About the headline: of course presidents do not add private sector jobs, the private sector does that. Presidents can create a climate that effects job creation (regulations, tax rates, trade treatise). All this talk of Obama creating this and Bush doing that, well, that is nothing but blow - unless you are talking about a developing climate. Understand that when I use phrases such as "Bush did this," or "Obama created that," I am probably using Obama speak . . . . just trying to be one of the guys. With that caveat in mind, read on dear reader.
At the height of the Bush era, after 54 consecutive weeks of GDP growth, the most in American history, there were nearly 116 million non-farm jobs. Today, after "28 consecutive months of positive private sector job growth," there are 7 million fewer jobs than in the beginning of the Obama Imperialist Period . . . . 7 million fewer jobs after 28 months of "steady growth" (Obama's words). So what happened? I mean, how can we have so much growth and, yet, be in the hole seven million jobs? Because the "growth" Obama brags about, has not been enough to balance out the population increase, each and every month. In other words, the population is growing at a faster rate than Obama's record of private sector job growth.
Next time Obama cites his favorite job statistic, he will say, "Job growth is not what we want but we have just recorded 29 consecutive months of private sector job growth, the most in American history." With these words, you must say these words out loud, "Smoke and mirrors" because that is all we have here. That "job growth" he brags about? It is not "net" job growth, of which there is precious little.
On another matter
I see this statement more often than I care to remember: "Obama, in the worst recession in 70 years, has produced more jobs in 3.5 years than Bush did in 8 years." Such is an idiot's lie, and those who buy into it have not stopped to consider basic, simple minded, facts. You have to have lost I.Q. point to believe such nonsense.
THINK !! for a change.
The average unemployment rate under Bush was 4.8%, not counting 2008 - 5.5% if we include that year. In order to average the same percentage each month, the economy would have had to added a nominal 120,000 per month just to keep even with population growth, or 12 million jobs during the Bush years.
The charts, all put together by his enemies, show 3 million. Nonsense. 3 million jobs over the course of the Bush term, amounts to 31,000 jobs created per month - a depressionary total, much less recessionary.
Under the Obama scheme of heightened regulations, federal funding going to Big Labor, the growth of the public sector job community, the fastest increase of our welfare roles in history, and the longest period of paid unemployed benefits in American history, we have the highest number of those in "poverty" in the last 30 years, 42 consecutive months of 8% [or higher] unemployment, the most since the Great Depression, the lowest number in our workforce in 40 years, and 2 million fewer job positions in 20 years.
Come on folks, it is time for a little [real] hope and change, no ??!!
Never thought about the Bush job record in light of a consistent national employment percentage. Seems like a valid point.
ReplyDeleteIf you look at the graph you use, Obama took office in 2009 when employment was at 112. The private sector ends the graph at 109. That is a loss of 3 million private sector jobs.
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