What has Bush done?

[Flatrater]

Latest Numbers from the Bureau of Labor Statistics
Consumer Price Index:
+0.6%

May 2004
Unemployment Rate:
5.6%

Jun 2004
Payroll Employment:
+112,000(p)

Jun 2004
Average Hourly Earnings:
+$0.02(p)

Jun 2004
Producer Price Index:
+0.8%(p)

May 2004
Employment Cost Index:
+1.1%

1st Qtr of 2004
Productivity:
+3.8%

1st Qtr of 2004
U.S. Import Price Index:
+1.6%

May 2004
Other DOL Statistics:


Unemployment Initial Claims:
310,000

Jul 03 2004
Federal Minimum Wage:
$5.15



http://www.dol.gov

[taranaki]

Nice..a few figures from the governments own website! Not even remotely partisan!

Got some figures on how much of a deficit he's run up in the relatively short time that he's been in office?

[Flatrater]

The DOL can care less who is in the Whithouse be it a republican or a democrat.

[YogsVR4]

Originally Posted by taranaki

Nice..a few figures from the governments own website! Not even remotely partisan!

Are you suggesting that the government shouldn't publish its numbers? The people quoting the number of people are out of work also use the department of labor statistics.

Got some figures on how much of a deficit he's run up in the relatively short time that he's been in office?

Its on the order of 4% of GDP. Its still to high. A 2.5% rate could be sustained indefinately. During times of war or recession (which we had both), deficit spending is how the economy gets a kick start. Now its time for the president and congress to get spending under control. If they just hold spending at the current rate - no increase more then the rate of inflation, the deficit will fall back down under 3% next year and lower still after that.


To anyone who would like a primer on what the deficit means
http://www.cepr.net/real_budget.htm but note that when this was written, the projected deficit was about 600 billion. The Iraq war added about 40 billion more in unexpected outlays. However, the deficit is now projected at 480 billion (including the Iraq outlays). Just shows how well the budget office really does When Clinton was in office, they originally projected deficits every years which obviously didn't happen. They've been wrong by as much as 120% each direction. But, the site does have a pretty good description on the budgeting.













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