Bush team retreats from job-growth forecasts.

[damnraddem]

Ain't my fault, whines Dubya: http://www.msnbc.msn.com/id/4303329/.

>"... the forecast was the work of number-crunchers and that President Bush was not a statistician."

Will the Bushistas now retreat from Iraq invasion, saying "the invasion was the work of the military and the president is not a warrior"?

Hey, what an out. Well, no one accused Dubya of stopping the buck here, or anywhere else other than in the pockets of his rich friends.

[RobertSeattle]

1. Bwak Bwak Chickenhawk

Not one economic prediction by this Administration has come even remotely true.

[GainesT1958]

2. I guess all the eggs tossed at them from the "Free-Speech Zones"...

Over Mankiw and Dub extolling the virtues of massive job "out-sourcing" kind of gave 'em pause, huh?

That, and:

1) A dramatic decline in housing starts last month;

2) Virtually no real job growth last month;

3) The pending May "early" auction of T-Bills (30-year T-Bills after only 25 years) to raise money;

4) The "Wake" for Dub's Budget on Capitol Hill...

Plus, they don't want to make things look too rosy for their likely successors next year! :eyes:

B-)

[nadinbrzezinski]

3. Hey lets give them credit where credit is due

At least Hoover II's team is backing off, even if Hoover II is still
believing in whatever snake oil they are pedling.

Now this makes me wonder if they know that the whole house of cards
is about to come down Great Depresion style.

Oh and for those looking for paralels in our history... the last time
we elected a bona fide East Coast Patrician, (who had quite a bit of money, family money) was 1932... we all remember him as FDR.

It hit me today, since Kerry has the same kind of a family history... and fortune.

[saltpoint]

4. Dubya has presided over a volatile economy --

-- which isn't likely to improve much any time soon.

He's presided over the worst national security crisis in our history and I have a feeling the terruh-ists aren't going to chill out any time soon either.

Even a few Republicans are beginning to see that their boy is on the wayout.

Democrats bury the GOP in 2004.

[pinniped]

5. Well what are the 3.8m people gonna do now?

Is he going to authorize unemployment benefit extensions?

Guess not, no dinero.

[wabeewoman]

6. Josh Marshall has a great take

on this at www.talkingpointsmemo.com
Some mumbo-jumbo just turns out to be ... well, too mumbo. This from CNN ...

"The White House backed away Wednesday from its own prediction that the economy will add 2.6 million new jobs before the end of this year, saying the forecast was the work of number-crunchers and that President Bush was not a statistician.
I think we'd all agree to that last point. But can he hire one?

Embarrassing. The bloom is really coming off this rose.

The credibility account is close to overdrawn.

Drip, drip, drip."

[Moderator]

7. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=371403