Paul Ryan: ‘Not Even Close to What a Recovery Looks Like’


GOP vice presidential nominee Paul Ryan appeared on CNBC to respond to the dismal employment figures that came out on Friday. He said, “This is not even close to what a recovery looks like.”

“This is not even close to what a recovery looks like," Ryan said. "This is not what President Obama promised. I would argue this is the result of failed leadership in Washington, bad fiscal policy coming from the administration and that is why we have this very tepid report. For every net one job created, four people — nearly four people left the workforce.”

"If borrowing and spending and regulating and taxing was the secret to economic success, we would be entering a golden age along with Greece," the Congressman said during the interview. "It's not, it doesn't work. We need sound money, low tax rates, fiscal discipline, regulatory certainty and we need to stop this notion of a government-driven economy."

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“We would need to actually have 150,000 jobs created just to keep in pace with population growth,” Ryan said. ”This is not what President Obama promised. I would argue this is the result of failed leadership in Washington, bad fiscal policy coming from the administration, and that is why we had this very tepid report.”

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The report did show a difference in move up to 8.1% of unemployment with less than 100,000 jobs created in for the month of August and the previous months had been revised. It also showed that nearly 400,000 people had stopped looking for work. “We are limping along,” Ryan said. “This is stagnant growth. For every person who got a job, nearly four people stopped looking for a job. That is not a statistic to brag about.”

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