On the recordApril 2, 2004
for 38 months, the Bush administration has had job loss. We join in the celebration that we have had jobs created, and the President during the next 7 months until the election will have to create another 2.5 million jobs to not be known as the only President since Herbert Hoover who created no private sector jobs. So he has 2.5 million more jobs to go, and we hope that he beats Herbert Hoover's record. Let me also say, the numbers that came out today indicate the unemployment rate went up this month. It was not stable. It went up. It went up from 5.6 percent to 5.7 percent. This number is not an irrelevant number. I will also say that when Senator Kerry spoke, of course, he was dealing with what took place in the Clinton years. When President Clinton took office from President Bush 1, the unemployment rate was 7.4 percent. During President Clinton's administration, as a result of the very difficult deficit reduction vote that took place in 1993 where not a single Republican voted in the House or the Senate for the deficit reduction plan, the deficits disappeared and unemployment dropped downward significantly, from 7.4 percent to 4 percent. That is where we were when this man, the President of the United States George Bush, took office. Senator Kerry was talking about how good things were when it was 5.4 percent because it had dropped 2 percent from Bush 1 to Clinton 1. The number of people unemployed in America today--5.7 percent--is not irrelevant.
Source
govinfo.gov




