October 31, 2004
— Ace Another 175,000 jobs likely added this month.
Thanks to Insty.
Posted by: Ace at
12:44 PM
| Comments (11)
Post contains 41 words, total size 1 kb.
Posted by: at October 31, 2004 02:16 PM (h4tU8)
And he is still the first President to lose jobs since Hoover.
It is good that the media is ignoring the disappointing new job numbers and concentrating on the horserace. Before we outsourced much of what we made, we would see the 4% GNP growth reflected in augmented domestic production vs. a few owners and distributers adding cost on to imports and calling it "GNP growth". Historically, GNP 4% growth results in 2.5-3% job creation growth. At least 290,000 jobs a month.
The trickledown Bush promised would create 7.0 million jobs if his foreign - funded 2002 tax cuts were adopted have only created 1.8 million. Bush is 1.3 million in the hole.
Trickledown has failed. Will Bush admit it? Fuck no! He will go with more "tax cuts" for his cronies if re-elected.
His hope is the fact that the declining middle class still doesn't want a Mass liberal doing SCOTUS appontments, and this Mass Senator is a bunch less likable than the real JFK.
Posted by: Cedarford at October 31, 2004 02:21 PM (6krEN)
The fact is the Clinton left behind these huge economic messes
1. A recession that started in the Fall of 99.
2. An Internet Bubble that burst and took 2 trillion dollars out of the economy.
3. 9/11 which stopped all economic activity for 3 months and ruined the travel industry for 18 months.
If Gore had been president he would have done the same thing that Kerry would have-nothing.
And today’s unemployment rate would be 14%.
Clinton created an economic disaster in 1999 and only Bush’s tax cut saved the nation.
Posted by: Jake at October 31, 2004 02:40 PM (h4tU8)
Posted by: Paul B. at October 31, 2004 02:57 PM (BKx5y)
Except for one: I'm not so interested in new hires this week.
I'm interested in one, very important *REHIRE.*
Vote.
Cheers,
Dave
Posted by: Dave at Garfield Ridge at October 31, 2004 03:29 PM (mrpxK)
He still created jobs every year.
And Dubya has done WHAT with the 2 trillion he borrowed from the Saudis, Chinese, Japanese, and the Swiss Gnomes? Palace building for America's Tikriti Clan a la Saddam??
Posted by: Cedarford at October 31, 2004 03:49 PM (6krEN)
FDR created alot of make-work jobs during the "alphabet-soup" agency days. Is this what you are prescribing? You aren't a fan of "trickle-down," a.k.a capitalism. Do you or Kerry have another idea?
Posted by: Golden Boy at October 31, 2004 04:06 PM (i3DXc)
Posted by: Jack Grey at October 31, 2004 04:08 PM (Jq8H8)
You nailed it regarding Y2K. I saw the massive infrastructure upgrades and tech worker employment influx first-hand in the late 90's. Come early 2000, the artificial boom came crashing down. You can see the actual numbers charted here.
Posted by: Golden Boy at October 31, 2004 04:50 PM (i3DXc)
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