we are discussing unemployment insurance. A few of these charts really tell the story. If we take a look at the economic record over the last year and a half, we see some rather dramatic things have occurred. When President Bush took office in January 2001, 648,000 Americans were listed as ``long-term unemployed.'' That is more than just a temporary loss of a job. These are people who have been unemployed for more than 26 weeks. By August of this year, that number had more than doubled to 1.4 million Americans facing long-term unemployment. In fact, if we compare the record of the Bush administration on private sector jobs, it is a dramatic indication of the failure of our economic policy. This chart starts with President Eisenhower, goes through every single President, all the way to President George W. Bush. Without exception, every one of these Presidents saw an increase in private sector jobs during their administration. The largest increases came under President Johnson, then President Carter and President Clinton. There is only one President who has seen a decline in the number of private sector jobs in their administration, and that is the current President, George W. Bush. So fewer jobs are being created, and there is higher unemployment.
Editor's note · Context
Discussing unemployment insurance and the economic record under President Bush.
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