Wednesday, July 14, 2004

Have You Seen My Bush Boom Meets Holden's Obsession with the Gaggle

Brad DeLong reminds us that the Bush administration has missed their own benchmark for June 2004 payroll employment by a whopping 1.2 million jobs (Brad also provides a nifty chart).

The administration's jobs forecast was published in the Economic Report of the President on February 9, 2004. This is the jobs forecast that Treasury Secretary Snow, Commerce Secretary Evans, and later the preznit had to back away from a scant nine days later, prompting this classic exchange in the gaggle:

Q Why -- if you're suggesting that people will debate the numbers, that's kind of a backhanded way to say, oh, who cares about the numbers. Well, apparently, the President's top economic advisors do, because that's why they wrote a very large report and sent it to Congress. So why was the prediction made in the first place, if the President and you and his Treasury Secretary were going to just back away from it?

MR. McCLELLAN: Well, one, I disagree with the premise of the way you stated that. This is the annual Economic Report of the President and the economic modeling is done this way every year. It's been done this way for 20-some years.

Q So why not -- why aren't you standing behind it?

MR. McCLELLAN: I think what the President stands behind is the policies that he is implementing, the policies that he is advocating. That's what's important.

Q That's not in dispute. The number is the question.

MR. McCLELLAN: I know, but the President's concern is on the number of jobs being created --

Q My question is, why was the prediction made --

MR. McCLELLAN: -- and the President's focus is on making sure that people who are hurting because they cannot find work have a job. That's where the President's focus is.

Q Then why predict a number? Why was the number predicted? Why was the number predicted? You can't get away with not -- just answer the question. Why was that number predicted?

MR. McCLELLAN: I've been asked this, and I've asked -- I've been asked, and I've answered.

Q No, you have not answered. And everybody watching knows you haven't answered.

MR. McCLELLAN: I disagree.