Dnc Ad Says Bush Lost Manufacturing Jobs

[tubebuoy]

DNC Ad Says Bush Lost Manufacturing Jobs.

But even Clinton lost manufacturing jobs in his second term.

August 11, 2004


The Democratic National Committee released an ad Aug. 6 saying 2.7 million manufacturing jobs had been lost under Bush. That's true, but ignores the fact that manufacturing jobs started their decline three years before Bush took office.

US manufacturing employment was in decline for nearly three years before Bush became President. It actually declined by 544,000 between the peak reached in March, 1998 and when Clinton left office, even as the economy added nearly 7.8 million jobs in all categories during the climax of a roaring economic boom that ended a few weeks after Bush was sworn in. In fact, 238,000 of those manufacturing jobs were lost in Clinton's last six month alone, showing that the decline was well-established even before Bush had spent a day in office.

By choosing to highlight only manufacturing jobs, furthermore, the DNC ad ignores offsetting gains in other sectors that have been growing. A look at the bigger picture -- total payroll jobs -- shows a much less severe decline of just over 1.1 million jobs since Bush took office. The decline in manufacturing payrolls has been offset to a great degree by gains in such industries as health care, construction and government (teachers and firemen, for example.)

It is also true that as of June the economy had regained nearly 1.5 million jobs since the worst point in the job slump in August 2003. Even manufacturing jobs are growing: 91,000 have been added since January.

_http://factcheck.org/article.aspx?docID=234


Tube says: Fact of matter is, W's second round of tax cuts was much more effective than his first round. The tax cuts were NOT meant to make life "Fair" but to stimulate the economy. JfK want's to "roll back the tax cuts for the rich" so lets think about what the "rich" do with their money.

One thing I can tell you is they do NOT keep it under a mattress!

1. Worse case is they simply put it in the bank which increases the money supply and lowers intrest rates.

2. They invest it (buy stock) This enables corporations to modernize, expand, and in general hire or at least maintain their work force (you and me?).

3. They buy RICH STUFF! Rich people buy expensive toys and goods which are typicaly manufactured by SKILLED labor.

I challenge ANY kerry supporter to explain what he would do to improve the over all economic trend we are seeing today.

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