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WHITE HOUSE CLAIM: "President Bush's economic leadership is producing positive results."
FACT: "More than 2.2 million jobs have been lost since Bush took office. Bush is still on pace to be the first President since Herbert Hoover to have a net job loss over his four year term." - BLS Data
FACT: In July 2003, the Counsel of Economic Advisors predicted that the President's latest round of tax cuts would produce 1,530,000 jobs would be created in the first five months. In fact, only 271,000 jobs were created over those five months for a cumulative shortfall of 1,259,000 jobs. - Economic Policy Institute
FACT: "Twenty five major American cities saw a 19% increase in the need for emergency food last year alone." - UK Guardian, 11/3/03
FACT: "New jobs created during the 2004-05 period are forecast to pay an average of $35,855, far lower than the $43,629 average pay of those jobs lost between 2001-03." - U.S. Conference of Mayors, 11/10/03
FACT: "Only 14% of CEOs are planning to increase the pace of hiring." - Business Council Poll, 10/9/03
FACT: Poverty levels have risen for the second straight year in a row ? the first time in more than 13 years. - Economic Policy Institute