Now it's "3.8 Million" jobs to be created

[Loonman]

http://money.cnn.com/2004/02/10/news/economy/jobs_forecast/index.htm


NEW YORK (CNN/Money) - The White House forecast for job growth this year is even more optimistic than it first appeared -- a source says the Bush administration expects about 3.8 million new jobs in 2004, as opposed to the 2.6 million widely reported on Monday.

A White House source said Tuesday that the President's Council of Economic Advisers expects an average of about 320,000 new jobs to be created every month in 2004, or about 3.8 million in total.

When the White House issued the Economic Report of the President on Monday, the implied job growth was reported as 2.6 million on Monday by several news organizations.

[hatrack]

1. Man, this just gets better and better!

I'm wondering what the weekly nitrous oxide billings for the White House are running, since I can't think of any other substance (with the exception of some really primo bud) that would produce an economic forecast so sudsy, so giggly, so unattached to reality.

[judge_smales]

2. I wonder how you say 3.8 million

in Hindi because that's the language you'll need to speak to get one of 'em since they'll be in India.

[Beetwasher]

3. Why Not 10 Million?

How about a Billion jobs? I mean since they're imaginary why not go for broke?

[gander2112]

29. Picture Dr. Evil

with his pinky in his mouth "One BILLION new Jobs..."

Too tempting an image...

Geoff

[Loonman]

4. Wake me up when it's free Snickers bars for everybody

;)

[Jacobin]

5. P.S. ----Arthur Anderson Gets Contract for GAO

on Employment Statistics.

[Ganja Ninja]

6. 3.8 million? Yea sure! Why not go for the gusto!

If your going to lie might as well make it a really big lie.

[Zinfandel]

25. Bullshit lies...Jobs, Jobs, Jobs (Paul Krugman)

"We expect politicians to place a positive spin on economic news, but to insist that things are going great when many people have personal experience to the contrary seems foolish. Mr. Bush's father lost the 1992 election in large part because he was perceived as being out of touch with the difficulties faced by ordinary Americans. Why is Mr. Bush — whose poll numbers are a bit worse than his father's were at this point in 1992 — running the risk of repeating his experience?

The answer, I think, is that the younger Mr. Bush has no choice. He has literally gone for broke, with repeated tax cuts that have fed a $500 billion deficit. To justify policies that more and more people call irresponsible, he must claim that wonderful things are happening as a result.

For a while, that famous 8 percent growth rate seemed to be just what he needed. But in the fourth quarter, growth dropped to 4 percent. And as we've seen, the jobs still aren't there.

So Mr. Bush must put on a brave face. He and his officials must talk up weak economic statistics as if they represented stunning success, and predict marvelous things any day now. After all, they have to keep this up for only nine more months."

http://www.nytimes.com/2004/02/10/opinion/10KRUG.html

[Arbustosux]

7. and those jobs are available to any American..that wants to move to India

!

[Nobody]

34. Assuming India accepts immigrants n/t

[tridim]

8. Tomorrow it'll be a zillion jobs.

This admin is out of it's freakin gourd. They are the masters of "it's not what you do, it's what you say". Thankfully I don't think anyone's buying it any more.

[Brian Sweat]

9. Does it say they will be in this country?

[salin]

10. well they were only 208,000 off for the first month

when reality becomes so disconnected from ideology - it gets really easy to make claims such as these job creation claims. They no longer have to be based on anything - no rationale or data... just words. Funniest thing was to see a headline on CBSnews on line yesterday that included within the title: "... :reality of fairy tale"

I can not remember any president's claims being cast as "fairy tales"... as "spin" yes (which means big slant)... but fairy tale? Much stronger implication that it is far beyond spun - and completely disconnected from reality.

[Elwood P Dowd]

11. Here is the breakdown

China - 1.5 million jobs
India - 1.2 million jobs
Mexico - .6 million jobs
Pakastan - .5 million jobs
Others - .2 million jobs

USA - minus .2 million jobs

[Bronco69]

12. They better get started.

I'm still waiting for something to come along.

[HFishbine]

13. Let's see

if the prediction is for an average of 320,000 a month, and only 120,00 were created last month, that means the next eleven months will have to average 338,000. Okie Dokie.

[ShaneGR]

14. By the end of this year every American will have 2 jobs

With a grand total of 100 million new jobs.

[Ilsa]

32. There you go...n/t

My husband already works 12 hours a day. I'm working from home every day.

[Nobody]

36. As soon as I get off work at Mcdonalds....

I'll show up for my shift at Wal Mart.

[Zero Gravitas]

15. sure why not

when you just make the numbers up and people aren't excited about the first number you make up, why not make up a second, more exciting number?

[Cronus Protagonist]

16. And his tax cut was going to give us only ONE million jobs...

http://bushspeaks.com/home.asp?did=123



"With a robust package of at least $550 billion in
across-the-board tax relief, we will help create
more than a million new jobs by the end of 2004."
— G. W. Bush

Source: The Whitehouse -
http://www.whitehouse.gov/news/releases/2003/04/20030426.html


"ANYBODY BUT BUSH" Buttons, Stickers & Magnets

[LiberalFighter]

17. According to WH they already created 112,000 new jobs in January

That leaves 3,688,000 to go. Or an average of 335,272 new jobs from February to December.

Jobs remaining per month if only 112,000 jobs created per month.

01/2004   3,800,000     316,667
02/2004   3,688,000     335,273
03/2004   3,464,000     357,600
04/2004   3,464,000     384,889
05/2004   3,352,000     419,000
06/2004   3,240,000     462,857
07/2004   3,128,000     521,333
08/2004   3,016,000     603,200
09/2004   2,904,000     726,000
10/2004   2,792,000     930,667
11/2004   2,680,000     1,340,000
12/2004   2,568,000     2,568,000


Average Jobs Needed Per Month to Create 3,800,000 in 2004

[nostamj]

24. 112,000 is a LIE... read this! it's only 36,000!

from another thread but a must read:

http://www.nypost.com/business/17568.htm

Scroll half way down the page:

Excerpt:
The problem with the 112,000 is that most of those new jobs don't really exist.

I'll let the Labor Department explain itself in this passage from page 3 from its Friday release: "Retail trade employment increased by 76,000 over the month, after seasonal adjustments. The industry had lost a total of 67,000 jobs in November and December.

"Weak holiday hiring in general merchandise, sporting goods and miscellaneous stores meant that there were fewer workers to lay off in January, resulting in seasonally adjusted employment gains for the month."

By now my readers should have a PHD (pretty high disdain) for Capitol Hill math. This one, though, is a cake taker.

I'll translate: Included in the 112,000 new jobs in January were 76,000 jobs that supposedly exist because people who weren't hired in December couldn't be fired in January.

[LiberalFighter]

27. I figured as much but I decided to use their numbers against them

[w4rma]

18. insane. (n/t)

[SaveElmer]

19. This is EXCELLENT for Democrats

Not even the most optimistic economist believes we will get anywhere near this many. Bushie will now be judged based on his own projection...when he comes up way short he will look even worse. Another bogus claim he can't back up.

[Old and In the Way]

20. We're getting jobbed, that's for sure. nt

[tom_paine]

21. Well, if you're going to lie anwyway

might as well lie BIG...

...I mean Hitler/Stalin BIG!

[mouse7]

22. Rush has been sharing his stash at the White House

They didn't complete the quote.

They actually said, "3.2 million new jobs as badgers, badgers, badgers, badgers, badgers, badgers... and SNAKE!"

[Langis]

23. If he some how creates 3.8 million jobs

I will vote for Bush, but I"ll bet I am safe.

[OneTwentyoNine]

26. Thats it....I'm voting for Bush!!!

He's hasn't lied so far,if he says 3.8 million jobs then by God the Media will report it as 3.8 million jobs!!! What a guy....


David

[bonemachine]

28. Not only will we create of these jobs

We will also do it while outsourcing jobs to save money!

According to the 2004 Bush Economic report, outsourcing jobs is good. For example, outsourcing medical jobs will help controll spiraling medical costs!

In the SOTU, didn't Bush promise we'd be ADDING skilled jobs, like those in medical professions?

******************


Shipping jobs to low-cost countries is the "latest manifestation of the gains from trade that economists have talked about" for centuries, said N. Gregory Mankiw, chairman of the White House Council of Economic Advisers. Just as U.S. consumers have enjoyed lower prices from foreign manufacturers, so too should they benefit from services being offered by overseas companies that have lower labor costs, he said.

http://www.washingtonpost.com/wp-dyn/articles/A26982-2004Feb9.html



America's growing economy is also a changing economy. As technology transforms the way almost every job is done, America becomes more productive, and workers need new skills. Much of our job growth will be found in high-skilled fields like health care and biotechnology. So we must respond by helping more Americans gain the skills to find good jobs in our new economy.

http://www.whitehouse.gov/news/releases/2004/01/20040120-7.html

[Robin Hood]

30. Yeah, And monkeys will fly out my butt.

not likely.

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[smirkymonkey]

33. I thought I heard it was revised upward

to eleventy gazillion jillion jobs?? Straight from the Chimps mouth..

[philosophie_en_rose]

35. How many Walmarts can they build?

What kind of jobs could he possibly build? Exempt (thank you Chao) poorly paid, non-union, 80 hour a week, no health care benefits, unappreciated, hidden slavery?

Is he going to intern liberals to sew shirts for Walmart?
Is he going to draft 3.8 million people to "create" jobs?

:puke:

[drscm]

37. Are you sure they did not say milliner instead of million?

I'm sure that there would be 3.8 jobs available for milliners in the next year.

[aeon flux]

38. Like Kerry said

the authors of that jobs report are probably the same people who gave us the intelligence on Iraq. LOL.

[Nevernose]

39. THIS WILL HAPPEN

When the unemployment runs out for 3.8 million folks this year, it will look like 3.8 million jobs have been created -- at least to those who still have a job.

[Stoker]

40. Wow! that's a lot of french fries!

Are there that many McDonalds in the US?

Stoker