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

To: tonto who wrote (24442)	5/21/2004 4:36:57 PM
From: Mark_H	Read Replies (1) \| Respond to of 81568

Stop clouding the board with facts....<g>

To: tonto who wrote (24442)	5/21/2004 6:00:31 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 81568

I do not know how Time magazine calculated that number, but they must have bent over backwards and twisted halfway to the side ... <G>. During the first year of Bush's term, the economy lost 1.894 million net jobs. At the worst (August, 2003), the economy lost 2.599 million net jobs. That means 72% were lost in Bush's first year. The numbers are slightly different for private sector jobs, but the answer is still 72%. The criticism of Bush is not for the recession in his first year, but the poor recovery that is partially attributable to his policies. That is why a number of prominent economists (including Ten Nobel laureates) wrote Bush warning "that the tax cut plan proposed by the Bush administration will not only fail to help the economy in the short run, but will also weaken it over the longer term by deepening projected deficits." The poor performance of the economy is no surprise given Bush's policies. epinet.org