It’s sometimes interesting to give some thought to the things we believe, and don’t believe, about people. For some George W Bush is one of the most ruthless US Presidents we have seen in years, for others he is apparently the perfect gentleman, playing exactly by the rule book:
Financial markets may be all ears on Thursday night for hints about August job growth from President Bush, but they will be listening in vain since he plans to purposely avoid an early peek……………
“While the president typically sees the jobs data the evening prior to its release, he will not receive the jobs numbers tonight, nor will any of the people who are working closely on his speech,” said White House spokeswoman Claire Buchan.
Instead, Bush will wait with everyone else until Friday to see the hotly anticipated news.
The US Labor Department sends the data, due out at 8:30 a.m. today (Washington time), to the president’s economic advisers the night before. Normally there is not much importance attached to this, but this time clearly there might have been. I didn’t see the speech, but from the reports I’ve read, there was no special mention of the jobs state of play. Also, interestingly, there seems to have been no special reaction in the financial markets to this absence: they clearly see George as a gentleman. Whatever the numbers finally are (and we will still have to wait till later today to actually see them) I’m sure everyone will read the sub-text the way they want to, although clearly glowing numbers (which I personally am not anticipating) would give the most knee-jerk Bush critics a rather harder time.