In other words: A discussion of The Bush Administration
Des Moines Register Spells out the obvious
Admit it: tax cuts have failed to create jobs
The American public has heard it over and over the past three years: Cut taxes and job growth will ensue. The Bush administration has repeatedly pushed the theory that cutting taxes would result in more jobs and better pay for average Americans.
The opposite has happened. The jobs aren't there. American workers are making fewer dollars, on average. So it's time to get honest about the best way to create jobs in this country and change strategies to accomplish that goal.
There are 1 million fewer jobs today than there were when President Bush took office. Last month, employers created about 32,000 jobs, not even enough to provide work for the new people entering the job market as population grows. It's one-tenth of what would be needed on a monthly basis to meet the early promises of the Bush administration.
Private-sector incomes are down. Accounting for inflation, hourly wages are down 1 percent since late last year.
- rob 1:48 PM - [PermaLink] -
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