Briget Gibson: The Beatings Will Continue Until Morale Improves

Liberal Slant

" On February 9, 2004, the Bush administration released the Economic Report of the President which was interpreted by economists to state that there would be 2.6 million jobs created in the calendar year of 2004. The following day, the President's Council of Economic Advisers (CEA) said that the economists had misinterpreted the report and that there would actually be a creation of 3.8 million new jobs. The 3.8 million new jobs promised number equates to approximately 317,000 new jobs that need to be created each and every month. Despite great expectations by the Bush administration, the total jobs created for the last SIX months of 2003 was 366,000. However, the net job LOSS for 2003 was 53,000, bringing the total number of jobs lost since January 2001 to 2.2 million..."