SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (1514)2/10/2004 9:31:22 PM
From: mishedlo  Respond to of 173976
 
Bush plan would need up to 5mln jobs
Asked whether the administration was really forecasting 5 million new jobs in 2004, a senior administration official speaking on condition of anonymity told us to read Footnote One very carefully.

Footnote One explains that the White House forecast is based on information available to its economists on Dec. 2, a few days before the November jobs report was released.

Asking us to rely on Footnote One means the White House no longer believes the forecast it just released.

Footnote One says, in essence, that the White House doesn't want to be judged on what will happen between now and December, but by events that took place in an alternate universe in which job growth was robust in November, December and January.

So let's grant the White House its wish. Let's back up to December and see what the forecast implied when it was written.

Back then in December, the jobs picture looked quite a bit rosier than it does now.

cbs.marketwatch.com{F0542557-91DC-4D0C-8033-A1E9BBE67CC6}&siteid=bigcharts&dist=bigcharts&