Secretary Chao´s background may have suited her to manage a large organization like the DoL, but not to make policy...
So Willie; set me straight over here. It's policy that creates jobs? Also, just where does a 5.4% unemployment rate fit in with the historical unemployment rate?
It's funny, but I'm not hearing that "giant sucking sound" that the protectionist talks about...well that's not quite true, I do sort of hear those last gasps of restricted breath that you (and other like you) let out in that "race to the bottom" of your barrel-scrapping arguments.
Policy can effect the creation of jobs. If you do not believe that is true, then you are denying the underlying premise of supply side economics.
And if you do not hear a giant sucking sound, I take it you have not recently spoken with a customer service or technical support operator recently.
Overall Unemployment Rate in the Civilian Labor Force, 1920 - 2004
| Year | Rate |
|---|---|
| 1920 | 5.2 % |
| 1928 | 4.2 |
| 1930 | 8.7 |
| 1932 | 23.6 |
| 1934 | 21.7 |
| 1936 | 16.9 |
| 1938 | 19.0 |
| 1940 | 14.6 |
| 1942 | 4.7 |
| 1944 | 1.2 |
| 1946 | 3.9% |
| 1948 | 3.8 |
| 1950 | 5.3 |
| 1952 | 3.0 |
| 1954 | 5.5 |
| 1956 | 4.1 |
| 1958 | 6.8 |
| 1960 | 5.5 |
| 1962 | 5.5 |
| 1964 | 5.2 |
| 1966 | 3.8% |
| 1968 | 3.6 |
| 1970 | 4.9 |
| 1972 | 5.6 |
| 1974 | 5.6 |
| 1976 | 7.7 |
| 1978 | 6.1 |
| 1980 | 7.1 |
| 1982 | 9.7 |
| 1984 | 7.5 |
| 1986 | 7.0% |
| 1987 | 6.2 |
| 1988 | 5.5 |
| 1989 | 5.3 |
| 1990 | 5.6 |
| 1991 | 6.8 |
| 1992 | 7.5 |
| 1993 | 6.9 |
| 1994 | 6.1 |
| 1995 | 5.6 |
| 1996 | 5.4% |
| 1997 | 4.9 |
| 1998 | 4.5 |
| 1999 | 4.2 |
| 2000 | 4.0 |
| 2001 | 4.8 |
| 2002 | 5.8 |
| 2003 | 6.0 |
| 2004 | |
| Jan. | 5.6% |
| Feb. | 5.6 |
| March | 5.7 |
| April | 5.6 |
| May | 5.6 |
| June | 5.6 |
| July | 5.5 |
| August | 5.4 |
| </TABLE |