Friday, February 20, 2004

White House has figured out how to get back all those lost manufacturing jobs

In a speech to Washington economists Tuesday, N. Gregory Mankiw, chairman of the president's Council of Economic Advisers, said that properly classifying...workers was "an important consideration" in setting economic policy.

...Is cooking a hamburger patty and inserting the meat, lettuce and ketchup inside a bun a manufacturing job, like assembling automobiles?

...That question is posed in the new Economic Report of the President, a thick annual compendium of observations and statistics on the health of the United States economy.

The latest edition, sent to Congress last week, questions whether fast-food restaurants should continue to be counted as part of the service sector or should be reclassified as manufacturers. No answers were offered.

  article

Go ahead and pick up from the floor what's left of your confidence. I will wait.

This is the same economic report that gave us the 2.6 million new job figure that nobody in the White House will now lay claim to and which got the press hounds snarling at McClellan, and Mankiw is the same guy who said outsourcing is a good thing.

Do you suppose this guy is really a communist plant? An agent of the Taliban?

Do you suppose the cartoon disaster that is the current administration will implode before November? I pity the clean-up crew.

....but hey, do what you want....you will anyway.

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