Friday, March 05, 2004


Back when the last round of tax cuts were passed, they were sold as a jobs program. The Bush administration claimed that if their tax program passed the economy would add an average of 306,000 jobs per month. By now, we should have had an additional 2,448,000 jobs. There are actually only 294,000 net new jobs, and so we're 2,154,000 behind what the Bush administration had promised.

They said magic tax cuts would create jobs. They didn't.

...DeLong has another pretty picture.