Our blogs about
America's Wars
War on Iraq
War on Drugs
War on Afghanistan
War on Columbia
War on Philippines
War on Venezuela

MORE
Matrix Masters
Blogs
World Events
Katrina's Aftermath
US News
Bush Crime Family News
Science & Health
Earth News
Free Speech
News from Africa
News from Palestine
Bill of Rights Under Attack

Support Bloggers' Rights!

Lorenzo's
Random Musings
. . . about Chaos,
Reason, and Hope

 

Job Losses at Level of Great Depression Contradict President Bush's Wishful Predictions
(Misleader.org, September 29, 2003)
Instead of creating 510,000 jobs in 2003, as President Bush predicted, the Republican-led economy has suffered a net loss of 473,000 jobs so far this year. . . . The President sold his tax package last spring as a mechanism to create jobs, saying, "[T]he best way to create demand for goods and services is to let people have more of their own money . . . that's why tax relief is important in the year 2003 . . . [T]hat's what the whole purpose of the package is, to create the conditions for job growth." . . . His promises haven't borne out, but the President has tried to ignore the reality, claiming most recently two weeks ago in Michigan, "I'm sure the numbers are beginning to look better." . . . So far, however, economic growth has not translated into jobs. In the past 22 months just over one million Americans have lost their job. Added to the 1.78 million lost jobs during the seven-month recession, the period represents the largest sustained loss of jobs since the Great Depression.

posted by Lorenzo 10:54 AM