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7.4.06

The jobs myth...

Don't fall for the big lie about "new" jobs.


From WhiteHouse.gov:


The
economy created 211,000 jobs in March and has created about 2.1 million
jobs over the past 12 months - and more than 5.1 million since August
2003.


From Census.gov:










200520001990
Population296,410,404281,421,906248,709,873

Let's do some math, shall we?


296,410,404 - 281,421,906 = 14,988,498 total population increase between 2000 and 2005

14,988,498/5 = 2,997,699 population increase each year, on average

2,997,699/12 = 249,808 population increase each month, on average

211,000 "new" jobs in March 2006 - 249,808 population increase in March = -38,808 ACTUAL jobs created last month



2,100,000 "new" jobs created in the last year - 2,997,699 population
increase in the last year = -897,699 ACTUAL jobs created in the past
year

Yea, a truly great economy. Negative savings rates, huge
trade deficits, enormous federal budget deficits, and an inconceivably
large federal debt.