Sunday Talkshow Breakdown

Despite trying to minimize the O'Neill story it was a bad day for Bush, for Dem candidates other than Dean and for [current Treasury Secretary] Snow.

Over at ABC’s This Week, Snow won the prize for Best Bald-faced Delusional Spin:

GEORGE STEPHANOPOULOS: You said [in October] that:

“Everything we know about economics indicates that the sort of economic growth expected for next year, 3.8 to four percent, will translate into two million new jobs from the third quarter of this year to the third quarter of next year.

“That’s an average of about 200,000 new jobs a month.”

But when you look at the third quarter of this year, it’s only about a third of that: 100,000 in October, 43,000 in November, only 1,000 in December.

And even last February, the president’s advisers said the tax cuts are going to create 510,000 new jobs this year.

And instead we’ve lost 74,000.

Why didn’t the president’s tax cut create these jobs you promised?

SNOW: Well George, we’re in a good recovery…

[I'd] Hate to see a bad recovery.

el - I will point out out that by the administration's own figures each $40,000 a year job was going to cost taxpayers $500,000. Instead because the jobs haven't come in as expected they are costing over $2.5 million.