Johngalt points out a WSJ Editorial from the other day on "outsourcing." Most of "The Jobs Muddle" is too depressing for a free-trader to read. Senators Dodd, Daschle, Kennedy and Kerry all have legislation pending that will doink with the invisible hand and free movement of capital and labor that make our world wealthy. Sadder still, 25 Republican Senators are joining in the destruction.
A sidebar is interesting in another context. US Bureau of Labor stats compare the economies after four years of President Clinton and President Bush:
| JOBS AND PRESIDENTS | ||
| Comparing Bush and Clinton after four years | 1996 | 2004 |
| Unemployment Rate | 5.5% | 5.6% |
| U-6 Unemployment Rate * | 10.0% | 9.6% |
| Initial Claims (4-week moving avg.) | 377,000 | 352,500 |
| Continuing Claims (4-week moving avg.) | 2.7 million | 3.1 million |
| *includes marginally attached workers (discouraged workers plus others) and those working part-time for economic reasons. Source: U.S. Bureau of Labor Statistics | ||
Thanks for looking this up for me JK. I saw it in the print edition too, but I still don't believe it. These stats seem to indicate that unemployment under "This President's" policies, which are "destroying America's economic security," is about the same as it was after the first term of "the greatest President since FDR" who single-handedly engineered the greatest economic boom in the history of the world. There must be some mistake... or some corrupt, crooked influence of the corrupt, crooked Bush Administration.
Ah, here it is, at www.bls.gov/bls/infohome.htm: Code words like "integrity," "objectivity," and "impartial." Air-tight proof of a conservative bias at the Bureau of Labor Statistics.
Posted by: johngalt at March 20, 2004 05:51 PM