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Politics : John EDWARDS for President
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To: Lizzie Tudor who wrote (317)2/20/2004 8:56:59 PM
From: Lizzie Tudor  Read Replies (3) of 1381
 
From MN:

Our View - Bush not realistic on economy
Another day, another retreat on the economy from the Bush administration.

Wednesday, it was the prediction the economy will add 2.6 million jobs by the end of the year that President Bush backed away from. That figure came from the recent annual Economic Report of the President.

The latest economic misstep comes a week after White House economist N. Gregory Mankiw said "outsourcing" American jobs overseas was good for the U.S. economy.

Well, it certainly isn't good for Bush's approval ratings, which are dropping.

Since Bush has been in office, the economy has lost 2.2 million jobs - the worst job-creation record of any president in 80 years. And the deficit is at an all-time high.

All of this from a president with a Master of Business Administration degree.

Now the Bush administration is starting to use the line that it "inherited" a bad economy.

That is not true. It is his policies - including a tax cut for richer Americans and out-of-control spending - that have so far hurt, and not helped, the economy. It is true that the war on terror and sending troops to Iraq have cost money. But those are not the only factors which have led to our economic woes.

With Bush gearing up to hit the campaign trail to seek another term, it is time for him and his advisers to get real. The economy doesn't need slogans and charts and predictions - it needs jobs. And if Bush wants a second term, he needs to prove to the country he can get the economy back on track.

So far, he is failing.

Bush should remember the mantra of the Clinton campaign in 1992: "It's the economy, stupid."

It cost his father a second term, and it could cost him a second term as well.
mankatofreepress.com
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