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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (18213)	4/26/2004 9:01:24 PM
From: bentway	Read Replies (1) \| Respond to of 81568

<The majority of the job loss occurred immediately following 9/11.> This isn't correct. We all know know that we need to create 150,000 jobs every month just to break even with new demand for jobs. The Bush economy, despite tremendous tax-cut stimulus to the wrong people, has just recently begun producing jobs. Of the 308,000 jobs in the last jobs report, 296,000 were temporary or part-time jobs. All those uncreated jobs over all those months are what add up to the 2.5 million job deficit.

To: Bearcatbob who wrote (18213)	4/26/2004 9:10:39 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 81568

Here are the stats (private sector jobs): Bush took office: 111,560,000 Nov, 2001 (end of recession): 109,535,000 Mar, 2003 (12 months ago): 108,305,000 NOW: Mar, 2004: 108,975,000 In the last 12 months, the economy has added 670,000 jobs. That is a start, but it is way below normal growth, due to the expanding working population, of 1.7 Million or so per year. This is especially pathetic when you consider the size of the deficit over the last 12 months (actual = $674,967,714,429.80 to the penny!) We could have hired 2 Million teachers, cops, etc. for $50K a year each for just $100 Billion and still had another $574 Billion to go! This is not an economic proposal, but it illustrates the size of the deficit spending issue. You ask: "What are you going to say if the economy is strong and growing in November?" That is a hypothetical that I will address when we get to October! But let me say: In 2000, it was obvious that the bubble was bursting and that we would have a recession. The level of employment was probably unsustainable. So it is no surprise that Bush's term got off to a bad start. However, I think the economy is in much worse structural shape today. In deeply technical terms, our National balance sheet stinks.