"Harry Krause" wrote in message
news:c3dhc2g=.11a10c49ca3423911f02699cbc6b988a@107 8165397.nulluser.com...

Thanks to the Bush Administration fiddling while our jobs have burned,
we're down 2.5 million jobs since the idiot assumed office.

snip



Bull!

http://www.newsmax.com/archives/arti...5/171833.shtml
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The media and Democrats keep repeating it over and over: "2.3 million jobs
lost" since President Bush took office. His could be the worst job record
since before World War II, they claim.

One little problem: It's not true.

Not only has there been no net loss of jobs during the Bush administration,
there has been a net gain, even with the devastation of 9/11. At least 2.4
million jobs have been created since the president took office, 2 million of
those in 2003. The gains more than offset the losses.

The problem is the areas of biggest job growth are usually not even being
counted at all.

Though 75 percent of jobs are created by small companies, according to the
Small Business Administration, this sector's entrepreneurial activity and
the jobs it creates are left out by Washington bean counters when
calculating official new job numbers.

The Bureau of Labor Statistics (BLS) does its Payroll Survey by phoning
businesses to crunch the number of jobs that have been gained or lost. This
is where Democrats grabbed onto their lifeline, the 2.3 million figure. Look
only at the Payroll Survey, and there has been a gain of only 522,000 jobs
since Bush took office.

But here's the rub. The Household Survey is used to determine the
unemployment rate and accounts for those who are self-employed, and small
emerging businesses that might be overlooked by the Payroll Survey. But the
number of U.S. firms isn't static, and the "fixed list" used by the BLS for
phoning established businesses does not reflect new entrepreneurial
activity.

As Economy.com writer Haseeb Ahmed recently wrote, "something is amiss in
the [Payroll] survey."

That's not all. When doomsayers, and media spoiling for a fight in an
election year, laughed at Bush's prediction of 2.6 million new jobs this
year, not everyone was scoffing.

Ahmed, Federal Reserve Chairman Alan Greenspan and others hardly batted an
eye. Greenspan said it was "probably feasible" the economy would reach the
Bush administration's forecast of adding 2.6 million jobs this year,
provided growth continues and the productivity rate slows to more typically
levels.

"I don't think it's 'Fantasyland,'" Greenspan said.
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