Today’s Daily Mislead (from the fine folks at
moveon.org) is about how the current loss of jobs is “the largest sustained loss of jobs since the Great Depression.”
Awesome. Our President hates us.
edit: here’s some snippets…
Instead of creating 510,000 jobs in 2003, as President Bush predicted, the Republican-led economy has suffered a net loss of 473,000 jobs so far this year.
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The Bureau of Labor Statistics reported that mass layoffs were the cause of 134,000 jobs lost in August. August marked the seven consecutive month of job losses, a cold dose of reality in the face of the President’s wishful rhetoric.
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So far, however, economic growth has not translated into jobs. In the past 22 months just over one million Americans have lost their job. Added to the 1.78 million lost jobs during the seven-month recession, the period represents the largest sustained loss of jobs since the Great Depression.
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justinª