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C-SPAN (9:10 a.m. ET) - All Repugs singing the praises for economy

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LittleApple81 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-07-03 09:23 AM
Original message
C-SPAN (9:10 a.m. ET) - All Repugs singing the praises for economy
under Bush. I am glad whenever the economy does better. The problem is that I CANNOT BELIEVE THIS ADMINISTRATION!
All of them are liars and criminals. So what are we to do? whom do we believe? where should we get our news from?
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CMT Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-07-03 09:52 AM
Response to Original message
1. yeah great job on the economy under Bush
record budget deficits which will eventually lead to higher interest rates, over three MILLION jobs lost--despite the job gains announced today, People having to take jobs that don't pay as much as the ones they lost just to keep a roof over their head, and more people today in poverty and without medical insurance than when he took office.

Now could the Democratic leaders get out there and tell this story?
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-07-03 10:00 AM
Response to Reply #1
2.  8.8 million remained unemployed - jobwatch .org has real analysis
Edited on Fri Nov-07-03 10:07 AM by papau
8.8 million remained unemployed

and 2 million over 27 weeks

and the rate goes down because folks give up on getting a job - you need 170000 new jobs for a steady rate -

this was much too low for a decreased rate.

liars

and these liars do not publish the U-6 unemployment rate - the rate that includes the "I give up" folks as unemployed -

wonder why?

Job Watch -

On October 21, The New York Times reported that Treasury Secretary John Snow projected that the economy will generate two million additional jobs,about 200,000 per month, before next years election. This new numberis a huge retreat from the administrations previous projection made when it was selling its tax cuts. In February the Council of Economic Advisers projected 306,000 per month job growth starting in mid-2003 if the tax cuts were passed and roughly 228,000 jobs created per month without the tax cuts.

It takes 170,000 new jobs each month just to provide jobs for an expanding population and workforce and 300,000 new jobs each month to lower the unemployment rate by one percentage point over the course of a year.

More Here:

http://jobwatch.org/


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