Rosa Richardson lives less than 10 miles from the White House, but after spending more than a year looking for work, she has little faith in the economic policies of the Bush administration.
“BUSH IS SAYING the economy is on a swing to turn around - I cannot see it,” she said in a telephone interview. “It’s easy for him to say because he is not unemployed, and he has plenty of money — and his father has plenty of money.”
At a news conference Wednesday, President Bush expressed confidence that the economy would continue to grow “over the next 18 months.”
“We’re beginning to see hopeful signs of faster growth in the economy, which over time will yield new jobs,” Bush said. “Yet the unemployment rate is still too high. We will not rest until Americans looking for work can find a job.”
A trickle of data this week has raised hopes that perhaps the economy is picking up steam, but few economists expect that to translate into many more jobs soon. The government reports July employment data Friday, and on average analysts estimate the economy added 18,000 jobs last month, according to a Reuters survey. Although that would constitute an extremely weak performance for an economy which technically has been expanding since late 2001, it would be an improvement after a streak of five straight months of job losses.
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