US President George W. Bush said Friday the US economy is "getting stronger," brushing aside surprisingly anemic July job creation that Democratic White House contender John Kerry pounced upon as evidence of economic mismanagement.
Pressing his campaign for another four-year term, Bush sought to put a positive spin on the jobs report, saying it "shows our economy is continuing to move forward, and it reminds us that we're in a changing economy and we've got more to do.
AP FILE PHOTO
"Our economy's been through a lot," the president said in a campaign speech here.
"I'm running because I understand how to take a strong economy to make it stronger. I say we have a strong economy, and it's getting stronger," Bush told cheering supporters in a field strewn with bales of hay.
Government figures out Friday showed US employers hired only 32,000 extra workers in July, shocking analysts who had generally predicted a gain of 243,000 and shattering expectations of a rebound from sluggish job growth in June.
Employment in June, too, was weaker than previously reported, the Labor Department said, with net jobs up just 78,000, far lower than the modest 112,000 initially estimated.
Stunned investors sent the Dow Jones industrial average down 97.55 points, or 0.98 percent, to 9,865.48 at mid-day.
Only one bright note emerged from the labor market report: The unemployment rate, measured by a separate Labor Department survey of households, dipped to 5.5 percent in July from 5.6 percent in June, the lowest in nearly three years.
"I'm not going to be satisfied until everybody who wants to work can find a job. I'm running because I understand how to take a strong economy and make it stronger," said Bush. "We're moving America forward and we're not turning back."
But Democratic rival Kerry said the report was evidence Bush was mismanaging the US economy, an issue that could prove to be one of Bush's vulnerabilities ahead of the November 2 election.
"The president keeps saying we've turned the corner. But unfortunately today's job numbers further demonstrate that our economy may be taking a U-turn instead," Kerry said in a statement.
"America will not turn the corner to better days until we have a new president who can see our problems and take action to fix them," he said.
Bush has long blamed the sputtering US economy on the burst of the Internet stock bubble, the September 11, 2001 terrorist attacks, a spate of corporate scandals, and the war in Iraq, insisting the trillion-dollar tax cuts he pushed through starting in 2001 were the right medicine.
"We've overcome these obstacles because the entrepreneurial spirit is strong. And we've overcome these obstacles because of well-timed tax cuts," the president said.
Bush stopped in New Hampshire on his way to his parent's oceanside compound in Kennebunkport, Maine for a family wedding.
The incumbent carried this state by just 1.3 percent -- 7,211 votes -- in the contested 2000 election that pitted him against then-vice president Al Gore.
Both Bush and Kerry have been criss-crossing the country in search of votes, focusing on a handful of key battleground states -- even coming within a few city blocks of each other in Iowa on Wednesday.
Kehinde Sanni spends his days smoothing out dents and repainting scratched bumpers in a modest autobody shop in Lagos. He has never left Nigeria, yet he speaks glowingly of Burkina Faso military leader Ibrahim Traore. “Nigeria needs someone like Ibrahim Traore of Burkina Faso. He is doing well for his country,” Sanni said. His admiration is shaped by a steady stream of viral videos, memes and social media posts — many misleading or outright false — portraying Traore as a fearless reformer who defied Western powers and reclaimed his country’s dignity. The Burkinabe strongman swept into power following a coup in September 2022
‘FRAGMENTING’: British politics have for a long time been dominated by the Labor Party and the Tories, but polls suggest that Reform now poses a significant challenge Hard-right upstarts Reform UK snatched a parliamentary seat from British Prime Minister Keir Starmer’s Labor Party yesterday in local elections that dealt a blow to the UK’s two establishment parties. Reform, led by anti-immigrant firebrand Nigel Farage, won the by-election in Runcorn and Helsby in northwest England by just six votes, as it picked up gains in other localities, including one mayoralty. The group’s strong showing continues momentum it built up at last year’s general election and appears to confirm a trend that the UK is entering an era of multi-party politics. “For the movement, for the party it’s a very, very big
ENTERTAINMENT: Rio officials have a history of organizing massive concerts on Copacabana Beach, with Madonna’s show drawing about 1.6 million fans last year Lady Gaga on Saturday night gave a free concert in front of 2 million fans who poured onto Copacabana Beach in Rio de Janeiro for the biggest show of her career. “Tonight, we’re making history... Thank you for making history with me,” Lady Gaga told a screaming crowd. The Mother Monster, as she is known, started the show at about 10:10pm local time with her 2011 song Bloody Mary. Cries of joy rose from the tightly packed fans who sang and danced shoulder-to-shoulder on the vast stretch of sand. Concert organizers said 2.1 million people attended the show. Lady Gaga
SUPPORT: The Australian prime minister promised to back Kyiv against Russia’s invasion, saying: ‘That’s my government’s position. It was yesterday. It still is’ Left-leaning Australian Prime Minister Anthony Albanese yesterday basked in his landslide election win, promising a “disciplined, orderly” government to confront cost-of-living pain and tariff turmoil. People clapped as the 62-year-old and his fiancee, Jodie Haydon, who visited his old inner Sydney haunt, Cafe Italia, surrounded by a crowd of jostling photographers and journalists. Albanese’s Labor Party is on course to win at least 83 seats in the 150-member parliament, partial results showed. Opposition leader Peter Dutton’s conservative Liberal-National coalition had just 38 seats, and other parties 12. Another 17 seats were still in doubt. “We will be a disciplined, orderly
RSS