Jobless Recovery? - 288,000 Jobs Created in April By Andrew L. Jaffee, April 5, 2003	Home   Search   Forum   Terms

The Labor Department announced this morning that 288,000 new jobs were created in the U.S. in April. This makes for 8 months straight of positive job growth. Last month, Labor reported that 308,000 jobs were created in March, but today revised that estimate upward to 337,000. A survey of economists had predicted only 173,000 jobs to be created in April and for the unemployment rate to hold steady at 5.7%. They were wrong on both counts. The unemployment rate fell to 5.6%. Not surprising, the economists were wrong. But it will be surprising to see how Democrats try to put a negative spin on the good job news.

Sheesh, what a bunch of ghouls. If you believe Democratic apparatchiks like Maxine Waters, the U.S. economy is terrible. Too bad for the Democrats, all the evidence contradicts everything they’re saying. But I should be fair. There are Democrats, like Joe Lieberman, who haven’t completely lost their minds.

The fact is, President Bush’s tax cuts have brought the U.S. economy out of the recession that began under the last few years of Bill Clinton’s term in office. History shows that economies that raise taxes plummet, while those that cut taxes and encourage investment boom. Democratic hopeful John Kerry’s plan for tax increases would destroy the American economic engine -- and Kerry has flat-out lied about the war on corporate fraud. Keeping George W. Bush in office will ensure a long, sustainable period of economic growth.