pace with the skyrocketing cost of health care, and college tuition, and gas. Thatís why we canít afford John McCainís plan to spend billions of dollars on tax breaks for big corporations and wealthy CEOs, and thatís why Iím offering change that will provide working families with a middle-class tax cut, affordable health care and college, and an energy plan that will create up to five million good-paying jobs that canít be outsourced. Thatís the change the American people are looking for, and thatís how weíll build an economy of shared prosperity once more.Ē
McCain's statement called the jobs report "a stark reminder of the economic challenges facing American families" and warned that Obama would return to failed policies.
"As the worst single monthly increase in the unemployment rate in two decades clearly shows, Americans across this country are hurting, and we must act now to support workers, families and employers alike. This means getting our economy back on track by providing immediate tax relief, enacting a HOME plan to help those facing foreclosure, lowering health care costs, investing in innovation, moving toward energy independence, and opening foreign markets to our goods. These policies will help small businesses create the jobs that families need today. The American people cannot afford more inaction from Washington.
ďThe wrong change for our country would be an economic agenda based upon the policies of the past that advocate higher taxes, bigger government, government-run health care and greater isolationism. To help families at this critical time, we cannot afford to go backward as Senator Obama advocates.Ē
About Political Intelligence
Glen Johnson is Politics Editor at boston.com and lead blogger for "Political Intelligence." He moved to Massachusetts in the fourth grade, and has covered local, state, and national politics for over 25 years. E-mail him at firstname.lastname@example.org. Follow him on Twitter @globeglen.