Yes. Slowest Pace of Job Creation Since the 1930s
* The Bush Administration is the first in over 70 years to experience no net private sector job creation. (U.S. Department of Labor, Bureau of Labor Statistics)
* The current employment upturn is shaping up to be the weakest of modern business cycles. By this time during the recession of the early 1990s, the economy had already generated 6.8 million new jobs. Under the Bush Administration, fewer than 2.5 million new jobs have been created since the last recession ended in November 2001. (Long Road to Zero, Center for American Progress, 6/2/05)
* The overall unemployment rate remains above 5 percent, with 1.6 million more unemployed Americans now than at the start of the Bush presidency.
* Long-term unemployment has more than doubled to 1.53 million Americans during the Bush Administration. The Labor Department%26#039;s latest report showed that one in five unemployed persons are out of work for more than 26 weeks. (U.S. Department of Labor, Bureau of Labor Statistics)
Five Years of Failed Republican Leadership: Manufacturing Jobs in Steep Decline
* A total of 2.8 million jobs have been lost in the manufacturing sector since President Bush took office. (U.S. Department of Labor, Bureau of Labor Statistics)
* Manufacturing jobs represent 11 percent of U.S. non-farm employment, but have accounted for about 120 percent of jobs lost during the Bush Administration. (U.S. Department of Labor, Bureau of Labor Statistics)
* Manufacturing employment is now at the lowest level in 50 years. (U.S. Department of Labor, Bureau of Labor Statistics)
* The downward trend continues with factories cutting employment in eight of the last nine months (U.S. Department of Labor, Bureau of Labor Statistics) and General Motors announcing plans to eliminate at least 25,000 manufacturing jobs in the United States by the end of 2008. (Bloomberg, 6/7/05)
Republicans Do Nothing As U.S. Jobs Move Overseas
* Overall private sector employment was hurt by job losses at U.S. multinational companies who shifted more jobs to their overseas operations.
* These firms reduced their U.S. workforce by 2.1 percent in 2003, following a 3.0 percent reduction in 2002 and a 4.1 percent reduction in 2001. (Bureau of Economic Analysis, April 2005)
* At the same time, employment at their foreign affiliates based overseas increased by 1.2 percent in 2003, following a 1.0 percent increase in 2002 and a 0.1 percent increase in 2001. (Bureau of Economic Analysis, April 2005)
Majority of Americans Continue to Say Jobs Are Hard to Find
* According to the Pew Research Center, the percentage of Americans expressing that jobs remain hard to find in their communities rose from 55 percent in August 2004 to 60 percent in May 2005. (Economic Concerns Fueled by Many Woes, Pew Research Center, 6/1/05)
* While lower-income workers are most troubled by job shortages, nearly half of those with household incomes greater than $75,000 a year said that jobs are scarce. (Economic Concerns Fueled by Many Woes, Pew Research Center, 6/1/05)
* Seventy-one percent of Americans believe the job situation is a very big or big problem. Only 18 percent of the public believe that national economic conditions a year from now will be better than they are currently, a decline from 36 percent in August 2004. (Economic Concerns Fueled by Many Woes, Pew Research Center, 6/1/05)
Income Disparity Rising With Record Bonuses for Corporate Executives and Shrinking Wages for the Rest of America%26#039;s Workers
* Average salary increases for executives at the top of the pay scale rose by 5 percent in 2004. Average bonuses however, jumped by 17 percent. (Towers Perrin, May 2005)
* CEOs at petroleum companies and metal manufacturing firms experienced among the highest bonus increases, with an average increase of 52% and 56%, respectively. (Towers Perrin, May 2005)
* Meanwhile, real wages are falling at their fastest rate in 14 years. (Financial Times, 5/10/05)
* The Labor Department reported a disappointing $16.03 in real average hourly earnings for the month of May-below the $16.07 level when the recession ended in November 2001. (U.S. Department of Labor, Bureau of Labor Statistics)
* These depressed numbers mean that hourly wages are lagging behind inflation, which came in at 3.5 percent in April.
* A report by the Financial Times and the Economic Policy Institute warned: %26quot;Stingy pay rises mean many Americans will have to work longer hours to keep up with the cost of living, and they could ultimately undermine consumer spending and economic growth.%26quot; (Financial Times, 5/10/05)
* According to a recent poll, 1 in 5 middle income families said they did not have enough money last year for medical care and other necessities. Nearly 6 in 10 Americans said they do not earn enough to lead the kind of life they want. (Economic Concerns Fueled by Many Woes, Pew Research Center
Do you really think it was the President%26#039;s fault that the unemployment rate has gone down during his 2 terms?online loan
To answer your question;
Yes it is all Bush%26#039;s fault.
Do you really think it was the President%26#039;s fault that the unemployment rate has gone down during his 2 terms?
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It%26#039;s completely irrelevant to anything Bush has done.|||As the Liberals will tell you, Bush has nothing to do with job creation or the economy, but Clinton did a fabulous job.
My girlfriend was laid off 2 weeks ago. Did she blame the government??? She has 2 offers on the table as of this morning, and both are for a higher salary than the last one. There are tons of jobs for people who are %26quot;qualified%26quot;. The libs think that the government should get all of us qualified. I don%26#039;t know who they are, but I had to work my tail off to pay for college, and have worked my tail off to build my business. I cannot remember when the government did anything for me except take more of my money.|||Ideology (and power) affect policy, which affects economics, which affects the market, which affects job creation/employment.
So, if we move up the chain to find the root cause, it just might be the little guy in the White House.|||I think the American people are getting two jobs to keep up with the high prices of food, fuel and housing.|||I know that everytime you cut taxes, unemployment goes down, so I%26#039;d say his tax cuts should recieve the credit.|||I don%26#039;t think more jobs created flippin burgers is anything to crow about.|||Off course, if you engage in a war, you need people to work building and supporting the war. Most of the job creation was made by government contractors but they want to say it was the tax cut because, who benefited from it?|||Yes...it%26#039;s his fault..cutting taxes stimulates the economy and creates jobs. Not bad for a guy that inherited a recession, 9/11 and the ensuing economic crash, and the unending viscious rhetoric from the left...don%26#039;t ya think?|||Yes. Increased military spending = more jobs. Save the economy Hitler style!|||Great question.
Can%26#039;t wait to read the trite answers about all of these jobs being at fast-food restaurants...
Libs are so predictable.|||Business ( or lack of it ) creates jobs or unemployment. The government would like you to think they can %26quot;make jobs for more Americans%26quot; but the only way they do this is to start a war that takes hundreds of thousands of marginally employable young people out of the labor pool. The only exception to this was the Work Project Initiative that ended the Depression, as the government invented things, like building bridges, and roads and tunnels etc, that needed to be built, and then paid for it all.
Politicians do NOT create jobs, and that stuff above about %26quot;ideology%26quot; trickling down from the little guy in the white house - it is baloney.|||Yes because he lies as he breathes.|||NO.
I do believe that the so-called Democrats want us all to believe such a LIE.
Go and test the waters your selves people, we did.
The Dem%26#039;s want to prove that everything that the Republicans are trying to do for this Country will backfire on them, so the Dem%26#039;s are trying to mess up everything to make the Republicans look bad.
Why don%26#039;t we force the Dem%26#039;s to take a pay cut?|||All the growth has been in the government sector; a great feat for a conservative Republican who claimed he wanted to shrink government.
Cheryl: This is not personal. We are talking about the economy and jobs and wages, we are not talking about a vendetta.|||you wouldn%26#039;t call it a fault that unemployment went down. that is like saying %26quot;is it the fire fighters fault that the fire was put out and people saved%26quot;.|||Absolutely Not! He alone cannot be held responsible for the economy!|||The president does not and never has had control over unemployment. The president does not run this country like most think!|||just like with statistics, you can make the numbers say what you want.
unemployment numbers only reflect the number of applications,not the number of people without a job, as it used to be.
the calculation criteria was changed to delude everyone that the economy was in better shape, and so candidates could hold up the numbers and say %26quot;see, i put everyone back to work%26quot;|||Why not - he gets blamed for everything else! The tax cuts work! How about that? Not too bad also given the world events.|||Yes, and Bush is proud of it. This proofs that tax cuts create jobs.
DTG|||OF COURSE DO TO HIS TAX CUTS. TAX CUTS STIMULATE GROWTH LEADING TO MORE JOBS. TAX HIKES DON%26#039;T STIMULATE THE ECONOMY OR ANY THING ELSE.|||No, he%26#039;s just a cog in the machine.
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