Pelosi: Jobs report shows Trump 'hollowing out our economy'
by Susan Ferrechio
| June 07, 2019 11:27 AM
House Speaker Nancy Pelosi said the May Department of Labor report showing only 75,000 jobs were created “is a disturbing sign that the Administration’s disastrous special interest agenda is hollowing out our economy, fueling instability and jeopardizing the financial security of working families across America.â€
Democrats have long denounced President Trump’s economic policies, in particular the tax cut law that slashed corporate rates to 21%.
Democrats want to roll back much of that law and use the money for various spending priorities.
“While the wealthy and well-connected enjoy massive windfalls from the GOP Tax Scam for the rich, countless hard-working Americans are one unexpected expense away from financial ruin,†Pelosi, D-Calif., said in the statement. “Families across the country need decisive action to strengthen their health and financial well-being, not more special interest giveaways and reckless threats from the President that threaten to sow chaos in our economy."
The unemployment rate remains at 3.6%, the lowest since 1969. But job creation fell far below the 180,000 new jobs expected last month, sparking concerns that slow economic growth or even a recession could develop.
https://www.washingtonexaminer.com/news/congress/pelosi-jobs-report-shows-trump-hollowing-out-our-economy