In the latest of his ever-shifting justifications for his coveted
deficit enhancement plan tax cuts, Bush played the voodoo trickle-down economics card, claiming his tax cuts were a "jobs and growth" package.
Hardly anyone could take that argument seriously, but just inc case, Dwight Meredith ran the numbers: In order to meet Bush's promises, "the economy will now have to create 2,382,125 jobs in the last five months of the year. That works out to an average of 476,425 jobs per month."
In fact, the recent increases in productivity, while good economic news in some regards, basically mean that the businesses can meet any feeble upticks in demand without hiring new workers. While the economy may not be bleeding jobs at quite its former rate, a hiring boom hardly seems likely. In other words, jobless recovery.
As it is, Bush's economic record resembles no one's so much as Herbert Hoover. Bush has so far presided over a net loss of more than 3 million jobs.
George Herbert Hoover Bush...has kinda a ring to it, doesn't it?