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Posted by: ybdogsct 1 year, 5 months ago

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ybdogsct1 year, 5 months ago

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CLINTON'S RECORD ON JOBS
"In 1992, the American economy was barely creating jobs, wages were stagnant, and the unemployment rate was 7.5%. 22.1 million new jobs have been created since 1993, the most jobs ever created under a single Administration. The economy added an average of 248,000 jobs per month, the highest under any President. Unemployment is down from 7.5% in 1992 to 4.0% in June 2000, and in April 2000 the unemployment rate was the lowest in 30 years. The unemployment rate has fallen for 7 years in a row, and has remained below 5% for 34 months."

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  ybdogsct1 year, 5 months ago
  
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  BUSH'S RECORD ON JOBS
  http://www.cbpp.org/4-14-04tax-sum.htm
  "The early returns of Bush's tax cuts have not been good. The Bush tax cuts have contributed to revenues dropping in 2004 to the lowest level since 1950, and have been a major contributor to the dramatic shift from projected large budget surpluses to projected deficits. The tax cuts have conferred the most benefits, by far, on the highest-income households Ã;Â¢;; those least in need of additional resources Ã;Â¢;; at a time when income already is exceptionally concentrated at the top of the income spectrum. THE DESIGN OF THESE TAX CUTS WAS ILL-CONCEIVED, RESULTING IN SIGNIFICANTLY LESS ECONOMIC STIMULUS THAN COULD HAVE BEEN ACCOMPLISHED FOR THE SAME BUDGETARY COST. In part because the tax cuts were not as effective as alternative measures would have been, job creation during this recovery has been notably worse than in any other recovery since the end of World War II."
  
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