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The One and Only... The One and Only... is offline
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Join Date: Jun 2003
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Old Jan 13th, 2004, 05:48 PM       
If people stopped looking for work, unemployment would either 1. stay the same if you are talking about the currently unemployed or 2. rise if people stopped working. I don't see how unemployment could drop from this.

Not only that, but you think of a good economy as one with lots of jobs. Hint: that is not the only factor in the economy. Even so, I've never heard such optimistic estimates for Dec. 2003... FROM ANYONE. "Most economists" expect 2004 to have only a very, very moderate rate of job growth, possibly lowering the unemployment rate to 5.5-5.3 by the end of the year.

Another repulsive trait of this article is that it seems to think that the president is to blame for this. Try again - our friend Greenspan leads the economy far more than those in other offices. Let's not forget that Bush came in on a recession.

Perhaps the most disgusting thing about this article is that it tries to disprove the correlation between tax cuts for small business owners and job growth with empirical "facts" (I quote because the one about he economic preditions seems quite fudged). The economy is not some scientific experiment - there are too many uncontrollable variables to treat it as such.

In short, I find this absolutely abhorrent.
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