[Congressional Record Volume 154, Number 74 (Tuesday, May 6, 2008)]
[House]
[Page H3060]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AS JOB LOSSES CONTINUE IN APRIL, DEMOCRATS CONTINUE TO WORK TO
STIMULATE THE ECONOMY
(Mr. PALLONE asked and was given permission to address the House for
1 minute.)
Mr. PALLONE. Madam Speaker, as the first quarter of 2008 ended, it
was clear that things are not getting any better for American families
struggling to make ends meet. Americans continue to face higher costs
for basic necessities, millions of families have lost their homes due
to the troubled real estate market, and several million more Americans
are uninsured.
Last week, we also learned that April was the fourth month in a row
that our economy lost jobs. With 20,000 jobs lost last month, our
economy has now shed 260,000 jobs so far this year. That's particularly
troublesome considering that experts say the economy must create
150,000 jobs a month just to keep up with the number of Americans
entering the job market.
All of these red flags show why it is so important that we worked
together in a bipartisan fashion earlier this year to pass the economic
stimulus package. As a result of that action, 150 million taxpayers
began receiving rebate checks last week. That was a good start, but
more needs to be done.
Madam Speaker, with so many Americans struggling and the bad economic
news continuing to mount, we urge the President and the Republicans to
join us to pass a second economic stimulus package.
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