CNN senior business correspondent: Bush excuses for unemployment rate 'ridiculous'

[Amerigo Vespucci]

CNN reporter: Bush excuse for unemployment rate 'ridiculous'
David Edwards
Published: Friday June 6, 2008

During an economic speech today, President Bush partly blamed a dramatic rise in unemployment on new workers entering the workforce. Later, in a CNN interview, Bush Labor Secretary Elaine Chao also said that the increase the unemployment rate was "caused in part by a surge of young entrants into the job market."

CNN senior business correspondent Ali Velshi weighed in that Bush administration excuses for the poor economy were "ridiculous." Velshi explained, "I just wish they wouldn't say that. President Bush said something earlier about how the unemployment rate today -- the increase -- was because a whole bunch of teenagers have joined the workforce, that's the point. 100,000 people join the working age working force every month. If we don't create 100,000 jobs every month, we're not doing the right thing."

This video is from CNN's Newsroom, broadcast June 6, 2008: http://rawstory.com/news/2008/CNN_reporter_Bush_excuse_for_unemployment_0606.html

226 days 9 hours 42 minutes 40 seconds

[lame54]

1. And I bet they're all Obama voters

[CanonRay]

3. Especially the ones who can't find jobs!

[wishlist]

2. Mainstream media has said that young people out of school caused rate jump

I doubt that young people graduating from school and beginning their first job searches even get captured in the unemployment numbers. It's not like they all register with their local unemployment office as soon as they graduate when they haven't found full time work yet.

[Top Cat]

4. Bush excuses for unemployment rate 'ridiculous'

This is total bulls--t. Bush needs to take his meds and give the millions of unemployed including me who cannot find work. The resources are limited and if you are educated the pool of jobs are even smaller. TOO HELL WITH GEORGE BUSH! No wonder his approval rating is the lowest in history. McCain has trouble moving into the general with some much pain being giving to the American people by the GOP. This is one of the million of reason Obama will be th next president Change is needed.:evilfrown:

[Berry Cool]

5. "Well, if these young folks would just accept a job with their daddy's company when they gradiate,

well then, they'd be employed raht away, and we wouldn't have this unemploymint PROB-LEM ever' summer..."