If trends don't improve, Bush may fall like father

Peter Morton, Washington Bureau Chief
Financial Post

Monday, October 06, 2003

WASHINGTON - George W. Bush has to be praying for a miracle -- a job-creation miracle.

Since taking office in January, 2001, the U.S. economy has shed nearly three million jobs. Statistics released on Friday showed the economy gained 57,000 jobs in September -- the first employment gain in eight months. But the unemployment rate remained at 6.1%.

But September's increased jobs total is only about a third of what Mr. Bush needs to see every month for the next year just to keep the unemployment rate from rising from its current 6.1%.

He is in the process of trying to raise US$200-million for his re-election campaign next year. All the while, he has to be thinking about what happened to his father.

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