Soups lines caused by President Bush's tax cuts for the rich.
Posted on 02/03/2006 6:02:51 AM PST by new yorker 77
On August 1, 2003, Nancy Pelosi asked a question: “Where are the jobs Mr. President?”.
Of course you have to have had selective amnesia to make such a statement. The Market Crash of 2000, The Clinton Recession, The 9-11 Attacks, and the Cost of Waging a War on Terror all affected the job market.
Nancy Pelosi Press Release on August 1, 2003. Where Are the Jobs, Mr. President?
Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
"The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
"Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
"According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
"It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few."
I’m here to answer San Fran Nan’s question.
In August 2003, the Unemployment Rate was 6.1%.
2003
Sep.: +94,000
Oct.: + 123,000
Nov.: + 96,000
Dec.: +83,000
Sep.-Dec.: + 396,000
2004
Jan.: + 117,000
Feb.: + 94,000
Mar.: + 320,000
Apr.: + 337,000
May.: + 250,000
Jun.: + 106,000
Jul.: + 83,000
Aug.: + 188,000
Sep.: + 130,000
Oct.: + 282,000
Nov.: + 132,000
Dec.: + 155,000
2004: + 2,194,000
2005
Jan.: + 124,000
Feb.: + 300,000
Mar.: + 122,000
Apr.: + 292,000
May.: + 126,000
Jun.: + 175,000
Jul.: + 277,000
Aug.: + 148,000
Sep.: + 17,000
Oct.: + 25,000
Nov.: + 354,000
Dec.: + 140,000
2005: + 2,100,000
2006
Jan.: + 193,000
2005: + 193,000
4.9 Million Jobs Since the Pelosi Rant. In January 2006, the Unemployment Rate was 4.7%.
worst economy since the great depression !
it's all Bushes fault !
*rolls eyes*
Thanks and bump for my rat friends
Isn't it interesting that right after the tax cut went into effect, the jobs suddenly materialized?
And who was it who delayed the tax cut? Tom Daschle and Nancy Pelosi.
Yeah, but ... none of those jobs pay well. That's the ticket!
Soups lines caused by President Bush's tax cuts for the rich.
So, now the report says the numbers of jobs creted are not that great. Duh, as the unemployment rate goes down the numbers will get smaller until you get to zero.
I heard yesterday - the economy isn't in good shape - it is just people borrowing against their houses to buy stuff. I believe that is a better scenario than a short-term stock surge brought on bought by false expectations for corrupt and stupidly conceived businesses. Otherwise known as Clinton's miracle economy.
These statistics would be much more meaningful if they carried back to the beginning of the Bush Presidency. I certainly don't blame him for the recession that had clearly begun before he took office and was almost over when he was sworn in but an accurate accounting would still begin in 2001. It is disingenuous to count the 4.9 million created since 2003 without also counting the 2 million lost in the first two years.
The entire purpose of this post is to highlight the inept statement of Nancy Pelosi made in August 2003.
If you can not understand that, then you are much too obtuse to label fellow freepers disingenuous.
There are those who refuse to understand the credit aspects of our economy. They will decry consumer credit and deficit spending, though both are well within safe limits and give people flexibility and leverage.
IF we were dealing with real people and not moveon autonotrons, "4.9 Million Jobs Since Pelosi asked, "Where Are the Jobs, Mr. President?" would work. We're not so it will fall short.
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