Back in 2004, George W. Bush and his Republican supporters promised that, in a second Bush term, the economy of the USA would make back all the jobs that were lost during Bush’s first term. That promise has yet to be realized. In fact, there has been some backsliding. In August, 2007, for example, economists predicted that there would be 100,000 new jobs in the United States.
Instead, the economy lost 4,000 jobs. That slip, when gains were expected, has led many economists to increase their estimates of the likelihood of an economic recession next year.
Fewer jobs for more people – we can expect more of this economic stagnation if we elect another supply side right wing President in 2008.
(Source: US News and World Report, September 10, 2007)
