1,111,600 new jobs before 10/31/04 or Bush is "Hoover the Second"

[Bush_Eats_Beef]

372,000 per month for the next three months. No more "32,000 jobs." 372,000 x 3 months = 1,111,600 jobs, or Bush WILL be the first president in SEVENTY ONE YEARS to experience a net job loss on his watch. You'll be able to tell your grandkids about this one, folks...90 days in the life of a man who has painted himself into a corner.

Excerpts from the Washington Post story are below.



http://story.news.yahoo.com/news?tmpl=story&cid=1802&e=1&u=/washpost/20040807/ts_washpost/a46654_2004aug6

Recent economic news has ratcheted up pressure on Bush to be bold. The economy generated 32,000 jobs in July, far short of economists' expectations. The Dow Jones industrial average slid 324 points this week to the lowest point of the year, closing Friday 772 points below its position when Bush took office.

Payroll jobs remain 1.5 million short of where last winter the White House said they would be by now. To avoid being the first president since Herbert Hoover to preside over a net job loss, Bush must hope for 372,000 new jobs a month in August, September and October.

Yesterday's jobs report took administration and Bush campaign officials by surprise. Bush's aides had been expecting a number that several called "decent." Bush officials had been reveling in Kerry's failure to make notable gains in polls after last week's Democratic convention. The jobs number abruptly ended the celebration.

:toast:

"I don't think the tax cut has run out of steam; I just think we've run into a lot of head wind," said Pamela Olson, who was assistant Treasury secretary for tax policy when last year's tax cut was formulated. "All those things are weighing down on moving forward in as robust a fashion as we had hoped."

[Tarheelhombre]

1. Uh, actually it has to be before September 30, 2004..

If he made up the jobs in October, we wouldn't know about it until well after the election. We only have two more jobs reports before teh election.

[Zing Zing Zingbah]

2. Like the picture..

neat effect.

[Dogmudgeon]

3. That's a slander on Hoover

He did have his good points, after all.

He helped rebuild Europe after WWI when it was thought Europe was soon to revert to being a vast forest.

What has Bush ever done for the world?

--bkl

[Zynx]

11. Hoover also told Hitler to fuck off in a private meeting.

I think it was in 1937 or 1938 when Hoover was in Berlin he was told to meet with Hitler by our embassy. He did and when he mentioned the word "Jew", Hitler went off on a rampage. Hoover couldn't take it and told Hitler to sit down and said "That's enough! I'm not interested in your views.". Bush has never done anything like that.

[Dogmudgeon]

4. Incidentally,

That's an excellent picture.

--bkl

[Bush_Eats_Beef]

5. Thank you

Out of all of the ones I've done, it is probably the one that best sums up my attitude toward Kerry and Edwards. When they win I think I will mail a copy to the White House...

:-)

[Bush_Eats_Beef]

6. Welcome to DU, Tarheelhombre and babyreblin!

A toast, and a salute!

:toast:

[Protected]

7. Actually, he has until January... right?

;) Of course only the jobs created up through September are going to matter for the election. In October I suppose it would be possible to announce 1,000,000 jobs created in September and then revise the figure down in the October jobs report (which will probably come out after the election.) Bush's folks seem dumb enough to do something like that. :bounce:

[Lefty48197]

8. He's worse than J. Edgar AND Herbert.

That's a twofecta.

[kwolf68]

9. And just think

He is doing this with billions of dollars of debt, basically money that does not exist, fueling billions into the military-industrial complex and back into the economy "via budget busting tax cuts."

The economy is actually WORSE than what we perceive.

[DeepModem Mom]

10. kick