Politics > Politics-USA > Now Bushies say --- Um..new jobs? well....we're....really..not...that..sure. Ask us next year.
| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
18 Feb 2004 09:25:03 AM |
| Object: |
Now Bushies say --- Um..new jobs? well....we're....really..not...that..sure. Ask us next year. |
From The New York Times, 2/18/04:
http://www.nytimes.com/2004/02/18/politics/18JOBS.html?ex=1077685200&?en=bf5569c5fea9fce6&?ei=5062&?partner=GOOGLE
Bush Officials Offer Cautions on White House Jobs Forecast
By EDMUND L. ANDREWS
RICHLAND, Wash. --
Treasury Secretary John W. Snow distanced himself on Tuesday from the
Bush administration's official prediction that the nation would add
2.6 million jobs by the end of this year.
That prediction, which is far more optimistic than that of many
private sector forecasters, was part of the annual economic report
released last week by the White House Council of Economic Advisers and
was immediately echoed by Mr. Bush himself.
But on a tour through Washington and Oregon to promote the president's
economic agenda, Mr. Snow and Commerce Secretary Donald L. Evans both
declined to endorse the White House prediction and cautioned that it
was based on economic assumptions that have an inherent margin of
error.
"I think we are going to create a lot of jobs; how many I don't know,"
Mr. Snow said, adding that "macroeconomic models are based on a lot of
assumptions" and are "not without a range of error."
Unemployment and the nation's surprisingly sluggish pace of job
creation has become a significant political weakness for Mr. Bush, who
is on track to be the first president since Herbert Hoover to end his
first term with fewer jobs than when he started.
The nation has lost about 2.5 million jobs in the last three years,
and job loss has been acute in the Pacific Northwest.
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More Bushie razzle dazzle.
Harry
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