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You guys are award that most of the jobs created by Obama's bailout are temporary right? They rarely last more than a year before they get laid off again ...
But hey, what difference does it make? Let's keep drinking the kool aid and bashing Bush who btw has been out of office for almost 2 years now. How long are we supposed to keep giving Barry his free pass?
If the economy produces jobs over the next eight months at the same pace as it did over the past four months, the nation will have created more jobs in 2010 alone than it did over the entire eight years of George W. Bush's presidency.
That comparison comes with many footnotes and asterisks. But it shows how the economic debate between the parties could look very different over time -- perhaps by November, more likely by 2012. More important, the comparison underscores the urgency of repairing an American job-creation machine that was sputtering long before the 2008 financial meltdown.
And, if you read the OP link there is a BIG DISCLAIMER..they are not counting the 4 million job loss in Obama's first year.
If you take ALL of Bush's years then you should also take ALL of Obama's years. This data is not fully correct as presented.
"Now the principal footnote: To compare job growth in 2010 with Bush's record ignores the nearly 4 million jobs lost in Obama's first year"
Last edited by HappyTexan; 05-14-2010 at 10:59 AM..
The Obama chart shows the numbers since the Democrats took over Congress. So if you want to trash Bush - trash the left leaning Congress also. They have to make the laws. Bush has to sign them (in most cases).
If the economy produces jobs over the next eight months at the same pace as it did over the past four months, the nation will have created more jobs in 2010 alone than it did over the entire eight years of George W. Bush's presidency.
That comparison comes with many footnotes and asterisks. But it shows how the economic debate between the parties could look very different over time -- perhaps by November, more likely by 2012. More important, the comparison underscores the urgency of repairing an American job-creation machine that was sputtering long before the 2008 financial meltdown.
Too bad they were almost all government jobs paid by the taxpayer.
Not true.
Quote:
In April, nonfarm payroll employment rose by 290,000. Sizable employment gains oc-
curred in manufacturing, professional and business services, health care, and in
leisure and hospitality. Federal government employment increased due to the hiring
of temporary workers for Census 2010. Since December, nonfarm payroll employment
has expanded by 573,000, with 483,000 jobs added in the private sector. The vast
majority of job growth occurred during the last 2 months. (See table B-1.)
Manufacturing added 44,000 jobs in April. Since December, factory employment has
risen by 101,000. Over the month, gains occurred in several durable goods indus-
tries, including fabricated metals (9,000) and machinery (7,000). Employment also
grew in nondurable goods manufacturing (14,000).
Under Reagan 17 million jobs were created, even when we factor in the 2 year long recession that plagued the beginning of his presidency. Even more impressive, between September of 1983 and June of 1990 there was only one negative month of job growth. In fact, without that one negative month in June of 1986, we would have had 81 months of consecutive job growth, which is pretty damn impressive.
Bush-41 had worse luck, and a recession that sucked away most job growth under his presidency, but we still netted over 2.5 million by the end of his 4 year term. Almost 1 million of which were created in 1992 alone.
Under Clinton and the Dot Com bubble, over 22 million jobs were created, however there were 7 negative months of job growth in between April 1993 and January 2001 that interrupted growth.
During Bush's presidency only 1 million jobs were netted from the beginning to the end. However, from the second half of 2003 and the middle of 2007 there were 54 consecutive months of job growth where 8 million jobs were created. There were no negative months during that period like there were under Reagan and Clinton, but growth was somewhat weaker than in years past. Pretty much all of it was wiped out in 2008 and 2009.
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