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Friday, October 08, 2004
I have this nagging question that keeps coming to me at odd hours. It involves the constant pessimism, the insistence of the left, specifically the boosters of John Kerry, that says that the Bush administration will be the first presidency to lose jobs in a single term (585,000 or 913,000 net jobs lost, depending on which report you consider). Today's jobs report showed an increase of 96,000 jobs, but this was apparently not good enough for the mainstream media. Since the aftermath of September 11th, there have been subsequent job increases. In fact, in 2004, the economy has added 1.69 million jobs (according to the household survey). Even so, this is a figure that just doesn't make the grade for the Bush detractors.
Consider this. President Bush inherited a recession, a tech bubble burst, corporate accounting scandals, and the events of September 11, 2001. Recall how paralyzed the national psyche, and, by extension, the economy was in the wake of those events. The Democrats have made a big issue of the aforementioned job losses, as they are so entitled. Given the climate of uncertainty in the United States during the first half of the Bush presidency, how exactly would a Kerry administration have handled the economy differently? Would his monetary policies have differed from the Feds? Would he have raised taxes in a recession? Would he have adopted more Keynesian policies?
I'm weary of hearing that Bush is bad and Kerry is good. I want to know specifically what Kerry would have done differently. That's not too much to ask during an election season.Labels: Archives_2004
.: posted by
Dave
3:18 PM
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