Campaign statement on recent jump in Producer Price Index (PPI)

August 19, 2008

Below is a statement from the Obama campaign’s economic policy director, Jason Furman, on today’s PPI jump - another sign that the economy is failing working families:

“The unexpected jump in the Producer Price Index announced today is just further confirmation of that our economy is failing hardworking American families. This economy may be working for the multi-millionaires that John McCain considers part of the middle class, but with prices rising and wages stagnating, tens of millions of typical American families are falling behind. While Senator McCain continues to stand in the way of short-term assistance for these families, Barack Obama’s Emergency Economic Plan would immediately put $1,000 in the pocket of families to help them pay for gasoline and groceries this fall, and would invest $50 billion in immediate measures to save more than one million American jobs. Americans can’t afford another four years of a President who ignores the plight of working families because he believes that multi-millionaires are middle class,” said Obama Campaign Economic Policy Director Jason Furman.

Written by · Filed Under Uncategorized