President Bush's Plan for Your Job
I'm watching MSNBC right now and a White House pool reporter is reporting that the President has decided that the tax-cut plan will be now be called a "jobs creation plan". Apparently, according to this reporter, the President was worried that in Americans might accidentally think the tax-cut plan was a tax-increase while reading reports in haste (!). Anyway, that's the disengenious reason why Republicans will now be selling us the tax-cut this way. Why disengenious? Well, they are planning to say that they want to create jobs and if you don't support the cut, then that means that you don't want to create as many jobs as them. But, since when do tax-cuts lead to job creation. Taxes were raised at the end of the Bush I presidency and at the beginning of Clinton's and during the Clinton presidency 10.7 million jobs were created (more than 90% in private industry). During the Bush II presidency, taxes were cut and we lost 1.7 million jobs by the end of 2002. The AFL-CIO released this report detailing the damage
- The nation has lost 1.7 million jobs over the past two years after adding 5 million jobs in 1999 and 2000. According to the U.S. Department of Labor, there are 2.5 job seekers for every job opening.
- Unemployment is at an eight-year high and expected to grow. Ten million unemployed workers want jobs but cannot find them. More than 4 million work only part time because they cannot get full-time positions.
- More than 2 million unemployed workers have run out of their regular state-provided unemployment benefits and the emergency unemployment benefits they received under the temporary federal program. Many of these workers now have no jobs—and no means of support.
Sounds like a good plan to me.