Misstep on jobs figure could haunt Bush.

Supporters of the president may claim this criticism to be unfair. They'll point out it's the private sector that creates jobs and not the government. That is true for the most part. However, it was the administration which boldly predicted that the various tax cuts would result in significant private sector investment and thus 2.6 million jobs this year alone. We are far from reaching that goal.

A president's fiscal policies do matter. Whether government invests in infrastructure or cuts taxes does affect job creation. No matter how hard they try, it's going to be difficult for the Bush White House to distance itself from what happens with job growth this election year.