dognduckhorn
500+ Posts
What a difference a week makes:
"Inflation's low. Productivity's high, but there are certainly some troubling signs, serious signs that the economy is weakening and that we've got to do something about it," said Bush, who spoke just hours after the Labor Department reported that employers cut 17,000 jobs in January.
It was the first such reduction in more than four years and a fresh sign that the economy might be stalling. And it ended Bush's repeated claim - made most recently in his State of the Union address - that "America has added jobs for a record 52 straight months."
On Friday, at Hallmark Cards Inc., Bush said, "A serious matter is that for the first time in 52 months we didn't create jobs."
Why job market is even worse than you think
"And so the question is, what do we do about it? ... I do think government has a responsibility. I think government can take decisive action to help us deal with this period of uncertainty," he said.
Bush said the economy was going through "a rough patch."
______________________________________
money.cnn.com/2008/02/01/news/economy/bush_economy.ap/index.htm?cnn=yes
As I've said elsewhere on this board, there is little that Bush can do -- NOW -- to change this, but it is one more domino falling in this Administration.
Add to that some bad news about AfghanistanThe Link
About the only thing left that would make it worse for Bush is if we were to suffer another terrorist attack on our own soil. And I pray to God that does not come to pass.
"Inflation's low. Productivity's high, but there are certainly some troubling signs, serious signs that the economy is weakening and that we've got to do something about it," said Bush, who spoke just hours after the Labor Department reported that employers cut 17,000 jobs in January.
It was the first such reduction in more than four years and a fresh sign that the economy might be stalling. And it ended Bush's repeated claim - made most recently in his State of the Union address - that "America has added jobs for a record 52 straight months."
On Friday, at Hallmark Cards Inc., Bush said, "A serious matter is that for the first time in 52 months we didn't create jobs."
Why job market is even worse than you think
"And so the question is, what do we do about it? ... I do think government has a responsibility. I think government can take decisive action to help us deal with this period of uncertainty," he said.
Bush said the economy was going through "a rough patch."
______________________________________
money.cnn.com/2008/02/01/news/economy/bush_economy.ap/index.htm?cnn=yes
As I've said elsewhere on this board, there is little that Bush can do -- NOW -- to change this, but it is one more domino falling in this Administration.
Add to that some bad news about AfghanistanThe Link
About the only thing left that would make it worse for Bush is if we were to suffer another terrorist attack on our own soil. And I pray to God that does not come to pass.
