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02/17/2004 Archived Entry: "Backing off from their predictions - again."
Backing off from their predictions - again.
Of course, it was one of the more stupid predictions ThugCo has made.
Treasury Secretary John W. Snow distanced himself on Tuesday from the Bush administration's official prediction that the nation would add 2.6 million jobs by the end of this year.That prediction, which is far more optimistic than that of many private sector forecasters, was part of the annual economic report released last week by the White House Council of Economic Advisers and was immediately echoed by Mr. Bush himself.
But on a tour through Washington and Oregon to promote the president's economic agenda, Mr. Snow and Commerce Secretary Donald L. Evans both declined to endorse the White House prediction and cautioned that it was based on economic assumptions that have an inherent margin of error.
"I think we are going to create a lot of jobs; how many I don't know," Mr. Snow said, adding that "macroeconomic models are based on a lot of assumptions" and are "not without with a range of error."
Unemployment and the nation's surprisingly sluggish pace of job creation has become a significant political weakness for Mr. Bush, who is on track to be the first president since Herbert Hoover to end his first term with fewer jobs than when he started.
[...]
Mr. Snow and Mr. Evans are traveling around the Northwest in a bus that has been used by touring performers like Bon Jovi and Styx. Secretary of Labor Elaine L. Chao and Hector V. Barreto, head of the Small Business Administration, are on the tour as well to promote the administration's job-training programs and assistance for new companies.
Great. They drive around in Bon Jovi's bus, telling people that those jobs they promised stand a good chance of not materializing. Assholes.
Replies: somebody speaks up.
Any chance Styx accidentally left a little stash under a seat cushion perhaps? This is coming dangerously close to a truthful statement from a member of the Bush administration and any time I see or hear tell of such a thing I suspect the involvement of particularly potent pharmaceuticals of dubious legality.
And my life savings (currently $3.16) to anybody who will sneak up to this bus in the night and plaster it with Firesign Theater stickers. :-)
Posted by Xan @ 02/17/2004 10:00 PM NY
