Lawrence Mishel Quotations

We've cut a $3 trillion hole in the budget for the next three years for tax cuts he said were going to create 344,000 jobs each month starting in August, and things are going in the opposite direction,

We have to reconnect overall economic growth to overall benefits for the people.

The administration projected the economy would gain 306,000 new jobs each month once the tax package was passed. So far, this has been a profound failure.

The increase in unemployment and the lack of job creation has dramatically altered the beneficial dynamic that prevailed in the latter half of the 1990s, when tight labor markets and faster productivity growth fueled broad-based wage gains.

The payroll survey is the best measure of the absolute amount of employment and employment trends, and this is really quite a pessimistic report.

We hope this report will clear the fog, create a better understanding of the true challenges we face and the progress we've made.

The labor market is crying for help. The government could write a check from Treasury to every man, woman and child right now for $400. All this bickering about the shape of a dividend tax cut is a distraction from how to get consumers spending right now.