Thread: GW policies costing jobs......
10-04-2004, 01:58 PM #1
GW policies costing jobs......
In the battleground state of Wisconsin, more than 50,000 manufacturing jobs have been lost since George W. Bush took office, a bulk of them directly due to outsourcing, and the number of people unemployed in that state has increased by 40,000, according to the state’s labor department. In North Carolina, another battleground state, 71,300 jobs have been lost between March 2001 and June 2004, according to a report released this month by the North Carolina Justice Center. “This has led to an increase in the number of workers who are long-term unemployed (over six months), who run out of unemployment benefits before getting a new job or who take part-time work when they need full-time” the report says.
One of George W. Bush’s worst legacies as president, aside from the war in Iraq, will be that the United States lost almost one million jobs during his term. Moreover, 2.7 million jobs have been outsourced since Bush took office, largely due to the lucrative tax credits corporations receive for shipping jobs overseas under Bush’s tax plan. Meanwhile, the president has managed to turn a $125 billion surplus into a $400 billion deficit in just over three years.
In his defense, Bush cites the 1.7 million new jobs created over the past year as proof that the economy is turning a corner and that his tax cuts have made a difference. Still, that’s far less jobs created than in the worst year during President Clinton’s eight years in office, according to the U.S. Department of Labor.
10-04-2004, 02:02 PM #2Originally Posted by Badgerman
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