The Bush Tax Cut Promise

The Bush Economy,   p. 1  2 3  

Here is what Bush's Council of Economic Advisors said would happen if the huge Bush deficit-causing tax cuts were put in place. 

"510,000 new jobs [are] expected to be created as a result of the proposal over the course of 2003.  Another 891,000 new jobs would be created in 2004."

 

And here is the pretty Bush graph.  But, what are the RESULTS.

RESULTS

Employers added only 1,000 new workers to the nation's payrolls last month . . .David Rosenberg, chief economist at Merrill Lynch, noted that with the revisions the economy had failed to generate more than 100,000 jobs for 11 straight months.
"This is a streak that has never happened before, outside of recessions, at any time over the past 50 years, Mr. Rosenberg wrote." . . .Mr. Sullivan from Morgan Stanley said the year-over-year increase in wages was the lowest since 1987. Once again, the number of temporary employees rose in December KENNETH N. GILPIN, NY Times, 1/9/04