Senator Kennedy On President’s Economic Report

February 11, 2008 -- WASHINGTON, DC — Senator Edward M. Kennedy, Chairman of the Health, Education, Labor and Pensions Committee, today released the following statement in response to the publication of the President’s annual Economic Report.

“The President’s Economic Report once again shows how out of touch the Administration is with the harsh realities that America’s working families are facing each day. The report offers a rosy picture of the economy, despite economists’ overwhelming predictions of a recession and a sharp rise in unemployment over the next two years. It’s clear the White House doesn’t begin to understand the anxiety that tens of millions of American families are suffering, and the stimulus bill signed by the President today leaves too many of them out. The best response by Congress to this report is to pass immediate additional targeted relief to those in need, with specific help for the unemployed and for families who can’t afford to heat their homes.”

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Source: Senator Edward M. Kennedy