Tuesday, July 06, 2004

Bush's Nonexistent Economic Recovery

Paul Krugman writes today in The New York Times: "Bush campaign ads boast that 1.5 million jobs were added in the last 10 months, as if that were a remarkable achievement. It isn't. During the Clinton years, the economy added 236,000 jobs in an average month. Those 1.5 million jobs were barely enough to keep up with a growing working-age population." This says a great deal about how our economy is doing - times are not getting any easier for working folks (and especially for folks who are trying to find work. So much for the miracle-generating powers of Bush's tax breaks (you know, the ones that have made rich folks richer and put us as a nation trillions of dollars in debt). This is just one more example of why we should look skeptically at every single word that comes out of the Bush administration's collective mouth.