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The major media has used every tool at their disposal to inform us that the “Bush economy” has not been profitable to “regular” Americans.
In my mind, if you have strong employment and very low unemployment, it seems to benefit all citizens. Flip at Suitably Flip details the record now held by this Administration in the area of job creation.
I lamented last month that the 47-month streak of consecutive job creation had apparently finally snapped. According to the Labor Department’s preliminary August reading, the economy lost 4,000 jobs that month, the first decline since August 2003. This meant the duration of the economic boom (as measured by job creation) that followed Bush’s 2003 investment income tax cuts had fallen just shy of the record-setting 48-month streak that followed Reagan’s 1986 tax cuts.
Today, however, not only does the Labor Department show a September payroll increase of 110,000, but it revised the August estimate from a decrease of 4,000 to an increase of 89,000. At 49 months (assuming future revisions don’t reverse September’s gains), the Bush streak now stands alone as the longest unbroken period of job creation since we started tracking it in 1939.
[Emphasis Added]
Be sure to check out the update to this post and see how Senator Clinton pounced on that negative 4,000 number..I wonder if she has or will correct herself anytime soon now that the numbers have been revised upwards.
Written by Sue



~J~ Says:
October 8th, 2007 at 12:18 pmVisit ~J~
I guess we’re not in Hooverville after all.