so what?
The point is an economy needs to make as many new jobs as there are people entering the workforce or it goes backward. Also it now needs to make a lot more than that to absorb the current unemployed.
The likelihood is this is happening because Bush cocked it all up. He went against what the economists said to do and now this disaster has occured. Even Greenspan was apparently against the tax cut the way it was, as was the Treasury Secretary O'Neill.
There's no way Bush can claim he knew what he was doing. There is no group of experts on the subject who supported him so he can't say he took anyone credible's advice. He went on his gut feelings, his gut was wrong, and now he has no one credible to back him up.