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Wrong, as 9/11 was the worst thing we went through, and 2003-mid 2007 were super job creation years. Obama will go down amongst the all time worst net job losses of any admin.
During this peak job creation period you speak of, 151K jobs (private sector) were added per month. Coincidentally, that is the same rate over last 28 months.
That has little to nothing to do with the job situation.
As far as the debt, the wars have cost only a little over $1 trillion. Our debt is over $15 trillion.
One of the few issues would be jobs. We'd have just focused on them more with no wars. Some of that one trillion could have done plenty for jobs. I love how 1 trillion is trivial.
That has little to nothing to do with the job situation.
As far as the debt, the wars have cost only a little over $1 trillion. Our debt is over $15 trillion.
When one looks at the debt, according to the Center for Budget and Policy Priorities, the Bush era tax-cuts were the largest single factor contributing to the deficit/debt. Second was the economic downturn:
Thus, allowing the Bush tax-cuts to expire in their entirety would be the single most effective means to reduce the long-term debt -- but you'll never hear a GOP candidate admitting this mathematical fact.
When one looks at the debt, according to the CCC, the Bush era tax-cuts were the largest single factor contributing to the deficit/debt. Second was the economic downturn:
We lost 8 million jobs. 4 million jobs is only half of that
We lost an unprecedented 8.8 million jobs in just two years to the massive recession. We've seen about half of that back, with 28 months of job growth. Unless you want to claim that 2003 was a year in recession, for example, you do realize that over five years, the economy averaged only 130K jobs/month? Or, is that news to you?
Adjusted for inflation (1984 dollars), average weekly wages:
Dec 2007: $347.73 <- before recession
Dec 2011: $353.31
Thats up.
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