The Conservative response to Obama's stimulus program is to try to block and obstruct in favor of more tax cuts. Said tax cuts, concentrated on the wealthy, are said to stimulate job creation. The truth is drastically different.
Taken from the Wall Street Journal - "Bush On Jobs: The Worst Track Record On Record"
President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.
His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.
Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.
Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records. –Sudeep Reddy
George W. Bush: (Statistics from US Department of Labor even though GWB was President and Dick Cheney was Vice President.)
3.0 million jobs created,
135.5 million employed at end of term,
132.5 million at beginning, 2.3% increase,
375,000 jobs created per year,
22.0 million increase in population,
7.7% increase in population.
No more "Tax cut for wealthy equals job creation" bullshit, please. It's insulting to us and demeaning to you. And no more "tax cuts equals economic growth" nonsense. Please.
In light of present events, this is worth posting here. And settles an issue.
The whole thread (17 posts)
- In light of present events, this is worth posting here. And settles an issue.
- Good. Now go back to your source and do Reagan. (n/t)
- Go back and check "Clinton". Then GHWB, Reagan, Ford. (n/t)
- Exactly like the guy during pre-WWII Germany. Massive spending on arms, HUGE debt.
- Good. Now go back to your source and do Reagan. (n/t)
