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Bush says the 96K Sept. jobs = "proof his tax cuts have bolstered job mkt"

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Bush_Eats_Beef Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:07 PM
Original message
Bush says the 96K Sept. jobs = "proof his tax cuts have bolstered job mkt"
http://www.foxnews.com/story/0,2933,134839,00.html

The unemployment report (search) — the last to be released before Election Day — provided fresh fodder for the campaigns. Unemployment held steady at 5.4 percent but job creation was lower than expected.

Bush cast the addition of 96,000 jobs as proof his tax cuts have bolstered the jobs market and the economy overall, while Kerry pointed out that the country has seen a net job loss under the Bush administration, a first since the Depression.

On the day the report came out, Bush's campaign unveiled an advertisement for national cable networks that touts "nearly 2 million jobs in just over a year," resulting in "nearly 2 million more people back working," and "nearly 2 million more people with wages."

Kerry called the number "disappointing" and contended that even the jobs that have been created under Bush pay less and offer fewer benefits than those that have been lost. "The president does not seem to understand how many middle-class families are being squeezed by falling incomes and spiraling health care, tuition and energy costs," he said in a statement.
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tuvor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:09 PM
Response to Original message
1. Always first to take credit, and last to assume blame.
That's my bush!
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rocktivity Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:09 PM
Response to Original message
2. Don't you have to create 150K jobs per month just to break even?
Edited on Fri Oct-08-04 05:10 PM by rocknation
:shrug:
rocknation
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Trajan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:11 PM
Response to Reply #2
3. Thats what I thought ....
you need 150,000 new jobs every month to account for newly employable citizens entering the marketplace ...
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sonicx Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:22 PM
Response to Reply #2
11. 150k to break even. 250k for real recovery.
bush should have listened to his econ prof in college.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:11 PM
Response to Original message
4. Round 14 months down to 12, and jobs up to 2 million - YEP - that's TRUTH
:-)
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tomfodw Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:12 PM
Response to Original message
5. Except, he's forgetting his own promise
He said in 2002 that more tax cuts would accelerate job creation to over 300,000 per month. If that had happened, there would be about 4.5 million new jobs created. Instead, we have a net loss of about 900,000 (although that is net for his entire presidency, not since the start of 2003).

Will anyone dare call the president to account for this broken promise?
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:12 PM
Response to Original message
6. And the 2 million that have left the labor force since July alone???
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displacedtexan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:14 PM
Response to Original message
7. I'd laugh if this weren't so tragic for so many families.
Fact:

It takes 150,000 jobs per month to keep up with new workers entering the job market for the first time.

Fact: The population has increased dramatically since the 1970's-- the time that repukes are quoting today when they claim that more people are working today than in the 70's.
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xrepub Donating Member (141 posts) Send PM | Profile | Ignore Fri Oct-08-04 05:17 PM
Response to Reply #7
10. Another fact
Job creation during bush's best 12 months was less than during Clinton's worst 12 months.
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creeksneakers2 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:15 PM
Response to Original message
8. Bush was given record low interest rates
for his entire term. The economy should be screaming.
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 05:16 PM
Response to Original message
9. AND, if the trend continues
these numbers will be revised AFTER the election to 75 or 80,000.
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