October Jobs Report

Well, some good news came out this week about the economy. Finally, we are seeing some job growth under the Bush administration. Over 300,000 new jobs were created in October, although there were over 2,000 job LOSSES in the manufacturing sector. Where did all of these new jobs come from? It is obvious to me now that my friends have pointed out that Christmas is just over a month away. Most of these new jobs were created as a result of seasonal employment in the retail industry. The sustained improvement of our economy is still months away, if it occurs at all under the Bush administration.

As long as the Bushies promote supply-side economics, this country will remain in serious budgetary crisis. If the last twenty years taught this country anything, it should be that extreme economic theories are no match for moderation in dealing with budgets. The Reagan era put us into a deep hole that it took nearly ten years to climb out of thanks to the economic frugality of the Clinton administration. Into the economic panorama steps the current administration and we are right back to the early Reagan years--tax cuts and increased spending. These guys have no concept of moderation in anything they do. Economic balance? Forget it!! If any of you think the jobs market, monetary policy, tax policy, budget deficits, or spending policy will be altered in the least in the four years of a NEW Bush administration, think again. We will get the same bad policies repeated over and over again.

Record deficits. Privatization of anything and everything. Removal of all government regulation, even in cases where it is most needed. The neocons have perverted the economic ideology of fiscal conservatism to some form of 'no tax and spend big anyway' policy because the government can run just fine on deficits--is that so??? NO!!!