Quote:
Originally posted by Donut:
I very rarely comment on internal policies in the US but this surely cannot be right. I have been told that there was good news on the US economy.
Can someone please clarify the situation?
"On the Bush-Cheney Economic Record:
The Bush‑Cheney first three years, the unemployment rate has gone up 33 percent, there has been a loss of 2.2 million jobs. We've gone from a $281 billion surplus to a $521 billion deficit. The debt has gone from 5.7 trillion, to $7 trillion ‑‑ up 23 percent. Based on that record, why should the American people rehire you as CEO?"
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Yes, clarified. Though we gained apporx. 120,000 jobs in January, we only gained approx. 1,000 in December. Plus the unemployment rate has gone down a bit, but mainly because people stooped looking for jobs and ran out of benefits. Also, supposedly there is a new plan to reduce the deficit by 1/2 in five years , but I have yet to read an independant analysis that wasn't highly critical of the plan.
The good news is that the current admin is all about helping more the faith-based charities who help the poor.
