Top Gun at Job Destruction

Top Gun at Job Destruction

Facebook
Twitter
Email
Flipboard
Pocket

There’s no denying that George Bush knows how to stage patriotic spectacles at sea, but the reality back on shore is not so technicolor pretty. Did you know that Top Gun Bush is poised to become the first President since Herbert Hoover to preside over job destruction rather than job creation? Thanks to Daniel Gross’s article, recently posted on Slate, we also know that Bush’s last tax cut, the largest cut in American history, has so far “cost” America 1.7 million jobs and counting.

For a good comparison of how Bush’s record of job destruction compares to previous presidencies since World War II, check out the following compilation by the International Association of Machinists, which looked at the average growth in monthly employment during the terms of the last fifteen presidential administrations.

Truman First Term: 60,000 jobs gained per month

Truman Second Term: 113,000 jobs gained per month

Eisenhower First Term: 58,000 jobs gained per month

Eisenhower Second Term: 15,000 jobs gained per month

Kennedy: 122,000 jobs gained per month

Johnson: 206,000 jobs gained per month

Nixon First Term: 129,000 jobs gained per month

Nixon/Ford : 105,000 jobs gained per month

Carter: 218,000 jobs gained per month

Reagan First Term: 109,000 jobs gained per month

Reagan Second Term: 224,000 jobs gained per month

G. Bush: 52,000 jobs gained per month

Clinton First Term: 242,000 jobs gained per month

Clinton Second Term: 235,000 jobs gained per month

G.W. Bush : 69,000 jobs LOST per month

Also back on shore: While this Administration stakes out the patriotic high ground, it is decimating programs that benefit veterans, their families and their communities to hand the super-rich another tax cut. (To find out what you can do to expose Bush’s hypocrisy, support the national ad campaign by True Majority and Veterans for Common Sense .)

National unemployment has just increased to 6 percent, the highest in almost a decade. The states face the worst budget crisis since the 1930s. Primary services such as schools, basic health care, sanitation and law enforcement are being undermined. Lines at food banks are longer and longer. Homelessness is on the rise. Even the state agencies charged with combating terrorism are being gutted. As Bob Herbert wrote in his New York Times column, “There is a faint but unmistakable whiff of the Depression in the air.”

No wonder Karl Rove predicts that the 2004 election is going to be “close,” and “competitive.” Maybe he’s been reviewing other stats–like the one that says that since 1900, the only incumbent Republican Presidents to lose a second term have been named Hoover and Bush.

Thank you for reading The Nation!

We hope you enjoyed the story you just read, just one of the many incisive, deeply-reported articles we publish daily. Now more than ever, we need fearless journalism that shifts the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media.

Throughout this critical election year and a time of media austerity and renewed campus activism and rising labor organizing, independent journalism that gets to the heart of the matter is more critical than ever before. Donate right now and help us hold the powerful accountable, shine a light on issues that would otherwise be swept under the rug, and build a more just and equitable future.

For nearly 160 years, The Nation has stood for truth, justice, and moral clarity. As a reader-supported publication, we are not beholden to the whims of advertisers or a corporate owner. But it does take financial resources to report on stories that may take weeks or months to properly investigate, thoroughly edit and fact-check articles, and get our stories into the hands of readers.

Donate today and stand with us for a better future. Thank you for being a supporter of independent journalism.

Thank you for your generosity.

Ad Policy
x