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Jobs and the Economy

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President Obama inherited an economy in free fall, with huge deficits, skyrocketing health care costs, dwindling employment, and banking and housing markets on the brink of collapse. Working with the President, Democrats stabilized the financial system and helped to prevent a second Great Depression. An economy that was losing 700,000 jobs a month is now gaining jobs. We still have a long way to go, but we are now moving forward on the road to recovery.

President Obama and Democrats are fighting to strengthen our economy further and create jobs for American workers by ending tax loopholes for corporations, providing tax cuts to small businesses, investing in a clean-energy economy, and putting Americans to work rebuilding our infrastructure.

Recent Updates
  • DNC Chair Debbie Wasserman Schultz’s statement on National Equal Pay Day

    On National Equal Pay Day, we are reminded of how we impede our own success when we refuse to compensate women equally. Women still make just 77 cents for every dollar earned by a man. Over a lifetime, that adds up to more than $430,000 in lost compensation for her, her family, and our economy. For Hispanic and African American women, the gap is shamefully even greater.

    Women now constitute nearly half of the nation’s work force. More women are acting as their family’s primary breadwinner, and many families rely on the paycheck of a wife or mother just to make ends meet. Pay equality is not just a women’s issue – it’s a family issue, and an economic issue.

    As the party of inclusion, empowerment, and opportunity, these issues are priorities for Democrats. The Lilly Ledbetter Fair Pay Act was the first bill signed into law by President Obama, and Democrats in Congress continue to fight for passage of the Paycheck Fairness Act. In addition, Democrats support increasing the minimum wage, because no one who works full time should have to live in poverty. We also recognize that real economic equality includes enabling women to decide for themselves when to start a family.

    The contrast with Republicans is clear. Republicans stood steadfast against the Lilly Ledbetter Fair Pay Act, oppose increasing the minimum wage, and have repeatedly blocked the Paycheck Fairness Act. They continue to double down on their obsession with repealing the Affordable Care Act, and with it the provision that bars insurance companies from treating being a woman as a pre-existing condition increasing the cost of health care for women and their families. The net effect is that while Republicans are fighting against bigger paychecks for women, they would also subject them to higher health care costs. That is an unsustainable proposition for America’s families.

    Equal pay is about more than just women’s rights. It’s about the economic security of our families. It’s about ensuring that our daughters enter a work environment that treats them with fairness and respect. And it’s about growing our economy, because we know that when women succeed, America succeeds. It’s high time Republicans get on board.

  • $24 billion

    The GOP Shutdown cost our economy $24 billion and accomplished nothing. Yet, GOP Leader Ted Cruz still thinks it was a good idea. If we want to prevent future manufactured crises, we need to vote Ted Cruz and the rest of the Tea Party out of office. Help Democrats today so we have the resources we need to fight back in 2014.

    The GOP Shutdown cost our economy $24 billion and accomplished nothing. Yet, GOP Leader Ted Cruz still thinks it was a good idea. If we want to prevent future manufactured crises, we need to vote Ted Cruz and the rest of the Tea Party out of office. Help Democrats today so we have the resources we need to fight back in 2014.

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GOP Sequester: Track the Impact
Recent Action
President Obama announced his Startup America Legislative Agenda
January 31, 2012
President Obama outlined his Startup America Legislative Agenda, which includes provisions that cut taxes for small businesses, gets capital to growing companies, and relieves the backlog of employment-based immigrant visas
Elevates Small Business Administrator
January 13, 2012
President Obama elevated the position of Small Business Administrator to Cabinet-level rank
Helping small businesses
Democrats passed the Small Business Jobs Act, spurring job creation by providing small businesses with tax breaks and better access to credit.
Milestones