Bush Backs Off Forecast of 2.6 Million New Jobs

[NNN0LHI]

http://story.news.yahoo.com/news?tmpl=story&cid=544&ncid=703&e=2&u=/ap/20040218/ap_on_go_pr_wh/bush_jobs

WASHINGTON - President Bush (news - web sites) distanced himself Wednesday from White House predictions that the economy will add 2.6 million jobs this year, the second embarrassing economic retreat in a week and new fuel for Democratic criticism.



"Now they're already walking backwards on their own predictions," Democratic presidential front-runner John Kerry (news - web sites) said in Ohio, where unemployment has risen from 3.9 percent to 6 percent since Bush took office.


The jobs controversy came on the heels of White House economist N. Gregory Mankiw's assertion that "outsourcing" American jobs overseas was good for the U.S. economy in the long run. Bush, House Speaker Dennis Hastert and other Republicans quickly disavowed Mankiw's remarks, and the economist had to apologize for a "lack of clarity."


Jobs are a sensitive political issue for Bush as he fights to keep his own job in a second term. The economy has lost 2.2 million payroll jobs since Bush took office, the worst job-creation record of any president since Herbert Hoover.

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[Karenina]

1. In the famous wors of Gomer Pyle...

"Surprise, surprise!"

[xXx]

3. surprise indeed

He's backed off of Iraq intel, he's backing off his job forecasts. Dude should back up OUT of the white house and save us the trouble. Too bad for him it's so much fun to watch his self-destruction.

[Womblestuffer]

11. This is what you get when the senate majority and the house majority

consumate their unholy alliance, George Walker Bush

[TacticalPeek]

14. Or

Bush + Dick = F****d

[cprompt]

15. and

we are shocked because?????

[rexcat]

2. He should be held accountable on this one...

Who ever gets the Democratic nod should pound this one into the ground during the debates and on the campaign trail. Bush is totally out of touch with America!

On edit: He should be held accountable for a lot of things, not just this one but this one is just to ripe to leave off the table.

[lancdem]

4. I love that line about Bush and Herbert Hoover

Ouch!!!

[David Zephyr]

5. I Guess His "Fuzzy Math" Calculator Is Broken.

What a dweeb.

[0007]

10. I distinctly heard John Snow say 3.7 million jobs would be created

...and they even water that one down, 'eh?

[Womblestuffer]

12. water?? it would take the pacific to water down the expectations of

this evil administration

[xray s]

6. that prediction will come back to bite Bush in his ass

can't wait to see the ads next October.

[dweller]

7. hmmm....so i guess this means

any day now we'll read the report of another, oh let me just guess, 488,000 jobs lost?

ya gotta remember, when they say peace, it means war, light=dark, etc, etc.

peace, truly,
dp

[Malva Zebrina]

8. that is a pretty high unemployment rate

six percent up from three point nine. It will only go up because I see no new jobs on the horizon. Where will these people go? INto the police and fire department? I understand there is a moratorium in hiring for those jobs also. Medical field? Well you can get into hock taking out a loan to pay for that education--where would that come from and how long after you get a job will you be paying for that education?

This place is in a mess, thanks to George.

What is next?

[stepnw1f]

9. I see a few million people marching to Washington

and dragging their sorry asses out of the White House.

BTW - unemployment rate projection is 9%

[TacticalPeek]

13. Ex-Treasury Sec Paul O'Neill must enjoy watching Snow melt, heh heh.

I'll bet O'Neill recognizes this as another dropping from the 'Nobody Home' mind of the quitter pilot president.

And Mankiw's 'lack of clarity'! LOL!

He should have said "I could say that 'outsourcing' American jobs overseas was good for the U.S. economy in the long run . . . but that would be wrong." winkwink . . . nudgenudge.

The Gang That Couldn't Lie Straight.

[Moderator]

16. Duplicate

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