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CNN reporter: Bush excuse for unemployment rate ‘ridiculous’

By David Edwards
Friday, June 6, 2008 15:53 EDT
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During an economic speech today, President Bush partly blamed a dramatic rise in unemployment on new workers entering the workforce. Later, in a CNN interview, Bush Labor Secretary Elaine Chou also said that the increase the unemployment rate was “caused in part by a surge of young entrance into the job market.”

CNN’s Senior Business Correspondent Ali Velshi weighed in that Bush Administration excuses for the poor economy were “ridiculous.” Velshi explained, “I just wish they wouldn’t say that. President Bush said something earlier about how the unemployment rate today — the increase — was because a whole bunch of teenagers have joined the workforce, that’s the point. 100,000 people join the working age working force every month. If we don’t create 100,000 jobs every month, we’re not doing the right thing.”

This video is from CNN’s Newsroom, broadcast June 6, 2008.

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David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
 
 
 
 
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