November 20, 2009

Carly Fiorina Issues Statement On California’s Rising Unemployment Rate

SACRAMENTO, CA – U.S. Senate candidate Carly Fiorina today issued the following statement after the California Employment Development Department announced that unemployment in California rose to 12.5 percent in October 2009.

“The news today that even more Californians are out of a job is another indicator of the abject failure of the bailouts, stimulus package and increased deficit spending championed by Barbara Boxer. These failed policies focused on big government and big labor, and increased our federal deficit by nearly $1.5 trillion dollars in less than one year,” said Fiorina.

“More government spending of borrowed money is the wrong approach to economic recovery. Instead, we should be focused on giving small business owners and entrepreneurs the ability to grow by restoring access to credit markets, reducing regulations and easing the tax burden,” added Fiorina. “In our economy, it is small businesses that create jobs and will be the engine that drives us toward economic recovery. Unfortunately, Barbara Boxer has refused to support policies that will help these businesses and has instead favored costly and ineffective big government spending. It is clear that the people of California deserve better representation in the U.S. Senate than we have gotten over the last nearly 18 years under Barbara Boxer.”

UNEMPLOYMENT HURTING CALIFORNIANS

California’s Jobless Rate The Highest Since World War II. “The California jobless rate hit 12.5%, a post-World War II high, up from a revised 12.3% in September, the California Employment Development Department said this morning. The national unemployment rate in October was 10.2%.” (Los Angeles Times, 11/20/09)

California Has Lost 687,700 Jobs In 2009 And Has The Nation’s Fourth-Highest Unemployment Rate. “Still, the state gained 25,700 jobs in the month, marking the first time that California has added jobs since April 2008. It has lost 687,700 jobs over the last year. California had the fourth-highest unemployment rate in the country, following Michigan, Nevada and Rhode Island.” (Los Angeles Times, 11/7/09)

California’s Unemployment Rate Was An Abysmal 12.2% In September. “In California, where unemployment was 12.2% in September, the rate for October will be reported Nov. 20.” (Los Angeles Times, 11/7/09)

Southern California Has Been Hit Hard By Lost Jobs. “Unemployment rates rose in most regions in the Southland. Los Angeles County’s jobless rate reached 12.8%, up from a revised 12.6% in September. The unemployment rate in Orange County rose to 9.6%, up from a revised 9.5%, and the rate in Riverside and San Bernardino County climbed to 14.6%.” (Los Angeles Times, 11/7/09)

Californians Discouraged By Lack Of Jobs And Slow Pace Of Recovery. “Mike Campbell isn’t quite ready to believe that a recovery is imminent. The 48-year-old San Pedro resident has been looking for work for six months to no avail. His car was repossessed in June and his 200 or so job applications haven’t yet gotten him work. ‘It’s terrible out there,’ he said. To believe a recovery has begun, he said, ‘I have to see it for myself. I wouldn’t even believe my own father if he told me.’” (Los Angeles Times, 11/7/09)

STIMULUS DOESN’T DELIVER

Stimulus Plan Not Producing As Promised. “The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected. Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers – leading proponents of a stimulus bill – predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn’t quite worked out that way.” (Time, 7/14/09)

Nationwide Almost 16 Million Workers Now Have No Jobs. “Some 15.7 million workers now have no jobs, the government said in releasing its monthly unemployment report, and an estimated 5 million more are working fewer hours and drawing smaller paychecks than they were before the country fell into the worst recession in a generation.” (Los Angeles Times, 11/7/09)

BARBARA BOXER AND THE STIMULUS

In February 2009, Boxer Said The Stimulus Would “Put Californians To Work Now.” “Senator Boxer said, ‘In the face of the worst economic crisis since the Great Depression, the Congress has acted today to save or create jobs in California and across the nation. With so many Californians anxious about the economy, this legislation offers help and hope. This bill will put Californians to work now building the highways, bridges, transit and rail systems, and renewable energy sources of the 21st century.’” (Senator Barbara Boxer, “Boxer Praises Passage Of Economic Recovery Legislation,” Press Release, 2/13/09)

Boxer: People Who Didn’t Support Stimulus Are Frustrated That It’s Working. “It’s my sense that there’s a frustration by the people who voted ‘no’ on the economic recovery act, the stimulus bill, there’s a frustration that it’s working. They predicted gloom and doom, Mrs. Boxer said.” (The Washington Times, 9/17/09)

“The Failure Of The Stimulus Package, Boxer’s Record And Her Self-Importance Will Likely Be Issues In Her Re-Election Campaign.” (KUSI News San Diego, 11/12/09)

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About Carly Fiorina

Carly Fiorina is running for the U. S. Senate because she knows fiscal conservatism and a focus on jobs is the way to return America to greatness. More

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