Doing some digging into actual facts, Bill over at INDC Journal
, has crunched the numbers on current job growth, growth forecasts and current job loses under President Bush.
What is phenomenal is that with the news out that 337,000 jobs were added in October and a revised additional job growth figure of 156,000 for August and September, that comes to 493,000 additional jobs through October. Bush's total net job loss for his first term, as of the beginning of October (using the figures prior to the revised additional August and September figures), is a loss of 585,000 jobs.
Doing the math...
-585,000 + 493,000 = ????
Go here to INDC for a look ahead to what is projected for the next two months.
This with a massive terrorist attack, a burst bubble in the market resulting in a recession, worldwide economic downturn, oil prices through the roof and two large scale military actions overseas. While the President doesn't have direct control over job creation he does influence stimulation of job growth through tax rates, tax consequences and other forms of stimulation.
This with a massive terrorist attack, a burst bubble in the market resulting in a recession, worldwide economic downturn, oil prices through the roof and two large scale military actions overseas.
You forgot a few things. Corporate scandals, .com fallout due to over-expansion, telecom fallout due to over-spending and over-expansion, increased technology leading to fewer employees needed, etc.
Posted by: Chad Evans on November 6, 2004 11:35 PM