Sunday, February 08, 2004

Well, it didn't take the left long to respond. Here's the DNC's response NOTE: .pdf file I'll take it that my readers know that means you'll need Acrobat Reader to view.

While reading it, I noticed that the DNC has stated 'projections' as facts. They are most certainly not facts. The fact is that they are estimates. The further out your estimates are, the more likely that the facts will support a different conclusion.

The other thing that is demonstrably wrong, is that both Bush's and the DNC's statement about 'job growth momentum' are flawed. Bush's 'momentum' states that "there is good momentum when it comes to the creation of new jobs." This isn't quite right.

The DNC's statement that "job growth is weak," fails to take into account the recent levels of new job growth. This statement is closer to being accurate, but it is also misleading.

The most accurate statement is that we have had job growth momentum over the last few quarters, but that momentum is now showing real signs of tapering off. Of course, the results have indeed been far below Bush's public
projections.(I'm still reading O'Niell's book) See graph

The bottom line is, at this point in time, the economy has lost 2.2 million jobs under Bush's watch.

CAP is in on the act as well, replete with good source material. A much more accurate portrayal. After having read it twice now, it is very good indeed. I'm saving a local copy. :)

It's certainly no secret that George Soros put up at least $3 million bucks to get CAP running. It appears to be money well spent. Sure, it's a left of center organization, but these folks do their homework.

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