Just in Case You Were Counting

The press has done a horrible job both prior to and throughout the election season covering the real differences between projected and real job growth as a result of Bush's tax cuts.

Did you know the administration was way off the mark? Way, way off the mark? Just in case you were counting, and so you can share it with your relatives who think they know but really don't, here is a handy dandy chart from jobwatch.

The November job growth of 112,000 jobs falls short of this target by 194,000. Overall, the projection that 5,202,000 jobs would be created over the last 17 months is not close to having been realized. In reality, since the tax cuts took effect there are 2,986,000 fewer jobs than the administration projected would be created by enactment of its tax cuts. As can be seen in the chart below, job creation failed to meet the administration's projections in 15 of the past 17 months. It is apparent that, with just one month to go, the tax cuts have not worked as advertised.

Pretty bad, huh?