Democrats' 'Gloomy' Assessment of Economy Shared by Most Americans
While Bush claims the economy is on the upswing, the grim reality is being confronted squarely by Democrats. In their weekly radio address, Dems "pointed to the net loss of 3.1 million jobs since 2001 and a budget deficit expected to soar to $455 billion this year... Dem Gov. Mark Warner of VA blamed Bush's 'massive tax cuts' for the rising federal deficits and for forcing states to cut vital services. 'Right now, this nation is on track for the worst job-creation record since the Great Depression.' While the unemployment rate dropped to 6.2 percent from a nine-year high of 6.4 percent, the decline was due almost entirely to an exodus from the job market of discouraged workers.'" Meanwhile, an AOL main page survey reveals that only 38% of 1.2 million respondents thought the economy was improving, while 48% said it is getting worse (as of 8/3 at 10:00 EDT).
http://www.thestate.com/mld/thestate/news/nation/6447673.htm