And the jobs are then usually strong for many months slumping to solid but not gangbusters. This time we got 2 great months, 2 sorry months, and one barely adequate month YEARS after the GDP turned upward. I don't have a link handy, but I'm sure you can find any of the many articles on this issue if you put your search skills to good use.
There is no way Bush can claim his cuts helped a jobs recovery except with slight of hand pointing to the turn up in GDP rather than jobs. We know jobs are going overseas and we know plants are being built there. It takes money to do that. Companies usually retrench not invest during recessions. This time the recession had modest impact on profits yet horrendous impact on jobs. What's different? Well for one Bush's tax cuts. They were supposed to be reinvested at home and creat more jobs. Why didn't they work as justified?
Regards,
Mark
Current Events » in reply to re: A Possible Explanation
It Normally Takes 6 Months For Jobs to Follow GDP Upward
