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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (14529)10/30/2003 6:57:24 PM
From: Original Mad Dog  Read Replies (1) | Respond to of 793597
 
As a supplement to what I just posted to you, the 1981-1983 U.S. economy lost about 2 million nonfarm jobs. Payrolls slowly recovered into early 1984 and then surged for the next 6 years, bringing unemployment down from above 8 to just over 5 percent.

In a recovery, economic growth often comes before job growth.



To: Lizzie Tudor who wrote (14529)10/31/2003 2:54:56 PM
From: Sully-  Respond to of 793597
 
"He is the first president since Herbert Hoover to have
a net job loss on his watch"


Well, there you go. Two of the largest bubbles in our
history netting similar results. Per your POV, Clinton's
bubble burst & somehow that's Bush's fault.

Now add to the bursting bubble economy the horrific
disaster of 9/11 & the multi-trillion dollar hit to the
economy. You never include this in your POV, however, you
still you maintain that the economic problems & the job
losses are 100% Bush's fault.

I think that Bush's response to both instances kept the
economy from considerably worse performance. And I can say
that without revising history or ignoring significant
relevant facts.