Presidents don't create jobs, especially private sector jobs. The idea that minimum wage creates jobs is really funny! Congress is an equal part of government and they try and they ultimately control spending. Let's take a look at Congressional control and the market.
Average Stock Market gain during Democratic Congress: +9.8%
Average Stock Market gain during Republican Congress: +30.1%
Average Stock Market gain during Democratic President:
with Democratic Congress support: +13.2%
with Republican Congress opposition: +32.6%
(+18.8% regardless of Congress)
Average Stock Market gain during Republican President:
With Democratic Congress opposition: +6.6%
With Republican Congress support: +25.3%
(+13.3% regardless of Congress)
This is not my opinion. These are facts.
(data for DJIA for each year taken from 1st trading day in that year. Gains are stated for 2 year periods. Half them for annual gains.)
Facts Don't Lie - Democrats Are the True Job Creators
ProudProgressive
2012/07/05 20:09:38
Facts And Figures Of Job Creation, Spending, And GDP Growth In 10 Bullet Points
July 5, 2012
by: Uzair Qadeer
1. Since 1932, Democratic Presidents have created 73.4 million new jobs, Republicans have created only 34.8 million.
2. To put it in perspective, it took Barack Obama 39 months to create more jobs (3.9MM) than last 3 presidential republican terms did in a combined total of 12 years or 144 months (3.7MM).
3. Bill Clinton created more jobs in 2 terms than all the terms of the following five Republicans did altogether: Eisenhower (2.74MM), Nixon (9.18MM), Ford (2.07), Bush I (2.59MM), and Bush II (1.31MM).
4. Last three liberal presidents, Carter, Clinton, and Obama have created more jobs (37.38MM) in 4 terms than last six republicans, including Reagan, did altogether in 10 terms (33.69MM).
5. In last 50 years alone, non-government payrolls in the U.S. swelled by almost 42 million jobs under Democrats, compared with 24 million for Republican presidents, according to Labor Department figures.
6. Democratic presidents accounted for an average of 150,000 additional private-sector paychecks per month over that period, more than double the 71,000 average for Republicans.
7. Most recently, private employers have added an average of about 900 jobs per month since Obama’s inauguration. During the two terms of his predecessor, Republican George W. Bush, private payrolls shrank by an average of 6,700 jobs per month.
8. Democrats though have been better at being Republican than Republicans. The only payroll that shrinks under Democratic Presidents is federal, state and local government. That employment grew by 7.1 million under Republican presidents and 6.3 million when Democrats were in the White House.
9. Democrats have operated a high-power private industry job creation machines through reduced spending and strategic investments. Democrats spend far less; spending breaks down as $35 billion a year under Democratic presidents and $60 billion under Republicans on average. If you assume that it takes a year for a president’s policies to take effect, Democrats have raised spending by $40 billion a year and Republicans by $55 billion. Thus, the GOP is more responsible for the debt that we have amassed, lowering our credit rating.
10. Democratic presidents not only created twice as many jobs, through liberal initiatives such as minimum wage and other regulation, Democratic presidents have a much better track-record for making every income bracket more prosperous. In last 70 years alone, GDP rose 12.6% under Democrats versus a GOP increase of 10.7%. From 1960 to 2012 the gross domestic product measured in dollars rose an average of $165 billion a year under Republican presidents and $212 billion a year under Democrats.
Read More: http://www.addictinginfo.org/2012/07/05/facts-and-...
Top Opinion
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Gracie - Proud Conservative 2012/07/05 20:50:16
"Facts don't LIE, but LIARS (Democrats) figure"
Right in other words you can't refute his facts as usual a Con talking out his ass.
Your words dude.
"Grandpa 2 days ago Facts are opinions of those who gather them >>. Democrates LIE >>>"
We know who's really talking BS...
LMAO
This tells the story, why Bush was so bad at the end of his term.
Some people aren't aware of all of this. Don't just skim over this, please read it slowly and let it sink in.
If in doubt, check it out.
The day the democrats took over was not January 22nd 2009, it was actually January 3, 2007... the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.
The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH!
Remember the day...
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCI...
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This tells the story, why Bush was so bad at the end of his term.
Some people aren't aware of all of this. Don't just skim over this, please read it slowly and let it sink in.
If in doubt, check it out.
The day the democrats took over was not January 22nd 2009, it was actually January 3, 2007... the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.
The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH!
Remember the day...
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES!
Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy.
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie? OBAMA and the Democrat Congress.
So when someone tries to blame Bush..
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democrat Party.
Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 &2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.
If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is "I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th."
What you haters never seem to realize is that if you're going to blame President Obama for anything, you have to let him first implement what he wants to implement, then if it fails you have every right to criticize him. But when you prevent him from doing what he feels should be done in the first place, you forfeit your right to criticize. For instance, if the Republicans had not forced the stimulus to be about a third smaller than it needed to be, the unemployment rate today would probably be around 6.5%. We know that Republican obstructionism on public sector job creation has cost the nation over 700,000 jobs and has added one full point to the unemployment rate.
The fact that you don't even know when the U.S. fiscal year begins and ends kinda tells me that there is no need to read the rest of your post. U.S. fiscal budget years begin October 1 and end September 30th of the next year.
For someone that likes to post consistently in a way indicating they have such a great wealth of knowledge about everything the fact that you post ignorance, as you have above, leaves your opinions suspect.
You know what, Right-Wingers seem to believe that Bush was abducted by aliens in 2007.