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Author: tc001 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Crystal Ball (the future?) Date: 4/20/1998 8:44 PM
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<<Dallas Federal Reserve Bank, economist (economic historian) W. Michael Cox:
In the last six and a half years alone, our economy has added 15 million new jobs."And that's net new jobs," he says. "It's been estimated that 25 million jobs were destroyed during that period so we really created 40 million new jobs." 3/29/98>>

Now for a side comment completely off the original track:

I suspect that the 25m jobs destroyed were high quality, Reagan-era jobs and the 40m jobs created were those wonderful Clintonite positions like midnight basketball counselors and paid Americore "volunteers" (or whatever that bogus program was called). Although, I do think a significant number of the new positions may indeed have been for lawyers, most of whom are now being retained by the White House.
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