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The Facts Show Increase of Jobs Under Bush
NewsMax ^ | Feb. 25, 2004 | Paige McKenzie

Posted on 02/25/2004 4:44:23 PM PST by visualops

The Facts Show Increase of Jobs Under Bush
Paige McKenzie, NewsMax.com
Wednesday, Feb. 25, 2004
The media and Democrats keep repeating it over and over: "2.3 million jobs lost" since President Bush took office. His could be the worst job record since before World War II, they claim.

One little problem: It's not true.

Not only has there been no net loss of jobs during the Bush administration, there has been a net gain, even with the devastation of 9/11. At least 2.4 million jobs have been created since the president took office, 2 million of those in 2003. The gains more than offset the losses.

While Democrats continue to beat their election-year drums about outsourcing, manufacturing losses, unemployment and slow growth in employment, America’s economy has been steadily creating jobs.

At least 366,000 jobs have been created in the last five months, over 100,000 of those in January, White House press secretary Scott McClellan has noted. And though the eight-month recession “officially” ended in November, economic indicators are surprising economists and pointing toward a take-off in the recovery.

The signs:

 

  • The 5.6 percent unemployment rate is the lowest in two years and below the average of the 1980s (7.3 percent) and '90s (5.8 percent), and still continues to drop.

     

  • The nation's economic output revealed the strongest quarterly growth in 20 years. The data for the fourth quarter of 2003 show that the civilian labor force rose by 333,000, while the number of unemployed in the labor force dropped by 575,000. Even better, the number of so-called discouraged workers declined in December.

     

  • Consumer spending grew between 4 percent and 5 percent last year, and real hourly earnings rose 1.5 percent. Real earnings have risen over the last three years.

     

  • Exports doubled to 19 percent in the fourth quarter, compared to less than 9 percent in the third.

     

  • The number of American workers is at an all-time high of 138.5 million, a level never before attained in U.S. history.

     

  • Jobless claims are 10 percent below the average of the last 25 years and still falling.

     

  • Hiring indices are up, even in manufacturing.

     

  • Productivity growth is extremely high.

     

    Now the doomsayers are criticizing the validity of the unemployment rate, which at 5.6 percent does not fit their gloomy story.

     

    Faulty Counting

     

    The problem is the areas of biggest job growth are usually not even being counted at all.

     

    Though 75 percent of jobs are created by small companies, according to the Small Business Administration, this sector’s entrepreneurial activity and the jobs it creates are left out by Washington bean counters when calculating official new job numbers.

     

    The Bureau of Labor Statistics (BLS) does its Payroll Survey by phoning businesses to crunch the number of jobs that have been gained or lost. This is where Democrats grabbed onto their lifeline, the 2.3 million figure. Look only at the Payroll Survey, and there has been a gain of only 522,000 jobs since Bush took office.

    But here’s the rub. The Household Survey is used to determine the unemployment rate and accounts for those who are self-employed, and small emerging businesses that might be overlooked by the Payroll Survey. But the number of U.S. firms isn’t static, and the "fixed list" used by the BLS for phoning established businesses does not reflect new entrepreneurial activity.

    People are called at home and asked if they have jobs, or if they are in the market for a job. In contrast to the Payroll Survey, the Household Survey shows that 2.4 million jobs have been created so far during Bush's time in office.

    As Economy.com writer Haseeb Ahmed recently wrote, "something is amiss in the [Payroll] survey."

    Credit Where Credit Is Due

    That’s not all. When doomsayers, and media spoiling for a fight in an election year, laughed at Bush’s prediction of 2.6 million new jobs this year, not everyone was scoffing.

    Ahmed, Federal Reserve Chairman Alan Greenspan and others hardly batted an eye. Greenspan said it was "probably feasible" the economy would reach the Bush administration's forecast of adding 2.6 million jobs this year, provided growth continues and the productivity rate slows to more typically levels.

    "I don't think it's 'Fantasyland,'" Greenspan said.

    "I agree with him," said John Ryding, chief market economist at Bear Stearns. "I think that we will create 2.5 million, possibly more, jobs over the balance of the year."

    Ahmed is convinced that "the revision patterns of the early-1990s recovery cycle" will be repeated. A total of 1.4 million job gains were revised upward to 2.9 million in the first 21 months after the end of the last recession, just after Bush Sr. was voted out of office.

    Next: If elected, will John Kerry get credit for the jobs created under the Bush administration? And find out why so many workers are not being counted.



TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Government; Miscellaneous; News/Current Events; Politics/Elections
KEYWORDS: bushrecovery; jobcreation; jobs
Useful info.
1 posted on 02/25/2004 4:44:24 PM PST by visualops
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To: visualops
I SURE hope this becomes a MainStream Media Political Commercial, very soon. I'm so sick of hearing nothing but lies on TV about the economy.
2 posted on 02/25/2004 4:53:50 PM PST by Integrityrocks
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To: visualops
Jobs in a Bush Ecnomy? How can this happen? Heavy on the sarcasm.

But I knew it all along.
3 posted on 02/25/2004 4:54:45 PM PST by writer33 (The U.S. Constitution defines a Conservative)
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To: Integrityrocks
Me too.
4 posted on 02/25/2004 4:55:30 PM PST by anniegetyourgun
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To: writer33
Yeah...we know it....but we've got to counter those that don't....I walk with a bunch of chicks...and the other day one of them said, "Yeah, but I sure hope the economy gets better." I called her on it by saying "The economy is doing great....and my economy is doing just fine...is there anything wrong with yours?" She replied "no" and then we talked a little about how no one she knew was really having problems either....Turned out her husband is a local Surgeon....I'm slowly converting people!
5 posted on 02/25/2004 5:13:02 PM PST by goodnesswins (If you're Voting Dem/Constitution Party/Libertarian/Not - I guess it's easier than using your brain.)
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To: visualops
I've seen these numbers reported in more legitimate news sources and believe them, but WHY WHY WHY isn't the administration doing ANYTHING to counter the negative press?

President Bush and his administration need to be talking about this EVERY day.
6 posted on 02/25/2004 5:15:24 PM PST by Peach (The Clintons have pardoned more terrorists than they ever captured or killed.)
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To: visualops
BTTT
7 posted on 02/25/2004 5:30:15 PM PST by Right_in_Virginia
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To: visualops
Well, let's see, under GWB I've gone from an unemployed, disabled Vet to a civil servant, to an employee of a global IT corporation and now to a DoD contracting job in Iraq. My salary has gone from nothing to 40k, to 45k, and now, due specifically to GWB, to 130k. Sure works for me. Will my latest job be credited to GWB -or even counted? H#ll no. Heck, I'll be lucky if I even get to vote.
8 posted on 02/25/2004 5:30:34 PM PST by Justa (Politically Correct is morally wrong.)
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To: Peach
"WHY WHY WHY isn't the administration doing ANYTHING to counter the negative press? "

I really think the lack of "spin ability" (or whatever it's called!) is the single biggest flaw in the Bush WH. Unfortunately, they are so busy doing their jobs (like they're supposed to be doing!) and seem to be so lacking in guile that they just honestly go about the day. Sometimes I wish they had a few Carvilles, Ann Lewises, et al, to be a little more blunt and strong!! (Aaaaahhh...maybe I don't REALLY wish that!)
9 posted on 02/25/2004 5:34:44 PM PST by Maria S ("I will do whatever the Americans want…I saw what happened in Iraq, and I was afraid." Gaddafi, 9/03)
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To: visualops
Bump. I still don't know anyone who has no job unless they don't want one.
10 posted on 02/25/2004 5:35:05 PM PST by dalebert
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To: visualops
In my local area (Southwest Riverside County, California), the economy appears -- at least at the retail level -- to be very robust. When my wife and I go out on the weekends to shop and run errands and dine out, most of the stores and restaurants seem to be packed with shoppers.
11 posted on 02/25/2004 5:35:27 PM PST by Califelephant (Should a bi-sexual be able to marry both a man AND a woman?)
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To: goodnesswins
Good job. You're right. There are many that are unaware of what's really happening. Excellent point.
12 posted on 02/25/2004 5:36:00 PM PST by writer33 (The U.S. Constitution defines a Conservative)
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To: Integrityrocks
Yep, it's truly amazing. My business friends are all saying the same thing. Business is booming. They are having trouble keeping merchandise in stock. employees are tough to find. Builders can't find enough workers to finish the building jobs they already have.

Must be someone without a job somewhere. CBS or CNN laying off? Maybe that's it.
13 posted on 02/25/2004 5:39:41 PM PST by snooker
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To: Califelephant
Can you still speak English in your area and expect to be served?
14 posted on 02/25/2004 5:40:03 PM PST by Meldrim
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To: Califelephant
Ditto in Memphis. Wages don't compare to Kali though..median income is $25,000. Hubby went back to work after being laid off for nearly 18 months when his company folded bumped into the grey ceiling. Finally got hired by the Memphis PD to repair their radios and equipment..for more money than he earned at his defunct company.
15 posted on 02/25/2004 5:44:22 PM PST by GailA (Millington Rally for America after action http://www.freerepublic.com/focus/f-news/872519/posts)
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To: visualops
I dunno how she came up with this info, Greenspan himself said that the payroll survey was "probably" more accurate.

Not to mention the fact that extending unemployment benefits artificially lowers the unemployment rate (people on unemployment aren't motivated to look for work and are thus not counted as unemployed).
16 posted on 02/25/2004 5:47:13 PM PST by Schattie (-censored-)
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To: dalebert
"Bump. I still don't know anyone who has no job unless they don't want one."

Exactly. Where I live, everyone who WANTS to work is working. There is a sizeable "Help Wanted" section in our weekly newspaper that changes frequently. Must mean jobs are being taken, while others are opening up.

17 posted on 02/25/2004 5:52:02 PM PST by redhead (Tip to the Dims: NEVER TRY TO MATCH WITS WITH AN IDIOT)
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To: Justa
Wow, good for you!
18 posted on 02/25/2004 6:06:31 PM PST by visualops (Hey F'n Kerry: INCOMING! bwuahahahahah!!!!)
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To: visualops; TheStickman
Facts
19 posted on 02/25/2004 6:07:09 PM PST by visualops (Hey F'n Kerry: INCOMING! bwuahahahahah!!!!)
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To: Willie Green
Pinging Willie Green.
20 posted on 02/25/2004 6:11:26 PM PST by Eala (Sacrificing tagline fame for... TRAD ANGLICAN RESOURCE PAGE: http://eala.freeservers.com/anglican)
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To: visualops
BTT
21 posted on 02/25/2004 6:12:02 PM PST by nopardons
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To: visualops
bump
22 posted on 02/25/2004 6:12:24 PM PST by KSCITYBOY
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To: dalebert
Even here in Washington State, where they say we're having the slowest recovery, I'm starting to see want ads for my specialty.
23 posted on 02/25/2004 6:15:32 PM PST by Eala (Sacrificing tagline fame for... TRAD ANGLICAN RESOURCE PAGE: http://eala.freeservers.com/anglican)
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To: dalebert
Even here in Washington State, where they say we're having the slowest recovery, I'm starting to see want ads for my specialty. (I am currently employed, just thinking about a change.)
24 posted on 02/25/2004 6:16:02 PM PST by Eala (Sacrificing tagline fame for... TRAD ANGLICAN RESOURCE PAGE: http://eala.freeservers.com/anglican)
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To: Schattie
(people on unemployment aren't motivated to look for work and are thus not counted as unemployed).

You're kidding, right? Those are the only folks who ARE counted! Not those whose benefits have run out, not those who've given up on looking, not those who've taken a gig at 1/4 their former wages. But then, you really did know that already, right?

J

25 posted on 02/25/2004 6:18:42 PM PST by J. L. Chamberlain
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To: visualops
The MOST dishonest dem talking heads STILL keep repeating their tired old mantra...

"3 million jobs lost" on President Bush's watch.

For a while I thought these jerks were just mis-informed and repeating old data. But then I figured out they knew EXACTLY what they were doing, and have NO INTENTION of ever correcting those figures.

They take what they believe is the highest recent employment figure (pre-Bush), and they subtract the numbers from THEIR WORST POINT.

Never mind using CURRENT data. They still go ahead and slam GW with whatever their worst-case analysis shows. They just conveniently 'leave off' whatever qualifiers that would show their data is flawed.


I've wondered another thing about employment figures... NO ONE ever points out the number of upper-end baby boomers who have RETIRED during GW's presidency, nor the number of young Americans graduating from H.S. or college and ENTERING the job market.

Surely, with Roe.v.Wade, the latter number is much much smaller than the earlier figure. That difference might explain away a Million or two of those employment-drop statistics!

Where can I go to look these things up?

26 posted on 02/25/2004 6:22:01 PM PST by Future Useless Eater (Freedom_Loving_Engineer)
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To: visualops
I posted this comment in a similar article before.

Its surprising how the Dem's complain about evil corporations and job statistics.

It seems like the percent of people working for evil corporations is going down from the discrepancy between the 2 methods of figuring unemployment.

The corporate report shows bad employment. The household report shows new jobs.

And according to the Dems this is a very bad thing. So either the DEMs like evil corporations or hate small businesses and self-employed.
27 posted on 02/25/2004 6:25:34 PM PST by revtown
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To: J. L. Chamberlain
Well in the survey they ask if you've looked for work in past 4 weeks and if you're receiving an extended weekly unemployment stipend you aren't as likely to have looked for work.
28 posted on 02/25/2004 6:26:21 PM PST by Schattie (-censored-)
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To: Schattie
I don't mean to be insulting, I really don't. But do you live in the real world? You can't collect unemployment if you're NOT looking for work. Sheesh!

J
29 posted on 02/25/2004 6:34:28 PM PST by J. L. Chamberlain
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To: Maria S
>>"WHY WHY WHY isn't the administration doing ANYTHING to counter the negative press? "

maybe there's a reason for waiting if we can hang on a bit longer... Remember how Dean dropped off the face of the earth due to a little criticism? We don't want a repeat of that.

Let Kerry get locked in by his delegate count. He should have 1300 delegates after March 2nd. Then its almost impossible for him to not coast and still get the remaining 700 needed for the Dem nod.

Remember when it was announced GW's advertising blitz starts March 4th? That is 1.5 days after Kerry gets 'blessed' by Super Tuesday. And 1.5 days is just long enough for the Super Tuesday news coverage to die down.

30 posted on 02/25/2004 6:44:21 PM PST by Future Useless Eater (Freedom_Loving_Engineer)
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To: visualops
The problem is that Bush is importing workers, illegally and legally, faster than jobs are being created. This is why you still have bad employment numbers. Also, there have been reports that new jobs are going to new immigrants. Free traitors should be proud of themselves for this one.
31 posted on 02/25/2004 7:23:54 PM PST by sixmil
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To: sixmil
"Bush is importing workers"
How differently are illegals dealt with in this administration than any other?
"illegally and legally"
So a legal immigrant shouldn't get a job exactly why?
"reports that new jobs are going to new immigrants"
So a new legal immigrant shouldn't get a job exactly why?

And, from what I've read, unemployment is going down.

The big wall you seem to want to build around this country will keep jobs out, not in.
32 posted on 02/25/2004 7:44:00 PM PST by visualops (Hey F'n Kerry: INCOMING! bwuahahahahah!!!!)
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To: visualops
Bush is importing workers" How differently are illegals dealt with in this administration than any other? "illegally and legally" So a legal immigrant shouldn't get a job exactly why? "reports that new jobs are going to new immigrants" So a new legal immigrant shouldn't get a job exactly why?

And, from what I've read, unemployment is going down.

The big wall you seem to want to build around this country will keep jobs out, not in.

It's ok because the dems turn their backs on illegal immigration? Is that your argument?

A legal immigrant (H-1B, L-1) should not get a job because Americans come first.

I've read unemployment is going down too, but I've read lots of other things as well.

I'm not trying to build a wall, you on the other hand are pretending that there are no borders.


33 posted on 02/25/2004 8:22:07 PM PST by sixmil
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To: visualops
If Bush wants to REALLY up his numbers, he should take credit for the millions of jobs he's created overseas.
34 posted on 02/25/2004 8:38:46 PM PST by ETERNAL WARMING (SHUT THE DOOR IN 2004!)
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To: Peach
I hope it's another rope-a-dope
35 posted on 02/25/2004 9:27:44 PM PST by CyberAnt (The 2004 Election is for the SOUL of AMERICA)
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To: dalebert
Me! I want a job. I've been on so many interviews and sent out so many resumes .. nothing. I'd even settle for part-time. I lost my job in January of 03. But .. I take care of my 91 yr old mom and I would like to be able to work at home.

I've applied for an extension of Unemployment for one reason .. I want to enter into a federal training program to start my own business doing web design. The training is minimal in time and expense, and my son (who has his own computer business) says there's a real need out there for web designers who don't charge an arm and a leg - especially for companies who are just starting out in business. In 13 weeks, I could be well on my way to being my own boss. Sounds great to me.
36 posted on 02/25/2004 9:43:39 PM PST by CyberAnt (The 2004 Election is for the SOUL of AMERICA)
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To: FL_engineer
Maybe we all need to start sending the WH a note and asking when they intend to counter the erroneous 2.5 mil jobs lost info.
37 posted on 02/25/2004 9:51:18 PM PST by CyberAnt (The 2004 Election is for the SOUL of AMERICA)
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To: CyberAnt
Sounds like you are doing great and being self empoyed will make it easier for you to care for your mother. Your son gives good advice. Best of Luck.
38 posted on 02/26/2004 9:23:25 AM PST by dalebert
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To: revtown
They hate small business and the self-employed.

In the 1970's, when I worked as an organizer of food co-ops, I was shocked to be told that "Not everyone can be self-employed" and "The government is who you need to thank for your having your own home."

I hung on a bit longer, but the entire idea of individuality and boot-strap capitalism that did not depend on a government grant was anathema to the Left. And I have specifically heard leftist organizers tell young people to get every grant they can, so as to take as much as possible from the government while not giving anything back, ever. This is their idea of a revolutionary act.

Any response or critique of their beliefs is automatically labeled as *conservative rhetoric*. Young people who question the left are inundated w/leftist textbooks to dispute the conservative ideas.

I think their attitude towards corporations depends on whether said corporations are at the mercy of unions or not.
39 posted on 02/27/2004 6:31:36 AM PST by reformedliberal
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