Pelosi - More jobs created during first 8 months of 2010 than during the whole Bush administration

[JohnWxy]

http://spectator.org/blog/2010/07/24/pelosi-distorts-jobs-data-at-n

"In the first 8 months, by the end of August, of 2010, more jobs will be created under Barack Obama and the Democratic Congress than the 8 years of the Bush administration," Pelosi claimed.

Based on an analysis of official employment data from the Bureau of Labor Statistics, I can begin to get an idea of what she might be basing her claim on.

During the entire Bush administration, which I define as February 2001 though January 2009, the economy added a net of 1 million jobs. In the first six months of 2010, the economy added 882,000 jobs, and so she's assuming it will surpass the Bush mark by the end of August.

Now, the American Spectator takes issue with Pelosi's statement, but even if she turns out to overestimate the jobs created by the end of August - let's say she is way off and it's only 882,000, like no more jobs will be created than already have been. Then compare that to 8 years of the Bush administration creating 1,000,000 over 8 years!! So over eight years the Bush administration saw 120,000 more jobs created than the Obama administration showed in the first 6 months of 2010!

Here's some more numbers: http://thehill.com/blogs/on-the-money/801-economy/99915-cbo-finds-stimulus-bill-boosted-job-growth">CBO finds 3.7M jobs created by stimulus


http://www.triplepundit.com/2010/07/report-show-stimulus-created-millions-jobs/">
A report from the Council of Economic Advisors (CEA) said the stimulus created or saved 2.5 to 3.6 million jobs, almost one million in a field related to clean energy.>

Read more: http://www.triplepundit.com/2010/07/report-show-stimulus-created-millions-jobs/#ixzz0uvw7OFS0

[Kurovski]

1. K&R

Why not? :shrug:

[babylonsister]

2. Hahaha! Reality sucks, doesn't it. nt

[Bitwit1234]

3. Of course people with out jobs are still hurting.

But the republicans and the tea bags won't believe this and are yelling jobs jobs jobs.

[lakers4life24]

4. Republiscum will Retort with Tax Cuts for the Rich will Create Jobs

And then continue to retort and double down with this whole Voodoo Reagonomics Garbage of how it will save the American Economy and Create Jobs even as the whole economy continues to Spiral down in a toilet. But the people listening to FAUX News will continue to believe them.

[dixiegrrrrl]

5. She's right, actually.

There are 7 contractors, hired by and paid by the State Dept, for every one military person in Afghanistan, for example.
Plus all those HB-1 visa jobs that we gave to folks, mostly from India,
and of course all the people in other countries who were hired to do what we used to do in this country, etc.
And the CIA/Pentagon admittedly has greatly expanded its payroll.
The for -profit prisons are expanding like crazy.

Hey, it adds up, right, Nancy?

[JohnWxy]

9. Repubs were good for lobbyists. No. of lobbyists DOUBLED under Bush took the WH

This is easily explained. Businesses knew with a Republican administration in the WH that the Government was for sale.

http://www.concordmonitor.com/article/lobbying-emerges-as-huge-growth-industry">Lobbying emerges as huge growth industry ... after Bush was carried into the White House by Antonin "the reign maker" Scalia.

WASHINGTON - To the great growth industries of America such as health care and home building add one more: influence peddling.

The number of registered lobbyists in Washington has more than doubled since 2000 to more than 34,750, while the amount that lobbyists charge their new clients has increased by as much as 100 percent. Only a few other businesses have enjoyed greater prosperity in an otherwise fitful economy.(more)
.........................................................................................................................................................................

RE your comment:

1. "There are 7 contractors, hired by and paid by the State Dept, for every one military person in Afghanistan, for example."

Now, I know Logistics is a very big job and involves about one person for every combat person in any war, no matter who is in the White House - but could you document your ratio of seven to one?

In a review of contracting of logistical services in Iraq for the period of 2004-2007, http://www.cbo.gov/ftpdocs/96xx/doc9688/MainText.3.1.shtml">the CBO concluded the ratio of contractor personnell to military was about 1 : 1.

"The United States has used contractors during previous military operations, although not to the current extent. According to rough historical data, the ratio of about one contractor employee for every member of the U.S. armed forces in the Iraq theater .."



2. "and of course all the people in other countries who were hired to do what we used to do in this country, etc." ..."etc."?? I don't know how to respond to that.

sending jobs over-seas is a practice of businesses typically championed by Republican as promoting "efficiency". But does it help the country to outsource jobs to other countries (I of course am NOT talking about hiring people in other countries necessary to support revenue generating operations (i.e. sales) in those countries)- especially at a time when so many are out of work here?...This is sort of like selling your organs for cash and thinking this is a 'winning' long term strategy.

To address this and other jobs issues, the Democrats have proposed the http://dpc.senate.gov/dpcdoc.cfm?doc_name=fs-111-2-118">American Jobs and Closing Tax Loopholes Act of 2010 - which is being fought by Republicans all the way through the House and Senate

Republicans tried to kill the American Jobs and Closing Tax Loopholes Act (HR 4213) throughout this year. Senate Republicans’ rejection of the bicameral Senate-House compromise on the bill in June 2010 was particularly egregious because the various provisions of this larger legislation would have helped save or create well over a million critically needed jobs in the near term. (Economic Policy Institute, 5/25/10 and direct communications in July 2010; Roll Call Vote 190)

It should also be noted that by opposing the American Jobs and Closing Tax Loopholes Act, Senate Republicans opposed ending tax loophole giveaways to multinational corporations that encourage American jobs to be moved offshore. In addition, the bill would have significantly scaled back a tax planning method exploited by wealthy investment fund managers to pay taxes on their compensation at lower rates taxes than other services providers, like teachers and firefighters.

[applegrove]

6. Now that is a short media bite I like. Pelosi and Obama need to get

their message out in short spurts like this.

[RC]

7. How many are living wage jobs?

Permanent, full time, 40 hours with benefits?

How many are minimum wage or temporary/no benefits?

No one ever says.

[RC]

8. Yep, nobody ever says...

[JohnWxy]

10. For too long Companies have been thinking of keeping stock price up and giving R&D short shrift

R&D is what creates new products and new jobs with good pay. But R&D hits the bottom line without any short term gains (UGH!). In the last few decades American companies have been thinking of cost cutting as the quickest way to improve the bottom line and things like R&D as merely a drag on bottom line - doesn't create near term sales or reduce costs short term. But cost cutting doesn't create new products!

This is, at least in part, a result of more promotion of marketing and finance types to top positions, to the disadvantage of those with manufacturing/ engineering backgrounds. Companies have been thinking of ways to boost bottom line in near term and haven't been product oriented enough. There's not enough long term thinking going on in the executive suites of American companies.

[cowman]

11. My friend is a high official

in our local Sheriff's Dept. and he put it this way, they got fed stimulus money for 2 jobs,1 is 10 hrs a month and the other is 18 hrs a week but the admin counts it as 2 jobs created, all it is is a huge shell game

[JohnWxy]

12. actually, Pelosi was using the Bureau of Labor statistic data - but she wasn't the first to say this

Ron Brownstein of THe National Journal first raised this point:

More jobs might be created this year than during George W. Bush's presidency.

But as I said above, let's say Pelosi is wrong. Let's say the job creation stops at 880,000 jobs created. Then the Obama administration will have created 880,000 jobs in 8 months of 2010. Now compare that to what the Republicans did in 8 YEARS of the Bush administration ..1 million jobs ...over 8 years. I think even if the jobs creation were to stop at 880,000 for eight months compared to 1 million over 8 years still shows the Obama administration is doing dramatically better than the Bush Republican administration did.


on edit: I am assuming the AMerican Spectator writer is referring to bureau of Labor statistics as he refers to said statistics in his piece(mentioned in my OP): "In the first six months of 2010, the economy added 882,000 jobs"__JW

[mercuryblues]

14. Ask

your friend how many layoffs would have occurred without the stimulus

[JohnWxy]

15. Right. Kinda hard to lay-off half a (salaried) person.

[Recursion]

13. A 20-hour job is counted as half a job in those numbers

Assuming they're using BoL's payroll statistics. A 30-hour job is .75 jobs, etc.