Bush said: “Tonight I will set out a better path – an agenda for a Nation that competes with confidence – an agenda that will raise standards of living and generate new jobs.”
FACT — JOB GROWTH UNDER BUSH LOWEST SINCE WORLD WAR II: Even since the 2003 tax cuts, job growth has been historically weak, growing at less than half the average rate for similar periods in comparable post-war recoveries. [Center for American Progress, State of the Economy, 1/26/06]
FACT — FEDERAL SPENDING ON WORKER EDUCATION AND TRAINING IS LOW: Federal spending on employment and training for dislocated workers in 2005 was just $1.5 billion, less than the amount spent on highway aid and less than was spent in 2000 ($1.6 billion), when the unemployment rate was lower. [Detroit Free Press, Bruce Katz Column, 1/23/06]
FACT — WORKERS ARE LOSING PENSIONS: The share of workers with a pension declined from 50.3 percent in 2000 to 40.6 percent in 2004. [Congressional Research Service, Pension Sponsorship and Participation]
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