Supply side Bush vs--Keynesian Obama
Two recessions during the Bush years started about the same time,
one in Jan. of 2001 and the second in Feb. of 2008.
Lets compare the two recovery's by job creation During the recoverys!
Quote:
Romney claims that he can read a balance sheet?
How often does 500,000 jobs come up on the federal Gov. balance sheet?
“We should be seeing numbers in the 500,000 jobs created per month,”
Romney said during an interview on Fox News. “This is way, way, way off from
what should happen in a normal recovery.”
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The first 40 months of the two recessions are in these graphs.
Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics
Total Private Employment - CES0500000001
2001...............2008
Private ..........Private
sector-----------sector
1.....-46.....1.....41
2......-8.....2...-136
3.....-67.....3...-112
4....-329.....4...-215
5.....-81.....5...-216
6....-236.....6...-231
7....-173.....7...-259
8....-188.....8...-294
9....-267.....9...-425
10...-364....10...-480
11...-346....11...-797
12...-207....12...-658
13...-151....13...-839
14...-159....14...-725
15....-65....15...-787
16....-96....16...-802
17....-80....17...-312
18.....12....18...-426
19....-95....19...-296
20....-56....20...-219
21....-12....21...-184
22...-108....22...-232
23....-14....23....-42
24...-170....24...-120
25.....57....25....-40
26...-157....26....-27
27...-199....27....141
28....-34....28....193
29.....19....29.....84
30....-39....30.....92
31.....-2....31.....92
32.....32....32....128
33....161....33....115
34....143....34....196
35.....37....35....134
36....108....36....140
37....170....37....119
38.....32....38....257
39....299....39....261
40....223....40....264
-----1,205 -------2,216
Later months.
-----------------------1,205 ------------------------------2,216
May-2004-41 ---310 ---1,515 ------May-2011-41 ---108 ---2,324
Jun-2004--42 ----94 ---1,609 ------Jun-2011--42 ---102 ---2,426
Jul-2004---43 ----41 ---1,650 ------Jul-2011--43 ---175 ---2,601
Aug-2004--44 ---102 ---1,752 ------Aug-2011-44 ----52 ---2,653
Sep-2004--45 ---152 ---1,904 ------Sep-2011-45 ---216 ---2,869
Oct-2004--46 ---327 ---2,231 ------Oct-2011-46 ---139 ---3,008
Nov-2004--47 ----27 ---2,258 ------Nov-2011-47 ---178 ---3,186
Dec-2004--48 ---133 ---2,391 ------Dec-2011-48 ---234 ---3,420
Jan-2005--49 -----95 ---2,486 ------Jan-2012-49 ---277 ---3,697
Feb-2005--50 ---231 ---2,717 ------Feb-2012--50 ---254 ---3,951
Mar-2005--51 ---145 ---2,862 ------Mar-2012--51 ---147 ---4,098
Apr-2005--52 ---346 ---3,208 ------Apr-2012--52 -----87 ---4,185
May-2005-53 ---143 ---3,351 ------May-2012--53 ----82 ----4,267
53 months after the job losses started Keynesian economics was
916 thousand jobs ahead of supply side economics.
From Jan 2001 to Jan 2009, the economy lost 646,000 private sector jobs.
This is a failed policy. Supply side failed. Period.
Jan --2001 ---------111,631
Jan --2009 ---------110 985 ---------Minus 646,000 ---Minus 0.06%
From Jan 2001 to Feb 2010, the full length of the supply-side experiment
the economy LOST almost five million jobs.
This is a failed policy. Supply side failed. Period.
Jan --2001 --------111,631
Feb --2010 --------106,773 ----Minus-------4,858,000 ---Minus 4.4%
In the 24 months of job losses during the Bush recession the economy lost
almost nine million private sector jobs.
This is a failed policy. Supply side failed. Period.
Jan 2008 --115,647
Feb 2010 --106,773 --minus 8,874,000 private sector jobs.
This is a failed policy. Supply side failed. Period.
From Jan 2001 to Feb 2010, the full length of the supply-side experiment
the Manufacturing sector lost five million 650 thousand jobs.
Jan --2001 ---17,112
Feb --2010 ---11,462 ---Minus 5,650
This is a failed policy. Supply side failed. Period.
The Bush supply side recession lost 8,874,000 private sector jobs then they
say Obama is not getting them back quick enough.
-----Bluecoller, the grumpy old kraut-----
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