NC Media Watch

A quest for reason and accuracy in letters to the editor, guest editorials and other issues of interest to the citizens of Western Nevada County.

Friday, September 03, 2004

Karen Hobbs writes in Letter to the Editor, Don't forget the facts, September 3, 2004
“During the Republican Convention's rah-rahs and spin, don't forget the facts. Under Bush our country is crashing economically: loss of jobs and health benefits, lower wages and a historically high federal deficit."
The Polipundit points to some interesting statistics released by the Bureau of Labor Statistics. The economy is not crashing and jobs are growing,
Establishment Survey (W-2 payroll employment)

Total employment as of December 2000 = 131.878 million
Total employment as of August 2004 = 131.475 million

So, the truth is that 403,000 W-2 jobs have been lost since George Bush took office; not the 900,000, 1 million, or even the 2 million that you see, from time to time, in various liberal and partisan-Democratic circles.

On the other hand:

Household Survey (W-2 employment, 1099 contractors, self-employment, etc.)

Total employment as of December 2000 = 135.836 million
Total employment as of August 2004 = 139.681 million
So it looks like George Bush's economic policies have produced about 4 million jobs since 2000. Hummm . . . Unemployment, is now 5.4%. Humm. . . Yep, the economy is crashing. Not.

It also looks like that these new jobs were not at lower wages, as suggested by Ms Hobbs. One has to ask, "historically high federal deficit" relative to what? When compared to GDP it is not historically high.

Tell me what you think

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