On hursday night, John Kerry claimed:

We're told that new jobs that pay $9,000 less than the jobs that have been lost is the best we can do. They say this is the best economy that we've ever had. And they say that anyone who thinks otherwise is a pessimist. Well, here is our answer: There is nothing more pessimistic than saying America can't do better.
http://www.usatoday.com/news/politic...ech-text_x.htm

But reality bites kerry.According to FactCheck.org:;
Kerry continued to talk down the economy using dubious statistics. When he formally announced his candidacy in September 2003 he claimed the nation was suffering the "greatest job loss since the Great Depression," which we pointed out was not true. Now he's saying that the jobs the economy is adding are paying $9,000 less than the jobs they replace. That's not a fact, either.

So this is the aoptomistic campaign Kerry claimed they would run?Just how is talking down a recovering economy optimis.Oh well....this is an election year.

So how did Kerry come by the claim about jobs paying $9,000 less than before?

Kerry bases his claim on an analysis of Bureau of Labor Statistics data by the Economic Policy Institute. But the EPI figures don't support what Kerry said, because they don't actually compare new jobs and old jobs -- only broad averages for entire industries.

The facts are most economists simply can’t agree that the Kerry claim has any validity. Greg Valliere is typical of them:

Greg Valliere, chief political strategist at Schwab Soundview Capital Markets in Washington, was quoted by Bloomberg News as saying both sides are looking at the economy through a political prism.

``On the right, people are saying that these are wonderful new jobs, on the left they are not very good jobs,'' Valliere said. ``In truth, most economists would tell you they're not sure.''

The key to the claimis the information available:

Brookings Institution economist Barry Bosworth, a former Carter administration official, says Kerry's approach is "very misleading:"

“We shouldn't be in the business of trying to compare the rates of jobs lost to those gained because we just don't have the information right now to do it. Trying to measure the gross flow of jobs is really futile.”

Kerry said something else on Thursday night:

I will be a commander in chief who will never mislead us into war.

Well if this misleading $9,000 claim is any indicator, We dont hold out much hope for his promises.

We have Greenspan putting the damper on Kerries clear lie....sorry, misleadding statements;
There is evidence that jobs are being added at both ends of the spectrum, Greenspan said.

For the economy as a whole, he said, "it balances out. . . . We've not been able to find a significantly meaningful change in the quality of the jobs being produced relative to the quality of jobs being lost for the nation as a whole over the last year."
http://www.washingtonpost.com/ac2/wp...nguage=printer

Where these Wage losses do happen they are largely do to an education-gap.This is from workers trying to reorient themselves with the demands of the market. It not a political problem its a temporary one.

Way to go Greenspan and economists: set his arse straight!!



I guess he thinks most people are stupid and he can continue to talk down the economy....and get away with it.

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"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 (NIV)

Yeah I agree. Kerry's too much of a flip-flopper.

Yeah. McSame should use that story as his stump speech in Ohio and Michigan. It's bound to set those people straight.

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"I think the deregulation was probably helpful to the growth of our economy."
-Sen. John McCain 09/22/2008

I never thought that someone would resurrect a thread about Kerry.

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My enduring personal, original quote: Many mistake what should rightly be called "passivism" for pacifism. Pacifism and passivism are COMPLETELY different.
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Ronald Reagan was not the only one to suffer from Alzheimer's Disease. America did, too.
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"I know the human being and fish can coexist peacefully." --President George W. Bush.
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Los Angeles voters=dumber than rocks.