Gephardt TV Ad Misleads on Job Loss
December 4, 2003
Updated: January 18, 2004
A Gephardt ad in Iowa says "George Bush has lost more jobs since any President since Herbert Hoover." That's not exactly true.
In a TV ad that aired in Iowa, Gephardt says the President has “lost more jobs than the last 11 Presidents, ” which is incorrect. Ronald Reagan lost more jobs than Bush, then got them back. Bush could still do the same.
In a TV ad that aired in
Most of the Bush job loss came in the months just after he took office, and especially in the wake of
It now seems likely that Bush will end his term with the economy employing fewer payroll workers than when he took office, according to most projections by private economists. If that happens, Bush's critics will be able to say correctly that he's the first since Hoover to have ended an entire term with a net job loss. But it's premature to say that now. Even Reagan’s bigger job loss was erased less than two years after growth resumed. And several private economists are projecting job gains in the next 12 months that would leave Bush with a net gain in jobs.
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