Clinton, Bush and Obama economics in context

Editor's notes: what we have here is a graph picturing both unemployment benefit applications - often mistakenly called "unemployment" and the simultaneous state of the economy unemployment numbers represent. Look at 1990 and the first year of the Clinton Administration. When Bubba came to office, he had to face an increasing [mild] recession. He cut corporate taxes, among other aggressive actions and escorted the nation into a time of prosperity -- primarily fueled by a bubble we know as the Dot Com years. 22 million jobs were "created" by Clinton, or so "they" say. Few remind the reader that this Dot Com bubble burst at the end of the Clinton years and the economy watched 14 million jobs disappear. Understand that Clinton's course of corrective action at the beginning of his time in office took approximately two years to bring about the changes he had in mind. Ditto for Bush but for very different reasons. I.e. -- 9/11 and the bursting Dot Com bubble. Unemployment began to increase immediately and a mild recession, again, manifested itself. Bush cut taxes, both individual and corporate and the recession was defeated. Then ----------- we come to the Obama years. His response to "recession" is completely different for that of his predecessors, be they Democrat or Republican. All previous recession responses have been about stimulating the private sector and the private sector, in each and every case, responded. With Obama, the private sector be damned. It is all about Big Government and Obama is left scratching his head will the nation wallows in the stew of monumental debt, increased taxation without representation, the death of Constitutional governance and economic hard times which rival the Great Depression. Understand that the economy will pull itself out of this circumstance if and when it is allowed to.

Source: BLS Table A-1