Bush blames job loss on 9/11, on MSNBC now.

[mb7588a]

...this was only a matter of time before he did this.

"It changed the psychology" of our nation etc.

"When you turn on the TV in the summer of 2002, and it says, 'America marches to war,' it doesn't give confidence for people to invest, and without confidence, people can't employ people..." <--- not an exact quote, but close.

tax cuts are good.. blah blah blah what a buncha shit. I BLAME JOB LOSS ON BUSH. duh.

[TrueAmerican]

1. Has he linked it to Clinton yet?

And the inflated tech economy of the 90's?

[mb7588a]

4. nope. "Small business owners not employing anymore,"

but George, that's because small business can't compete.

There was a bit about corrupt corporates etc...

Still more on taxes. heh.

[nostamj]

2. he's given this exact "speech" dozens of times

meaningless babble.

'bad tax, bad tax' - yeah, for RICH pukes like you asswipe!

[Kathy in Cambridge]

3. He'll blame it on anything but his own f**ed up economic policies

Republicans: The Party of Personal Responsibility

[ramapo]

6. How many years?

Would AWOL have to be pResident before he felt a twinge of responsibility for anything ???

[Ladyhawk]

5. Seriously, do you think some of the job loss could have been because 9-11?

I don't think it gives * a pass because I'm convinced he's responsible--LIHOP or incompetence--one way or the other. However, it seems logical that some job loss would have occurred because of 9-11.

Tell me why I'm wrong...if I'm wrong.

[mb7588a]

8. Manufacturing jobs? no.

I'd say some of the service jobs maybe, the insurance jobs, the tourist and transportation jobs definitely.... I dunno.

I can't blame 2.6million lost jobs on 9/11 and think myself smart after doing so.

[ramapo]

10. 9/11 Job Loss?

One can honestly blame 9/11 on job losses in NYC, the airline industry, and... Ummmmm I'm sure there are some other related losses. However it didn't send the entire economy down the crapper.

[Media_Lies_Daily]

15. IMHO, because I watched it happen, the jobs started to disappear...

...after Junior's NeoCon Junta Coup of December 2000. They disappeared completely for about nine months after 911.

Some hiring has been done in the last year but they have been temps, contractors, and part-timers. They are far outweighed by jobs outsourced overseas, and jobs lost in the States.

[BillZBubb]

24. Some job losses, but very, very short term only

Not enough to be significant and certainly not sustained until this year!

Look at the GDP numbers (Gross Domestic Product: Chain-type Price Index, U.S. Department of Commerce: Bureau of Economic Analysis):

2001-07-01 102.676
2001-10-01 103.078
2002-01-01 103.364
2002-04-01 103.738
2002-07-01 104.123
2002-10-01 104.571

Notice the GDP continued to grow from October 2001 onward. There was no significant downturn in the economy! That means there was growth in economic activity and jobs should have been created, not lost.

9-11 is a convenient Repug excuse with NO BASIS in fact. The truth is that Bush* and his cronies are clueless about job creation.

[Jacobin]

33. It should have translated into INCREASES

think about it:

Zillions of airport screeners
War crap bought out the kazoo
Homeland security purchases and hires
the list is fricking endless

[Emma1379]

34. actually...

Actually, consumer expectations and fears for the future can have a huge impact on the economy, in both the short and long term. Employers are less likely to hire new workers if they are apprehensive about the future. Businesses are less likely to invest capital, or expand. So 9-11 can be blamed for a large part of the economic downturn, though obviously not for all of it.

[Blue Gardener]

36. Welcome Emma1379!

I'm apprehensive about the future because of the number of jobs moving overseas. That has nothing to do with 9/11.

[Emma1379]

48. Thanks! :)

I agree, the amount of outsourcing going on is frightening. Bush was wrong to claim that outsourcing is a good thing. Maybe it's a good thing for the developing world...but what we need are American jobs!

[nostamj]

41. that's verbatim from *'s speech today...

and I still think it's BS.

as I recall, from my vantage point here in NYC, people RALLIED after 9/11. blindly, even hysterically perhaps.

even companies that were housed in the WTC were up and running within days. and lots had, sadly, many job openings.

if 'fear' has a long-term impact on the economy it's because BushCo relentlessly pursues and agenda of fear-mongering, not because of any genuine after-effect of 9/11.

[Emma1379]

49. I didn't hear his speech...

I personally didn't hear his speech today. What I was saying is just stuff you learn in your basic Economics 101. I mean, who knows the extent to which fears over 9-11 are really influencing the economy and how much other factors are contributing, but one could argue that 9-11 did affect the economy in a negative way.

[wellstone_democrat]

47. yes, the "consumer confidence rating" matters

but, for much of the period since September 11, 2001 that ccr has been good (and at moments excellent).

The tragedy of September 11th has become the great catch-all. In this case though, I think that the sheer number of outsourced jobs in the past 12 months was not a product of that but of the profit climate on Wall Street. Thousands of jobs have been lost from MCI, Enron and any number of companies that publicly failed or moved their jobs. Those were not September 11th related they were simple financial malfeasance and profit-chasing decisions.

I would suggest, and I think that my colleagues who are economists would agree based on their statements publicly and privately, that the CCR has become a serious factor since 2003. Look at foreclosures and their ripple effect in Houston alone.

[central scrutinizer]

37. krugman addressed this a couple of years ago

I don't have a link or remember the exact numbers, but even using very generous estimates of the economic impact of September 11, in the scheme of the overall economy of the US, which is many orders of magnitude greater, it was little more than a rounding error.

[GregW]

7. What about job losses BEFORE 9-11?

:eyes:

[nickinSTL]

12. job losses before 9/11

My fiancee lost her job two months BEFORE 9/11. So I know they were already going.

9/11 no doubt added to the problem, but it wasn't the root CAUSE.

[Ladyhawk]

19. How many jobs were lost before 9-11.

Does anyone have statistics. I'm very interested in this.

[teach1st]

21. The jobs lost before 9/11

were Clinton's fault. The jobs lost after 9/11 were 9/11's fault. 9/11 was Clinton's fault. Iraq was the CIA's fault, but that's Clinton's fault.

The buck stops over there! No, over there!

[Media_Lies_Daily]

9. Excuse me, Junior, but as a former self-employed technical recruiter,...

...the jobs started disappearing after your NeoCon Junta Coup of December 2000.

[ramapo]

14. What happened to the Bush recovery?

I'm still waiting. My neo-con business partners were so happy Bush won. They kept going on about the upcoming Bush rally. Well I've watched our computer hardware/consulting business go almost down the tubes. No more hardware cause nobody's buying. Not much consulting cause, guess what...jobs are going offshore.

[Media_Lies_Daily]

17. Sounds very similar to my experience...

...in fact, I was hired as a contract recruiter before the 2000 election by a recruiting firm in my area. They were filled with NeoCon, bible-thumping, Clinton-haters.

Well, I could only stand so much of that...I finally told them that if Junior and his cronies somehow made into the White House, we would be in for some mighty tough times. They laughed, and I left. I've been tempted to call them lately to ask them what they think of Junior now.

[Cronus Protagonist]

42. Same happened to me - The Supreme Clowns decision = lost business

Everything plummetted after the Supreme Clowns stole the election. Clients called and cancelled contracts out of the blue. No new clients to be found - everyone began laying off people and outsourcing to India. It was a mess. I'm still recovering.


"FUCK BUSH" Buttons, Stickers & Magnets

[Cooley Hurd]

11. He's HIGH...

...no, I mean he's literally HIGH. Maybe on the Hillbilly Herion?

[MrBenchley]

13. Consumer confidence collapsed

when this unelected drunk was shoehorned into the office he didn't win....

[Ladyhawk]

20. Nice graphic...think I'll save that one.

[MrBenchley]

26. Spread it around

You might also mention that on September 10th AshKKKroft was announcing budget cuts in the war against terrorism.

[diamond14]

22. proves that 9/11 had NOTHING to do with it....BUSH LIES

OUR SOLDIERS DIE....

the whole economic impact from 9/11 was very minimal on the GREAT BIG economy of the United States....

I hope Kerry stands up to this continuous bushite lie...it goes right along with WMD and Clinton caused it LIES....

[GregW]

38. BTW - Here's a link to the article

Right Here

Abstract: "It's a little early to give a judgment on the rebates, but certainly the first take isn't very good," says Ethan Harris, a senior economist with Lehman Bros., which had strong expectations for the program. Lehman now estimates that consumers are spending only about 15% of their rebates on retail items, with another 15% going to non-retail items, such as vacations, haircuts and other services.

Sorry folks, you have to pay for the rest.

[Blue-Jay]

16. I blame myself for the shitty economy.

Apparently, I didn't shop enough after we were attacked.

Sorry about that.

[Media_Lies_Daily]

18. Don't worry! Shop and be happy! Get your Soylent Green right here!

[ComerPerro]

23. Everyday 9/11 benfits Bush more and more

And every day it looks more and more suspicious.

[aquart]

25. ANOTHER reason NOT to march to war, George.

[lpbk2713]

27. The Dow & NASDAQ took a nosedive right after Smirky's remarks.

Can't they just keep him away from microphones for another year?

[qanda]

28. He likes to take the credit for anything that goes right

But none of the responsibility for anything that goes wrong.

Just one more reason to send him back to Crawford.

[Skittles]

29. UM

WHAT HAS GONE RIGHT ???

[qanda]

32. Good question

I wish I had an answer for you.

[Ksec]

30. " a pres has no effect on econ.we inherited Clintons dropping numbers."

What?

[lpbk2713]

31. Fuzzy math........................... n/t

[Brian Sweat]

35. He's got the buck moving so fast, if we could harness its energy

we'd have enough to last a thousand years.

[snippy]

39. Four things struck me about this Bushshit speech.

First, the beady eyed little liar seemed unsure of himself and almost frightened. The applause seemed pretty muted. I wonder whether some of the small business people he met with told him things he did not want to hear.

Second, while talking about Iraq he said something like he would not let a madman be responsible for the security of the American people. I THOUGHT HE WAS GOING TO ANNOUNCE HIS RESIGNATION.

Third, he started talking about all the troubles the country has faced since he took office. I thought why not just summarize by saying the country has had to endure another Bush presidency?

Fourth, he kept saying Congress had passed the tax cuts with the provision that they would expire. I want to ask Bush "What dumb fuck signed that law?"

[SammyWinstonJack]

40. What a WHINER!

He's even blaming the "TV". What a simpleton he is. Plain spoken, what a joke.

[OneTwentyoNine]

43. 9/11????????? Ummm.... its now 2.5 YEARS later Chimp....

That BS about jobs lost even after 9/11 was bogus. Those jobs weren't lost because two jets flew into two buildings. They've been lost because of a bungling,tinkle down type of economy. The economy was going south WAY before 9/11.

It happens every time one of these repigs gets in office. People hunker down and stop buying because they know what the future will bring. By doing that it turns into a snow ball effect,same thing happened in spades during St.Ronnie's eight years.

David

[9215]

44. Even if that's true

it still makes it Bush's fault, hee, hee. Since he LIHOP. ;)

[kodi]

45. this is strange, bush is now telling us what is wrong with america

whether, in spring 2000 he would cut taxes because of a booming economy, to bad mouthing the economy all thru the fall 2000 campaign as a reason to have tax cuts. all that has happened is a massive transfer of wealth to the already wealthy.

anyone who earns their money from investments is doing a hell of a lot better than those who survive by their labor.

this is why bush is talking up the stock market and corporate profits, but doesn't mention the jobless rates.

when ever i see GDP numbers all i can think of is what my old econ prof told me: "car crashes increase GDP by employing autobody shop workers. so maybe we should abolish traffic lights to help the economy?"

[spanone]

46. Why would you vote for bush*? Hasn't taken responsibility for anything.

[MisterP]

50. find any links to it yet?

[a priori]

51. Impossible!

Everyone knows it was CLINTON'S FAULT! Because everything bad that happens in office is the fault of the democratic president that was prior to him, but everything good that happens is entirely his own doing. Duh.

But really, what do you expect? Him to get on TV and say "Sorry, my bad. Looks like I am an idiot and know next to nothing about economics." The only thing we can do is hope that the moderates see that for what it is: a bald face lie.

[bravejet69]

52. Call Him Irresponsible

Don't you know Bush is not responsible for anything bad that happens in his administration. It is always someone else's fault