new video loaded: Job growth will slow without a stimulus package, says Biden
Job growth will slow without a stimulus package, says Biden
President Biden said on Friday that the growth shown in Friday’s jobs report was temporary and that the long-term economic recovery could stagnate without embracing the $ 1.9 trillion relief package envisioned by Congress.
Today’s jobs report shows that we believe the US bailout is urgently needed. Our economy still has 9.5 million fewer jobs than at the same time last year. And at this rate, it would take two years to get us back on track. We have a million fewer educators, a million fewer educators than at the same time last year. We have lost 400,000 small businesses. All these empty windows are not just broken dreams. These are warning lights going out in state and local budgets that are stretched because of this lack of tax revenue. And part of last month’s job growth was the result of December’s relief program. But without a bailout, these gains will slow down. We cannot afford one step forward and two steps back. We need to beat the virus, bring a sense of relief and build an inclusive recovery. People need help, now in less than two weeks enhanced unemployment benefits will start to expire for 11 million people. At least seven million children do not have enough food to eat regularly, 13 million people are behind on their rent. And the bailout is absolutely essential to turn the tide, get kids back to school safely, give small businesses a lifeline and get the upper hand on Covid-19.
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