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Reply #2: It's really been a lot more than that. [View All]

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-08 07:55 AM
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2. It's really been a lot more than that.
The Labor statistics have been cooked for a long time to look better than they are.

The number of jobs needed to be created JUST TO STAY EVEN to account for things like 18 year old entering the job market, etc. was always considered to be 250,000. We have really had net job loss for a long time and not to mention the numbers of people who are underemployed (part time when they want full-time) or overemployed (they have to work 2-3 jobs to keep heads above water, not to mention that they drop people off the unemployment rolls at some predetermined time, so the longest term unemployed are also under reported.

Someday, maybe Krugman or someone can do a nice summary of what really happened in the Bush years.
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