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
Carter...alright, I can see that.
Aside from that, you can only really go back to 1912 for true Democrat v.s. Republican results, since Teddy was a Progressive, and so was Taft. Not to mention the 1929 collapse would look awful on that sheet...
Nick Hanauer explains it best. A multi-millionaire who started a company scraping up $45,000.00. The company, Amazon.com.
I also got 2 separate 2010 U.S. Census jobs, one in Phase 1 and one in Phase 3.
32 jobs altogether for 1 person - ME!
And BRPH Architects & Engineers of Melbourne, FL gets these jobs all the time. They have about 300 employees but they get atleast 50 jobs from the Gov't a year, without hiring anybody.
You'd better change this "Job Creation" crap to "Job Assignments" or "Contracts" because not many people got HIRED through this.
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.)
http://finance.yahoo.com/news...
Clinton created a B-job.
Obama created a lot of new jobs in the house of representatives.
Loved is irrelevant. Government jobs are not job creation but destruction as the money to pay for those jobs is being stolen from those who labor to create value. When it's taken by force (immoral) that money is no longer available for investment or charity. Government created the great depression and government made it last as long as it did. And worst of all, all those "jobs" were created by using the threat of imprisonment and murder to obtain the payroll. You're correct that it's big bad government. Though it's also all those immoral people who agree to use the golden guns of government to get what they want.
The government did create the Great Depression. You know how? Massive tax cuts for the richest Americans coupled with complete deregulation of the financial markets. Sound familiar? And government ended the Great Depression by implementing massive public sector job creation initiatives like the AAA, the CCC, the WPA, the TVA, etc. (FDR did love intitals LOL), which also led to the creation of millions of private sector jobs to complement the public sector. That's why President Obama's stimulus created over 4 million jobs, and why it should have been at least a third larger than it was, which is what President Obama intended but the Republicans blocked. If his initial stimulus proposal had been enacted the unemployment rate right now would be under 7%.
Thanks for the satire.