http://www.newsday.com/business/ny-bzecon0304,0,5883044.story?coll=ny-business-headlinesWASHINGTON -- Politics is a rough sport. But perhaps the harshest four-letter-word President George W. Bush and his Democratic challenger Sen. John Kerry will trade this election year is spelled J-O-B-S. snip
By virtually all projections, he will be the first president since Herbert Hoover to seek re-election with a net job-loss during his first term.
Further, the administration's promise last April that last year's tax cut would generate over 510,000 new jobs in 2003 and 1.4 million by December has not been met. In all, 2.3 million jobs have been lost since Bush took office.
In Bakersfield, where unemployment exceeds 12 percent, far above the 5.6 percent national average, Bush praised workers gathered at a local irrigation system supplier as "people who are on the front lines of job creation," and stressed the importance of extending tax cuts already enacted, even though they would add nearly $1 trillion to the cumulative budget deficit over the next decade.
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