In other words: A discussion of The Bush Administration
Turning the corner into a blind alley
From the Bureau of Labor Statistics
Percentage of Americans employed 16 years are older.
Given that these percentages are out of 209 Million people even a .1% change in employment is hundreds of thousands of people.
Now Bush likes to say that before 9/11 the economy thanks to his leadership was "turning the corner" but these numbers (and other numbers that are a more accurate judge of that because employment figures always lag a little) don't show it.
Yes 9/11 was another hit to the economy, but immediately being followed up by Enron, Worldcom, etc. made its effects last a bit longer. But that was almost three years ago. Why no recovery?
Look at the numbers is 1994... that was a pretty bad point, but look how fast it turned around. Look at the 1996 numbers, this was before the "internet" boom that people use as a way to say that the Clinton economy was based on smoke and mirrors (and lets look at the "internet" boom numbers 64.6%!... that's millions more people working then when compared to now... surely they weren't all bike messengers for Urban Fetch.
Bush says we are turning the corner. Where does this corner lead us to? The same damn road?! We need a new driver.
- rob 3:04 PM - [PermaLink] -
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