Pelosi: December Jobs Report ‘Caps a Year of Growing Uncertainty in Our Economy’

By Melanie Arter | January 10, 2020 | 3:09pm EST
(Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
(Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) on Friday downplayed news that the number of employed Americans reached a record-setting 158,803,000 in December, instead saying that the December jobs report “caps a year of growing uncertainty” and “surging costs of living for hard-working families.”

As CNSNews.com reported, according to the Labor Department’s Bureau of Labor Statistics announced Friday that the number of employed Americans -- 158,803,000 -- set a 25th record under President Trump. Furthermore, 1,858,000 more workers were added to payrolls since December 2018. 





“December’s jobs report caps a year of growing uncertainty in our economy, rising desperation in farm country and surging costs of living for hard-working families,” Pelosi said in a press release.

“Now, 2020 has begun with even more price hikes for hundreds of life-saving medicines, adding to the already crushing burden of prescription drug costs that weighs on so many families.  While last month, House Democrats took bold action by passing the Lower Drug Costs Now Act to finally negotiate lower drug prices for American seniors and families, Senator McConnell refuses to bring this bill to a vote,” she said.

“Meanwhile, the Trump Administration continues its all-out assault on health care in the courts to rip away protections for people with pre-existing conditions, end the ban on lifetime limits on care and destroy the health and financial security of tens of millions of American families,” the speaker said. 

“House Democrats will continue our work For The People, delivering legislation to lower health costs and prescription drug prices, raise wages by rebuilding America’s infrastructure in resilient, job-creating ways and clean up corruption in Washington.  We have sent the GOP Senate more than 275 bipartisan bills that Senator McConnell continues to block, and we will continue our drumbeat across America to pass this vital legislation,” Pelosi added.

Meanwhile, President Donald Trump also touted the economic news, tweeting Friday, “11,000 points gained in the Dow in the 3 years since the Election of President Trump. Today it may hit 29,000. That has NEVER happened before in that time frame. That has added 12.8 Trillion Dollars to the VALUE of American Business.” 

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“I'm sure everybody saw that the DOW hit 29,000.  The president's economic plans are clearly working.  We're looking forward to the China signing, USMCA, and a very strong economy this year,” Treasury Secretary Steven Mnuchin said at a White House press conference.


 

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