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Politics : Don't Blame Me, I Voted For Kerry
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To: longnshort who wrote (23115)5/16/2004 3:07:32 PM
From: American SpiritRead Replies (2) of 81568
 
Bush has lost 2.85 million manufacturing jobs and almost 2 million jobs overall. Good jobs have replaced by lopusy ones. The jobs growth in the past few months is welcome but not really tax-related, it's mainly interest rate related. The tax-related part is just self-serving Bushie spin. Bottomline, the rich invest their tax savings and don't spend it or hire people. Wall Street wins but people don't.

The most jobs were recently created in seasonal interest sensitive industries like construction (almost none in manufacturing) plus in the healthcare field where Bushies are letting inflation climb unchecked due to huge cash contributions to their campaign. There is also jobs growth in the defense and security sector. That's due to massive government deficit spending. But the deficit spending has created a paltry amount of jobs which is shocking and disturbing.

Bottomline, Bush will over-spend by 2 trillion his first four years and yet lose close to 2 million jobs, mainly good jobs. How could that be? Where is all the money going if not into salaries?

Two trillion in deficit spending should have created 10,000,000 new jobs. Instead it has done very little and left us with an enormous debt. That is awful.

The low interest rates are the only thing that has kept this economy afloat and that's Greenspan's doing, not Bush's. Now interest rates are rising again so all bets are off.
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