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Sunday, April 04, 2004

300,000 down 2,700,000 to go 

Alert reader Hobson points us to the following post by MaxSpeak (and it would sure be nice if the DNC was faxblasting stuff like this. Like they're paid to do.)

The question is WHEN, or HOW RAPIDLY. In January of 2001, the Bushies implied a return to trend that required over 300,000 new jobs a month. This month's is the first report that overcomes that hurdle. In terms of job accumulation over the past year, we are still way behind.

The problem with some conservative commentary is this:

If the job prediction was noithing more than a return to trend, then the White House was practicing hokum by implying that this return to trend depended on their tax cuts.

If the job growth they predicted was nothing more than a return to trend, then the tax cuts are ineffectual in producing jobs, since all we're doing is getting back to trend.

If the household survey is more accurate because it captures all those magical job gains in self-employment and entrepreneurial pastimes, then this month's report stinks badly.
(via MaxSpeak)

Don't confuse us with facts! Bush knows! So that that we may believe!

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