I like this graph of the 7 million missing jobs under Bush

[papau]

[wryter2000]

1. Source, please?

That's delicious. I'd love to rub a few noses in that one.

[papau]

2. It is from the PR release by the John Kerry Campaign

I'll see if I can nail down the URL - sorry I can't find anything except DU graph URL - It is buried in the URL for the PDF file below:
http://www.johnkerry.com/pdf/pr_2004_0713.pdf



http://www.johnkerry.com/pressroom/releases/pr_2004_0713.html

Bush Jobs Record Worst in 60 Years
New Report: Bush Economy Leaves Families Less Secure
New

A New State-by-State Look at How Bush Missed His Mark
http://www.johnkerry.com/pdf/pr_2004_0713.pdf

[Homer12]

3. It looks like the CEA Line

is a "natural log" rather than a plotted line. Why would anyone predict with a natural log?

[papau]

4. ? - delta is constant 2 million jobs - I do not understand?

It is a simple straigh line plot to the point Bush predicted we would be at at this point in time if his tax cuts were passed,

And we compare to where we are at - and we find a 7 million dif.

Granted it is a bit like shooting fish in a barrel - but complicated analysis just does not sell in our media.

[Frodo]

7. When was the promise made?

Can he claim any external effects? Or was the promise made POST 9/11?

[papau]

10. Hi Frodo - interesting question- the report projects 1% per year growth in

workers post 9/11
http://www.gpoaccess.gov/usbudget/fy03/pdf/2002_erp.pdf Feb5 2002 Table 1.2 Assume 1% growth per year post 9/11

But that may not be what you want:

With Bush we got 3 tax cuts—the Economic Growth and Tax Reform Reconciliation Act of 2001 (EGTRRA), the Job Creation and Workers Assistance Act of 2002 (JCWA), and The Jobs and Growth Tax Relief and Reconsiliation Act of 2003 (JGTRRA).

7 million jobs short of President Bush’s prediction. Annual job growth projections in the 2002 Economic Report of the President implied job growth of about 5 million between January 2001 and March 2004. Instead we have lost about 2 million jobs. As a result, we are some 7 million jobs short of the prediction President Bush made after 9/11, the tech bubble, and the recession.

http://www.gpoaccess.gov/usbudget/
http://www.gpoaccess.gov/usbudget/fy03/pdf/2002_erp.pdf Feb5 2002 Table 1.2 Assume 1% growth per year post 9/11

But the speeches seem to claim that by the end of 2004 we would have a job growth of 5.5m plus 0.8m plus 2 m - so take you pick - the speeches say over 7 million new jobs from those 3 tax cuts, and the econ report assumptions produce/imply 7 million new jobs.

Papau


The Bush Administration called the tax cut package, which was passed in May 2003 and took effect in July 2003, its "Jobs and Growth Plan." The president's economics staff, the Council of Economic Advisers (see background documents), projected that the plan would result in the creation of 5.5 million jobs by the end of 2004

Moreover, by the end of 2002, the president's tax relief will have helped the private sector to create 800,000 more jobs then there otherwise would have been." Glenn Hubbard, Chairman, White House Council of Economic Advisers, 2/18/2002

We had an economist before the Finance Committee yesterday who testified that in his opinion the proposed tax cut would create one and a half to two million new jobs, and that the tax cut would expand the economy by two percentage points." Senator Fred Thompson, Congressional Record, 3/8/2001

our analysis suggests the tax cuts will help businesses create 1.6 million more jobs - enough to lower the unemployment rate to 4.6 percent." William Beach, Director of the Center for Data Analysis, Heritage Foundation, 3/1/2001

[mhr]

5. How About This Graph From The Dallas Federal Reserve

It depicts relative employment levels in Texas. It is pretty obvious that Dallas, Ft. Worth, and Austin have all been hit hard by the economic downturn. Dallas and Austin were the high-tech centers in Texas - Telecom and a mini silicon valley.

Note that Dallas has yet to recover to the level of employment last seen in January 1, 2000. Pretty dismal!

For some like myself, now unemployed four years and a Dallas resident, the demise of * cannot come swiftly enough.

[Frodo]

6. Take it from the graph guy... You need new material.

:-)

[mhr]

8. That Graph Is Current Through The end Of May

It is about as current as one can get.

So, I don't know what you mean.

The employment situation has still not improved.

I have applied for roughly 100 jobs in the last two weeks.

Still no interest. Still no job.

Seems the graph is still poignant and descriptive.

Are you being obtuse again Frodo?

[Frodo]

9. Not what I meant.

Nothing at all wrong with the graph. I've just seen it eight or ten times lately. :-)

I meant you're stuck in a bit of a rut is all. There are plenty of other sites that document the massive loss in jobs since 2000. Pick another graph.


The "new material" stick was like talking to a politician who was stuck on the same speech (or a comedian reusing the same jokes). I know you have more to contribute than how many resume's you've sent out or hw bad things are in one small area of the country.