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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (536613)	2/6/2004 3:29:35 PM
From: J_F_Shepard	Respond to of 769670

re:"The purpose of Krugman’s column was to debunk all of this good news. He advanced the argument that the current "so-called boom" is illusory, notwithstanding the flood of data to the contrary. The heart of Krugman's argument is contained in this paragraph" Todays story seems to show Krugman was right on target.... story.news.yahoo.com U.S. Job Growth in January Disappoints Fri Feb 6,12:18 PM ET Add Business - Reuters to My Yahoo! By Anna Willard WASHINGTON (Reuters) - The U.S. economy created just 112,000 new jobs in January, far fewer than expected, government data showed on Friday in a disappointing report that will likely weigh on President Bush (news - web sites)'s re-election campaign.... .... The weak labor market is expected to be a major issue among candidates in the presidential election. Since Bush took office, 2.2 million jobs have been lost and his opponents say his economic policies have helped the wealthy and done little to create jobs. Many of the new jobs in January came from a 76,000 increase in the retail sector. The Labor Department said that was because some retailers took on fewer employees than expected in November and December for the holiday season. This meant they did not shed as many afterwards, affecting the seasonal adjustment factor. The troubled manufacturing sector cut jobs for the 42nd month in a row, despite some signs of a revival in factories seen in other economic data. story.news.yahoo.com