Argh, I hate all these articles that blame job loss on Bush. I'm not trying to defend the guy, but the D's need to dig deeper to get better arguments. First of all, did you know that 40% of all the job losses today came within 90days after 9/11?? Second, and something that is rarely reported is that the baby boobmers are retiring. That means that the employment to population ratio is going to go down naturally! Lastly, there's this thing called the business cycle, it's independant of the sitting president. Check it out:
Mspin, i posted this article as the response to darthdogbert's post a few days back about how Bush has rebounded the economy and DDB's belief that the advertisement by the dems/showusthejobs.com is not of much concern. Im not quoting his article though, as his post has since been removed.
Political speaking the numbers sound bad, but put into context, it's really kind of amazing that Kerry has been able to spin that the economy is in bad shape. Since it's voters perspective that makes reality rather than the truth, the Dems have done a good job on this front.
From a purely business perspective however, the economy is doing just fine. Unemployment is lower than average for the last 30 years, and most economist would say that unemployment of about 6% represents full employment (in business there are two generally accepted principals that a) some unemployment is good, and b) there is a certain percentage of the population that is not employable).
The unemployment rate at the end of Bill Clinton's first term was about what it is today. It's funny that at the time, CNN's Lou Dobbs said that Bill Clinton's chances for re-election were great since unemployment stood at "an already low 5.6%". Funny how he spins it to make that number sound bad today.
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From a purely business perspective however, the economy is doing just fine. Unemployment is lower than average for the last 30 years, and most economist would say that unemployment of about 6% represents full employment (in business there are two generally accepted principals that a) some unemployment is good, and b) there is a certain percentage of the population that is not employable).
The unemployment rate at the end of Bill Clinton's first term was about what it is today. It's funny that at the time, CNN's Lou Dobbs said that Bill Clinton's chances for re-election were great since unemployment stood at "an already low 5.6%". Funny how he spins it to make that number sound bad today.
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