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Politics : Don't Blame Me, I Voted For Kerry
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To: CalculatedRisk who wrote (24373)5/21/2004 11:32:40 AM
From: JakeStrawRead Replies (1) of 81568
 
The Truth - "The ad says Bush has lost 2 million jobs ‘so far,’ implying that more losses are coming. In fact, the economy has been gaining jobs since July, when the total decline in jobs since Bush took office hit nearly 2.6 million. That figure has now declined to 2.3 million and is predicted to keep shrinking in months to come.

The ad’s central claim – that Bush will finish his term with the economy employing fewer people than when he took office – probably will turn out to be correct – but barely. Private economists are projecting that the economy will continue to gain jobs over the next year, according to Blue Chip Economic Indicators, a survey of private economic forecasters. The average forecast is for a gain of 146,000 jobs per month, which would leave Bush at the end of his term with an economy employing nearly 400,000 fewer workers than when he took office. On the other hand, the most optimistic private economists see the economy gaining enough jobs between now and the end of Bush's term to leave him with a gain. Ten of the 51 surveyed predicted an average gain of 213,000 jobs per month over the next year, which if continued through January 2004 would leave Bush more than half a million jobs to the good."
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