Frank Statement on Job Numbers

Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) released the following statement regarding today’s job:

            “Today’s disastrous job numbers confirm the complete inadequacy of the conservative approach to maintaining prosperity in this country.  What we are seeing is an increasing downward plunge of employment and it is now beyond rational debate that we need a significant infusion of public funds to work with the private sector so that we can restore economic growth.  I believe this will require both a large fiscal recovery plan and the release of the second $350 billion of the TARP, provided that we can agree on appropriate measures to govern the allocation of those funds.”