Clinton pushed for NAFTA. Yet during Clinton's presidency over 20 million new jobs were created. That cannot be denied. We have lost MORE JOBS UNDER W THAN ANY PRESIDENT SINCE HERBERT HOOVER! This includes recessions under Nixon, under Carter, under Reagan, under HW, and the one that Clinton inherited. Okay? Remember that, the economic situation when Clinton took office? W's policies have been disastrous for the economy.
Since you want to equivocate, I'll post to this thread the truth-based challenges to W's assertion on the Russert show concerning the economy. It's not that hard to understand; his policies are not only not creating jobs and improving the overall economy, but they are going to saddle us with a debt that any future president (Democrat or Republican) will be forced to resolve at the expense of prudent, even visionary economic policies and programs that could more rapidly grow the economy, create jobs, and return us to prosperity.
Finally, if W really cared about jobs, he wouldn't be touting the exporting of jobs under NAFTA or any other program. India is NOT part of NAFTA, which is obvious even to a 3rd grader, so the export of jobs to India, Vietnam, China, etc., is not part of the NAFTA disaster. His support of this "outsourcing" (more hifalutin' language for sending American jobs overseas) shows how little he gives a damn about American workers. What, other than his cronies we should all be working at anti-union, immigrant-abusing, lock-employees-in-at-night-like-slaves Wal-Mart? As Edwards said, the man is totally out of touch, and actually contemptuous of the very people who support him--not just the gay queers, but working-class and poor white Southerners too.
But back to W's economic gaffes:
Center for American Progress: W's Claims vs. the Truth QUOTE
UNEMPLOYMENT
CLAIM: \"How about the fact that we are now increasing jobs or the fact that unemployment is now down to 5.6 percent? There was a winter recession and unemployment went up, and now it's heading in the right direction.\"
FACT – THE JOB MARKET CONTINUES TO STAGNATE: Since President Bush's first tax cut in March 2001, the economy has shed more than 2 million jobs. He will be the first president since Herbert Hoover to end his term with a net job loss record. Additionally, the White House Counsel of Economic Advisors pledged that the President's \"jobs and growth\" package would create 1,836,000 new jobs by the end of 2003 as part of its pledge to create 5.5 million new jobs by 2004. But the economy added 221,000 jobs since the last tax cut went into effect, meaning the White House has fallen 1,615,000 jobs short of their mark. [Source: EPI, 2/4/2003; Jobwatch.org]
JOB CREATION
CLAIM: \"There is good momentum when it comes to the creation of new jobs.\"
FACT – STATISTICS SHOW THERE IS NOT GOOD JOB MOMENTUM: In the last two months we've seen an average of 73,000 private sector jobs created. At this pace, we wouldn't see a new net job created until May 2007. Even beyond the recession and 9/11, just looking at the recovery since November 2001, the current pace of job growth puts us on track to have the worst jobs recovery since the Great Depression.
TAXES
CLAIM: \"But what the people must understand is that instead of wondering what to do, I acted, and I acted by cutting the taxes on individuals and small businesses, primarily. And that, itself, has led to this recovery.\"
FACT – BUSH TAX CUTS HAD LITTLE EFFECT ON SMALL BUSINESS OWNERS The Bush tax cuts had little effect on small business owners. Under the first tax cut, the Center on Budget and Policy Priorities reports, small business owners \"would be far more likely to receive no tax reduction whatsoever from the Administration's tax package than to benefit\" because only 3.7% of small business owners are affected by the top tax rate cuts that were the bulk of the plan. Under the 2003 tax cut, the Urban Institute-Brookings Tax Policy Center estimates \"nearly four out of every five tax filers (79%) with small business income would receive less than the amount\" while \"52% of people with small business returns would get $500 or less.\" [Source: CBPP, 5/3/01; CBPP, 1/21/03]
DEFICIT
CLAIM: \"The budget I just proposed to the Congress cuts the deficit in half in five years.\"
FACT – WHITE HOUSE ESTIMATES OMIT INEVITABLE COSTS: The President's proposal to cut the deficit in half deliberately \"omits a number of likely costs\" such as the continued cost of Iraq and its own defense spending plans. All told, he is proposing roughly $3 trillion in new tax cuts and spending, including $1 trillion to make his tax cuts permanent, $70 billion for the Alternative Minimum Tax, and $50 billion more for war in Iraq. The result is that the deficit is predicted to be \"in the range of $500 billion in 2009\" – not even near half of what it currently is. [Source: CBPP, 1/16/04; Washington Times, 1/20/04; Reuters, 2/2/04]
STIMULUS
CLAIM: \"The economic stimulus plan that I passed is making a big difference.\"
FACT – STUDY SHOWS TAX CUTS BARELY MADE A DENT: A study by Economy.com attributes only 0.9 percent out of the total 7.2 percent annualized growth in the third quarter to the 2003 tax cut. In other words, the Economy.com analysis suggests that the strength of the economy in the third quarter was not due primarily to the tax cut: Without the tax cut, growth would have still been an impressive 6.3 percent. [Peter Orszag in the New Republic, 11/6/03]
[ February 10, 2004, 09:10 PM: Message edited by: fantomas ]