bu$h* On Jobs: The Worst Track Record On Record

[spanone]

did we have the same media hysteria over jobs when bu$h* created only 3 million jobs in eight years? i don't remember

everything needs perspective.....


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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

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/.

[HughBeaumont]

1. K & R. Methinks WSJ is sugar-coating it a little.

http://journals.democraticunderground.com/HughBeaumont/94

Average amount of overall monthly job creation: 33,425 jobs per month.

Average estimated amount of monthly jobs needed to keep up with incoming/outgoing workers, birth/death, production, etc. 150,000 jobs per month.

Amount of months American economy has achieved the 150,000 monthly job requirement during this 10 year period: 32 out of 127 months (25%)

Best average monthly job creation year during 1999-2009: 1999 (average of 202 thousand jobs created per month)

Average amount of jobs created in the American economy per month for the period January 2001 through December 2004: 8,312/month. That would be 141 thousand jobs short of requirement each MONTH. So much for the whole “tax cuts for the rich = jobs, jobs, jobs” argument.

Best year of job creation during the Bush Administration: 2004 (151 thousand jobs created per month on average. 2004 was an election year, by the way)

Worst year of job creation during the Bush Administration: 2008 (111 thousand jobs lost per month on average)

[Scurrilous]

2. K & R

:thumbsup: