onegermanbeerglass said:
First off, the job creation historically is low in the August through November months, and even more so during election years (Bureau of Labor Statistics). The trend shows a routine that sees a return to roughly 250,000 new jobs per month in December.
I didn't attack him specificially for a few months, over his whole term, he's had a net loss of jobs. These recent months have actually been gaining back jobs, it's his overall policy, not the past few months, that I'm talking about.
onegermanbeerglass said:
The unemployment rate has been consistantly around 5.4% since January (Census Bureau), which is equivolent to the lowest point of the Clinton Administration (all 8 years).
That is untrue, I think I know what you're talking about though. You're repeating Republican rhetoric that the unemployment rate is lower than the AVERAGE of the Clinton administration. Here are the unemployment rate numbers:
1992 (Bush Sr.'s last year): 7.3
1993 (Clinton's first year: 6.9
1994: 6.1
1995: 5.6
1996: 5.4
1997: 4.9
1998: 4.5
1999: 4.2
2000 (Clinton's last year): 4.0
2001 (Bush's first year): 4.7
2002: 5.8
2003: 6.0
ftp://ftp.bls.gov/pub/special.requests/lf/aat1.txt[/URL]
So, Bush Sr. fuked it up so badly, that Clinton had to do ALOT to get jobs back, and ended up creating more than 22 million jobs in 8 years. The reason that the unemployment rate now is lower than the average of the Clinton administration is that Bush is still benefiting somewhat from the prosperity Clinton brought, and couldn't have lost jobs quick enough to make it lower than Clinton's average. The only reason Clinton's average unemployment rating was so high was that there were so few people employed when he took office.
[QUOTE=onegermanbeerglass]
As for the wage levels, check your numbers. You're making a claim of lost jobs and reduced wages. Meanwhile, you have these numbers to contend with.
Wages and benefits of workers in 2001 Q4 were $5.9 Trillion. Wages and benefits of workers are currently at $6.5 Trillion. So while wages and benefits increased by $.4 Trillion, we also lost jobs and are being paid less? The math doesn't add up. (Center for Budget and Policy Priorities).
Frurther supporting this are the Census Bureau's numbers which show a change small enough to be declared unchanged, as it fell within their margin of error. The change they reported was -$1,535 in Median Household income from 2000 to 2003.
Not enough for you? According to the Bureau for Labor Statistics, average hourly wages, Jan '01 was $14.27 and $15.70 in Jul '04, or a 10% pre-inflation increase. After inflation, this number is adjusted to a 2.5% increase in pay.[/quote]
I mispoke, what I said was wrong. What I meant to have said was that:
There has been a job loss under the Bush administration (you're not going to rebut that, are you?). Many jobs have been lost, and on average, the jobs that are being created to replace these lost jobs pay about $9,000 less.