The Real Job Creator: Obama Nearly Doubles Bush’s Jobs Numbers
Samantha
2012/06/01 16:22:31
Tax cuts create jobs! I have written more posts about this and have been debunking this conservative meme for years. Now I want to show you it in graphic form from the St. Louis Federal Reserve.
In these graphs I eliminated the first year of each Presidents’ term because of a lot of debate regarding residual effect of the prior administration’s policies. This also gives an entire year for the new President’s policies to take effect and be implemented.
In fact, I even eliminated the 2008 recession for George Bush. So we looked at the period after the 2001 recession and up to the peak of his economy in 2007.
First, let’s look at employment in the private sector under President George Bush. Only 86,000 private sector jobs were created per month.
Under Obama, 151,000 private sector jobs were created per month.
In these graphs I eliminated the first year of each Presidents’ term because of a lot of debate regarding residual effect of the prior administration’s policies. This also gives an entire year for the new President’s policies to take effect and be implemented.
In fact, I even eliminated the 2008 recession for George Bush. So we looked at the period after the 2001 recession and up to the peak of his economy in 2007.
First, let’s look at employment in the private sector under President George Bush. Only 86,000 private sector jobs were created per month.
Under Obama, 151,000 private sector jobs were created per month.
Read More: http://www.politicususa.com/real-job-creator-obama...
Top Opinion
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EliteAmongOutcasts 2012/06/01 16:36:22
The U.S. economy added just 69,000 jobs in May, its lowest gain in a year, and previous months' readings were revised lower. Meantime, the unemployment rate ticked up to 8.2% from 8.1%. Economists had estimated the jobless rate would hold steady and the economy would add about 155,000 jobs.
"Today's weak jobs report is devastating news for American workers and American families, The president's re-election slogan may be 'forward,' but it seems like we've been moving backward."
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I know at least 30 people that are unemployed.