Newt Gingrich Statement On The Jobs Report

Newt Gingrich sent the following email to his supporters today in reaction to the U.S. economy creating zero jobs in August.

Class Warfare and Bureaucratic Socialism Fail Again

Zero jobs created in August. No relief for the 25 million who are unemployed, underemployed or who have given up looking for work.

And the president thinks he’s “frustrated?”

As we mark Labor Day, this bad news is especially poignant, but it’s also not surprising.

Stagnant economic growth is the inevitable result of President Obama’s commitment to class warfare and bureaucratic socialism.

The president routinely demonizes successful Americans, arguing they need to be punished with higher taxes. Is it any wonder that entrepreneurs are hesitant to invest, create new wealth and jobs?

This administration has issued one job killing regulation after another. Laws like Obamacare and Dodd-Frank are so complex and confusing that businesses can’t predict their costs for the coming years. With so much uncertainty, is it any wonder businesses aren’t hiring?

There is a better way – a proven way.

As a junior congressman, I worked with Jack Kemp and Ronald Reagan to develop and then pass the Kemp-Roth tax cuts. And rather than casting successful Americans as the enemy of working Americans, Ronald Reagan praised the American entrepreneur as the cornerstone of our country’s success. The result was an unprecedented economic boom that created 25 million new jobs.

To put the difference between the Reagan Recovery and the continued Obama Depression in visual terms, here is a chart comparing the results of Reagan’s Kemp-Roth tax cuts and Obama’s big government stimulus