WASHINGTON, D.C. - House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement this morning as the U.S. Department of Labor reported the nation’s unemployment rate rose in October from 9.8 percent to 10.2 percent - a loss of 190,000 jobs:
“Despite skyrocketing unemployment rates and millions of lost jobs, the Administration continues to peddle jobs “saved and created" figures to avoid accountability for their job-killing policies. By creating the immeasurable metric of “jobs created or saved," the Administration can make job claims month after month that fly in the face of economic reality. The reality is this Administration and Congress has created a so-called “too big to fail" mentality that is economically unsustainable and will result in higher health care costs, higher energy taxes, higher deficits, and more bailouts."
