This is an example of how to drown the fact with charts and numbers. What is the fact then?Answer: Bush economy was one of full employment for most part except at the beginning recovering from dot com burst and at the tail end entering into a housing burst. It is hard to add more people to payroll when everyone who wants a job has one.
Part time jobs mean TWICE as many jobs can be created....
... since the 1940s "there are no presidential party differences with respect to growth, unemployment, or income inequality." I don't know what data he's looking at. from the 40s through GWBush, the best GOP president, Reagan, still had a poorer record of producing jobs per year (2.1%) than the worst of the Dems, Carter (2.3%)
"By the time of Obama's second inaugural in January, the economy had added a net total of 1,208,000 jobs since he was first sworn in four years earlier, according to current figures from the Bureau of Labor Statistic"That same BLS report shows we LOST 5.1 million jobs in 2009. So how can 1.2 million jobs be considered NEW JOBS? Its still 3.9 million fewer than we had Jan 1st, 2009.'BUSH new job growth was ACTUAL new jobs -- we had 138.2 million people working in DEC 2007. We are now approx 135 million. Again thats FEWER jobs today than 2007.So exactly WHERE ARE THESE NEW JOBS?
Well said, especially when out of those new jobs, 7 out of 8 of them are part-time.
If all these jobs are actually being created WHY dont we see a sharp reduction in welfare, food stamps and unemployment? We should easily be able to cut $100s of BILLIONS from federal programs due to millions of new jobs.Problem is -- they arent really NEW JOBS -- they are jobs which were already lost under democrats in 2008-2009 and are NOT actually NEW JOBS. NEW jobs would be those jobs over and above the 138.2 MILLION jobs we had in DEC 2007.If you lose 8 million jobs which we did in 2008-2009 and then 2 million jobs come back then you did NOT create 2 million jobs -- you are still NEGATIVE 6 million jobs.Liberal math is always fuzy
THis is a slanted article. It doesnt state what type of jobs are created or a comparison of the number of jobs lost which would drastically reduce the job creation statistic. And it is including temp jobs needed to assist with disaster recovery work from hurricanes, floods, toranados... or the number of full time jobs that are now part time.. or the number of jobs that are only part time, or the salary average, are these minimum wage jobs? When you look at the other stats too, the over 600% increase in drone attacks which is just counting those in Pakistan and Yemen, not those in other places.. the number of deaths in the so called Bush wars increased dramatically too, so under Obama more death, more destruction, less economic recovery, and worthless job stats because unemployment remains very high if you count more than just those on unemployment roll calls... its more like 15% of jobless people. As my college statistics professor stated, with statistics you can prove anything and nothing at all at the same time...
Bush did not need to create jobs, he took over office with a surplus instead of a deficit, I believe unemployment was at a very low percentage. The country was working and things were good. Im not sure of what Bush could have done to stop it but some captain of industry thought it would be good for our economy to export our jobs into India, China and other places. That is what created the business failures, the bankruptcies and the housing collapse, banks collapsing and yes even more unemployment. While a president cannot tell a company how to run, he certainly could have made it tougher or given incentives to keep the jobs here. I understand companies got tax breaks to offshore outsource from the Bush camp. Bush was not a President he was a puppet, the problem is Im not sure if any of our politicians are that much different.
There actually wasn't a budget surplus. There was a PROJECTED budget surplus, but those projections didn't take into account the dot com bubble bursting and the housing market bubble bursting as well.
The CBO reported an actual 236 B surplus. Plus, Bush said in 2001 he would give it back to the taxpayer. Are you saying Bush was lying?
Oh Matthew...please do your research before commenting. Its a well known fact!
Well duh. I thought everybody, except maybe those who watch Fox News, knew this.
Actually, those who watch fox news know this statistic is a lie by omission. We still have millions fewer employed now than in 2008 and the lowest workforce participation rate EVER in the history of the statistic being tracked.
Unemployment under bush was much lower therefore the less need to crate new jobs. Under Obamathe unemployment rate is much higher, therefore the need is there to create more jobs is there.
Bush was way better and creating Dead Americans than jobs. Like the 3,000 form 9/11 because he ignored Security Briefings that stated an attack was "imminant" by Bin Laden and Al Queda. And the 7,000 and counting from the 2 Wars he started.