JoseCuervo
New member
Let's keep everybody busy watching us hunt for two-bit dictators in Bananna Republics around the world, while not noticing your neighbor is out of work....
BUSH PROMISED MILLIONS OF NEW JOBS
Bush promised his 2001 tax cut would create 800,000 new jobs. Then he said his 2003 tax cut would create 1 million new jobs. This year he said he would create 2.6 million jobs by the end of this year, but took it back after his economic advisors said that was an impossible claim. Instead, under Bush:
Nationally, 2.9 Million Jobs Lost; Unemployment Rate Up 33 Percent. The national unemployment rate in January 2004 was 5.6 percent, up from 4.2 percent when Bush took office in January 2001 - a 33 percent increase. Nationally, the economy has lost 2.9 million private sector jobs under Bush. [Bureau of Labor Statistics, http://www.bls.gov]
Nationally, Nearly 2.8 Million Manufacturing Jobs Lost Under Bush. The manufacturing industry has lost 2,787,000 jobs nationwide since Bush took office in January 2001. Employment for this key sector of the American economy is at its lowest level since October 1958. Of the 2.9 million private sector jobs lost under Bush, manufacturing losses account for 95 percent. [Bureau of Labor Statistics, http://www.bls.gov]
Nationally, Workers’ Wages and Salaries Are Stagnant. In the third quarter of 2003, America's gross domestic product surged at a rate of 8.2 percent and corporate profits grew at an annual rate above 40 percent. But during this same period, wages and salaries grew by less than 1 percent. Furthermore, in the six months that ended in November 2003, income from wages rose just 0.65 percent after inflation. [Department of Commerce, 12/23/03; New York Times, 12/31/03; Charleston Gazette (West Virginia), 1/2/04]
Nationally, 3.5 Million More Americans Have Fallen Into Poverty Under Bush. In 2002, the number of Americans living in poverty increased to 34.6 million. Three-and-a-half million more Americans live in poverty under Bush. For 2002, a family with two parents and two children lives in poverty if their total household income is below $18,244. [Census Bureau, Poverty in the United States: 2002, Table 4, www.census.gov/hhes/www/poverty.html;Bureau of Labor Statistics, http://www.bls.gov]
White House Report Celebrated Loss of U.S. Jobs to Outsourcing. Under the headline “Bush Supports Shift of U.S. Jobs Overseas” the LA Times reported that the Bush Administration “embraced foreign outsourcing, an accelerating trend that has contributed to U.S. job losses in recent years.” The Administration made the announcement even as analysts predict “as many as 2 million more U.S. white-collar jobs” will be exported at a time when eight million are already out of work. When asked whether the White House’s top economic advisor who touted outsourcing should resign, the Administration said the mere suggestion was “laughable.” [Source: LA Times, 2/10/04; Reuters, 12/30/03; Hastert release, 2/11/04; CNN, 2/11/04]