No one seems to be writing opinion pieces quite the way I would, so I decided to do it myself.

The name? Taverns are places where one goes to discuss the interesting events and things in the world, so this is my tavern.

I will offer my views on politics, economics, and whatever else strikes my fancy.
I will occasionally publish the entire article from another journal for purposes of causing discussion.

 

George "Hoover" Bush

Bush appears to be on track to be the first US President since Herbert Hoover to preside over a net loss of jobs during his four year term. Even if his optimistic predictions of creating 1.4 million new jobs by the end of 2004 come true, there have already been 1.7 million jobs lost since he took office.

Slate provides an interesting article on US job growth in the last 80 years.

As for tax cuts creating jobs, "[I]n the 16 months after the passage of the 1993 Clinton budget plan, which raised marginal income tax rates on the highest earners, payrolls rose from 110.96 million to 115.92 million. In other words, the biggest tax increase in American history "created" nearly 5 million jobs in less than a year and a half. In the 22 months since President Bush signed his tax cuts in June 2001, the number of payroll jobs has fallen from 132.11 million to 130.41 million in March 2003. In other words, the biggest tax cut in American history has so far "cost" us 1.7 million jobs and counting. "
posted by Richard at 3:28 PM