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Thursday, March 11, 2004

Greenspan comes out for Bush 

Not really. Or maybe not, not really.

Wading into an election-year issue, Greenspan told a House committee that current anxiety in America over the loss of U.S. jobs to low-wage countries was understandable, given the weak job growth the country has experienced since the 2001 recession and the two years of a jobless recovery since that time.

However, he said the nation had reason to be more optimistic that job growth will rebound in coming months.

"As our economy exhibits increasing signals of recovery, jobs loss continues to diminish," he said in testimony to the House Education and Workforce Committee. "In all likelihood, employment will begin to increase more quickly before long."

Since President Bush took office in January 2001, the country has lost 2.2 million jobs.
(via AP)

I still don't understand why we don't outsource the CEOs. We never see them anyhow, so what does it matter if they're in India?

And let's outsource that toothless old whore Greenspan too, while we're at it. The Fed is supposed to be independent, not an arm of the RNC. He's already aided the ongoing heist of Social Security, and now this.

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