|
"Administration officials can point to the creation of some 1.8 million new jobs in the past year."
ok, that's 150k/month. i thought we needed about 250k/month to keep even with new people entering the workforce? that would be 3 million jobs for the year which means that the economy barely created half as many jobs as needed.
"Bush fired his first treasury secretary, Paul O'Neill, in December 2002 after O'Neill questioned the need for a fresh round of tax cuts. Lawrence Lindsey was forced out at the same time as director of the president's National Economic Council after suggesting that a war with Iraq and the aftermath could cost $100 billion to $200 billion, which turned out to be a little on the low side.
So far, Snow has proved wrong forecasts of an early retirement and is serving as top cheerleader for Bush's handling of the economy."
hmmm, i thought they tried to replace snow at the beginning of the year, but they couldn't get any takers for the job. anyone else remember that?
|