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Pelosi: ‘January Jobs Report Shows the Rot at the Heart of the Trump Economy’

By Craig Bannister | February 7, 2020 | 4:09pm EST
House Speaker Rep. Nancy Pelosi
(Screenshot)

Despite creation of 225,000 jobs, a 3.6% unemployment rate, a 3.1% increase in earnings over the past year, and extension of the longest economic expansion in U.S. history, House Speaker Nancy Pelosi (D-Calif.) declared the January employment numbers “the rot at the heart of the Trump economy.”

In a statement reacting to the January employment report, Pelosi said January’s numbers provide proof of “all of President Trump’s mistruths at the State of the Union” when he touted his range of economic successes:

“After all of President Trump’s mistruths at the State of the Union, the January jobs report shows the rot at the heart of the Trump economy.  Our workers have lost 12,000 manufacturing jobs, while wages struggle to keep pace with the soaring cost of living.  Our farmers are suffering and farm bankruptcies reached an eight-year high last year.  Three years in, the Trump economy is creating 42,000 fewer jobs a month on average than the last three years of President Obama.”

American families are “under constant attack from President Trump’s illegal administrative actions,” Pelosi warns:

“Today, hard-working families find their health care under constant attack from President Trump’s illegal administrative actions and his lawsuit to strip away every benefit and protection of the Affordable Care Act.  Prescription drug prices are out of control and President Trump keeps standing with Big Pharma against drug price negotiation.  Our communities’ infrastructure is crumbling and President Trump’s big promises have disappeared.

“While President Trump ignores the kitchen-table reality of hard-working men and women, Democrats are taking action.  House Democrats have sent transformative drug price negotiation legislation to the Senate.  We are moving forward with our bold Moving Forward infrastructure framework to create an estimated 10 million jobs.  We will never stop fighting For The People, to deliver results that make a difference in the lives of hard-working families.“

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