wildfirepower
10-07-2010, 08:06 AM
In March 2004, when Barack Obama was a candidate for the U.S. Senate in the Illinois Democratic primary, he excoriated President George W. Bush for creating a "jobless recovery." The month he said that, 334,000 new jobs were created—none of them temporary Census ones—and unemployment was 5.8%.
That was then. Now the unemployment rate is 9.6%, and tomorrow's jobs report is unlikely to be much better.
Many other Democrats piled on Mr. Bush at the time. "Mr. President, where are the jobs?" Rep. Nancy Pelosi asked on CNN in October 2003. "The American people will not settle for—nor should the Republicans celebrate—a jobless recovery." That month saw 203,000 new jobs and 6% unemployment. Her party would kill for such a rate today.
Continued........
http://online.wsj.com/article/SB10001424052748703735804575535701710358606.html
That was then. Now the unemployment rate is 9.6%, and tomorrow's jobs report is unlikely to be much better.
Many other Democrats piled on Mr. Bush at the time. "Mr. President, where are the jobs?" Rep. Nancy Pelosi asked on CNN in October 2003. "The American people will not settle for—nor should the Republicans celebrate—a jobless recovery." That month saw 203,000 new jobs and 6% unemployment. Her party would kill for such a rate today.
Continued........
http://online.wsj.com/article/SB10001424052748703735804575535701710358606.html