"The President's comments today once again widen the credibility gap between his rhetoric and reality," said House Democratic Leader Nancy Pelosi. "The President continues to insist that his $1.5 trillion tax cut that largely benefits the wealthy will stimulate the economy, and that the Blue Chip Forecast endorses his plan. That is simply not the case.
"More than 400 economists, including 10 Nobel Laureates, have taken out a full-page ad in The New York Times to say that his plan will not create jobs. And we need to create jobs immediately, because since President Bush took office a total of 2.3 million private-sector jobs have been lost. This is the worst record on job creation of any President since the end of World War II. The Democrats have a better alternative. We are united behind a fair, fast-acting, fiscally responsible plan that will create at least 1 million new jobs this year."
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