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Politics : PRESIDENT GEORGE W. BUSH
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To: Bald Eagle who wrote (617292)9/3/2004 11:06:36 AM
From: puborectalis  Read Replies (1) of 769670
 
Democrats are all but assured of being able to campaign through the Nov. 2 election with the charge that Bush will be the first incumbent since Depression-era President Herbert Hoover to see a net loss of jobs during his administration.


While Bush talks about the gain of 1.5 million jobs from last September through the July report, that still means 1.2 million jobs have still disappeared on his watch, according to Labor Department payroll statistics.

University of Maryland Business School professor Robert Smith says even the household survey that the administration has touted recently shows a weakness in the labor market.

He said if the same percentage of the population were working today as were working in 2000, when unemployment dropped to 3.8 percent, a 30-year low, there would be nearly 5 million more people with jobs.
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