Posted by
Over the Kohls on Sunday, March 09, 2008 8:38:46 PM
A lot has been made over the net loss of jobs for two consecutive months Jan, 2008 -22,000 and Feb., 2008 -63,000. I don’t think that there is any question that we are in an economic decline with the massive amount of bad news coming out on a daily basis. It may be a recession, it may not. The Dems are trying to make points on the issue of the economy and how badly we need to change from the failed economic policies of the Bush Administration. Can I show you some statistics from the U. S Department of Labor, Bureau of Labor Statistics?
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Monthly Changes in Non-Farm Employment - Source U.S Department of Labor (000’s)
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Year
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Jan
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Feb
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Mar
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Apr
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May
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June
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July
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Aug
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Sept
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Oct
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Nov
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Dec
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Total
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2004
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142
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27
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334
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270
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282
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89
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112
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83
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176
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359
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63
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144
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2081
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2005
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125
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209
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119
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332
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177
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261
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368
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213
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110
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105
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361
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152
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2532
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2006
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232
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273
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259
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147
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22
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94
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262
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191
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165
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73
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182
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199
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2099
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2007
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126
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25
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177
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46
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162
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107
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57
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74
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81
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140
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60
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41
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1096
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For 4 consecutive years, 48 straight months, even longer if you include the last 4 months of 2003, our economy expanded and jobs grew at an astounding rate. Look at the annual increases. Over 2 million new jobs were created in each of 2004-2006, although the rate of increase slowed in 2007 indicating that the economy is slowing. So for the last two months we have lost a total of 85,000 jobs and that has been given vastly more coverage than the 7,808,000 new jobs gained over the previous 4 years. But we are still ahead by 7,723,000 jobs for the last 4 years.
Is the focus on the job losses fair? Yes, it’s fair to note that we are in an economic slump but is it fair to say that the policies of the Bush Administration have been a failure? Absolutey not. McCain has all statistics his disposal and I hope that he has the ability to effectively articulate them to ward off the Dem Doomsayers. One thing for sure, both Dem candidates will raise taxes as soon as they possibly can on American wage earners, American business owners and corporations. That is not going to help create jobs in any way and most thinking people know that this will only reduce jobs and opportunities for employment.