Not good news for the economy, but this is the first time in 4 years. I remember starting posting these in 2002 or 2003 when the media and democrats were hyping up job losses and blaming it on Bush. Then they were silent for 4 years while millions of jobs were created. No doubt the crticism will be back in full effect for at least this month. The good news is unemployment is still low, and GDP is up, so maybe businesses are doing more with less people.

Employment Situation Summary

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http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

So the tax cuts are working?

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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

Adam Smith , The Wealth of Nations 1776

"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address

Yes ,with out doubt, they are

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"Chaplain Charlie will tell you about how the free world will conquer Communism with the aid of God and a few marines! God has a hard-on for marines because we kill everything we see! He plays His games, we play ours! To show our appreciation for so much power, we keep heaven packed with fresh souls! God was here before the Marine Corps! So you can give your heart to Jesus, but your ass belongs to the Corps! Do you ladies understand?"

I think they worked, and maybe now the effect is wearing off. Of course, if they arent made permanent, then we will get a tax raise very soon. I imagine that will be bad for employment.

__________________
http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Despite the "jobs being created" and "tax cuts" the national debt continues to balloon...

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Is our children learning? -George W. Bush

"I think—tide turning—see, as I remember—I was raised in the desert, but tides kind of—it's easy to see a tide turn—did I say those words?"—Washington, D.C., June 14, 2006

"[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004

When engineers, other professionals and former manufacturing employees become burger flippers, jobs are created. Energy, food and core inflation create an illusion of increased tax revenue with stagnated wages and inflated money by creating a current year 'dollar' value. Then you just print more money based on debt to pay the bills, tie it to a historical percentage of a cooked GDP while ignoring unfunded obligations and Joe Sixpack is pacified enough to let mindless entertainment reoccupy his waking hours.

You conveniantly missed that most jobs being created in health services, as well as food service.

__________________
http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Health services? Is that really because of a booming economy, or is it because old people need to be taken care of and the U.S. is about to be flooded with old people?

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Is our children learning? -George W. Bush

"I think—tide turning—see, as I remember—I was raised in the desert, but tides kind of—it's easy to see a tide turn—did I say those words?"—Washington, D.C., June 14, 2006

"[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004

So when Clinton raised taxes and the economy created 22 million new jobs, that showed that tax increases hurt the economy.
Because Bush cut taxes and the economy created 7 million new jobs.
Which is much better if you think about it, because under Bush's plan, 15 million people have the day off.

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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

Adam Smith , The Wealth of Nations 1776

"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address

Both are internal transaction service economy structures, basically stepping on the same old dollars. The US has an aging population funded by public money and is a net food importer. Ho hum. Now if you had pointed out how US companies had hired workers because their export divisions were booming, I might get excited.

That only makes sense if you assume that those 15 million people who got jobs under Clinton actually lost them under Bush. Is that you're assertion?

No?

Oh, then all you're doing is drooling on yourself...

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Obama's New "57 State Patriotic Pin":




Sayeth John Drake - 10/13/08: "OK, you're right, I admit to LYING"

Hopefully that 15 million were the illegals working in agriculture (picking crops).

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Anyone who thinks freedom comes cheap, please put the blindfold on and stand against the wall.

Many times I believe Americans will have to take back the country and start a new government.

Its a job, whats the difference? You are trying to paint the job growth as low skill, low wage, when that is not the case.

__________________
http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Not at all, they arent neccesarily correlated. The 90s was an information revolution which created lots of jobs, even till now. The question is, during the 90s could things have been EVEN BETTER had the govt not raised taxes. Youll notice i said the govt, not clinton. The president can not create laws, only approve them. As someone else pointed out however, more people are employed now than under Clinton. There has been no net job loss.

__________________
http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Goods producing (down) $18.76/hr average
Services (up) $17.03/hr average
Government (up) $34.19/hr average

It is lower skill, lower wage growth, other than high wage government growth. It sounds like you approve of the US pattern of job growth, but I don't consider more big, expensive government, more burger flippers and less goods production a positive change.

I'm not saying anything can be done about it yet due to US adjustment of migration to a post-industrial service economy with record government expansion and debt driving economic growth but I certainly wouldn't consider it anything to cheer about.