Obama Created More Jobs In One Year Than Bush Created In Eight

[underpants]

Source: Think Progress

Indeed, from February 2001, Bush’s first full month in office, through January 2009, his last, the economy added just 1 million jobs. By contrast, in 2010 alone, the economy added at least 1.1 million jobs. This chart, produced by Pelosi’s office, demonstrates the difference between the Bush administration and the Obama administration on jobs:



As the Wall Street Journal noted in the last month of Bush’s term, the former president had the “worst track record for job creation since the government began keeping records.” And job creation under Bush was anemic long before the recession began. Bush’s supply-side economics “fostered the weakest jobs and income growth in more than six decades,” along with “sluggish business investment and weak gross domestic product growth,” the Center for American Progress’ Joshua Picker explained. “On every major measurement” of income and employment, “the country lost ground during Bush’s two terms,” the National Journal’s Ron Brownstein observed, parsing Census data



Read more: http://thinkprogress.org/2011/01/07/obama-more-jobs-bush/

[FSogol]

1. K&R. n/t

[Parche]

2. run jobs run

:woohoo::hi:

[tyne]

3. That's all fine and good...but,

to be honest, you've got to add 2009.

[No Elephants]

4. Great! This info could have been helped us in 2010. Next up, 2012.

[molly77]

16. Get ready for 2012...fire all the clinton retreads.

WE voted for Obama , not hillary.

[slackmaster]

5. Presidents and government in general don't create jobs, other than by direct hiring

Government can do many different kinds of things influence economic policy to improve the climate for private-sector jobs, but it's actually businesses that create more than 90% of the jobs in this country.

Mark my words - Two years from now, hopefully, the economy will be doing much better and unemployment will be lower than it is now (which is still way too high). The Republicans will try to claim credit for that through their control of the House of Representatives by holding the line on taxes, rolling back regulation, etc.; and they'll be wrong.

Silly propaganda is silly, no matter who is pushing it or why.

[Ozymanithrax]

8. Propaganda is only Silly to those who don't believe it...

If they believe it, it is gospel.

[JDPriestly]

17. So, why didn't business create jobs during the Bush years?

Why did they simply create a housing bubble and ship real jobs overseas?

I suspect that a lot of the jobs that Obama created are due to the economic stimulus plan and, thus, were, very definitely created by our government whether directly or indirectly.

Rolling back regulation will create jobs, but what kind of jobs? Jobs cleaning up the messes and curing the diseases and injuries that will inevitably result from the deregulation? Rolling back regulation is a "make-work" measure. It will not, it cannot result in a net gain in truly productive jobs.

What kinds of jobs will be made by deregulation? Jobs for lawyers litigating product liability and worker's comp claims, jobs in the medical profession for starts. Then there will be jobs cleaning up the increased number of toxic waste sites.

Good government creates good jobs.

[Thor_MN]

19. Because supply-side stimulus is a completely asinine idea

What CEO would be stupid enough to think "Gee, maybe I should take this money that my campaign fund purchased pet legislature has given me and make more of these products that I can't currently sell. I'll have to hire more people to increase the supply of these widgets that no one can afford to buy, but maybe, just maybe, if I hire enough people, demand might pick up."

[mikekohr]

35. CORRECT! Republicans always crush job creation. Every Damn Time. -see graph-

http://2.bp.blogspot.com/_mHSyEv8vBt4/S6Zvl-nui8I/AAAAAAAAACQ/3j0wUSj78mk/s640/Job+growth+graph.jpg?

[slackmaster]

42. I've worked in financial services for most of my career, including Reagan and both Bush admins

The artificial housing price bubble and its subsequent collapse messed up large portions of the US economy. That's not a root cause analysis, but much of what's wrong right now traces right back to that and to the federal government pissing away trillions of dollars on senseless, endless wars over a deeply flawed national energy policy that Jimmy Carter and even Nixon understood but nobody has gotten right yet.

We could sit here and indulge in a pointless exchange trying to pick apart precisely who caused that to happen, what was done wrong, and when, but it's clear to me that the problem was about 25 years in the making and probably started during the second Reagan administration when some key restrictions on lending practices (commercial and consumer) were lifted. That mess, first manifested as the "S&L crisis" of the late 1980s caused me personally to have to change jobs several times, and I don't see it as having ever really ended. The world of housing finance changed completely in the mid-1980s, and it's been on a roller-coaster since then. Things just are not the same as they were before then, and they never will be again.

From my perspective I see it as a general failure of government to properly regulate mortgage lending practices and the secondary market, in particular things like the creation and trading of derivative securities. We had a combination of forces working at fundamentally crossed purposes trying to maximize profits for financial institutions, plus making it too easy for people who perhaps should not be buying homes to buy them. Add the natural greedy tendencies of humans, and the inclination of some people to panic and buy when they see prices going up and up, out of fear that the dream of home ownership would be out of reach forever. Meanwhile governments at all levels have allowed infrastructure to decay, and created a welfare system for retired and termed-out career politicians and their cronies.

It took a lot of people of all political persuasions and economic classes to jack up the economy, and I'm not going to play along with anyone's facile finger-pointing.

Good government creates good jobs.

No it doesn't. Good government creates a stable, predictable economic environment in which people feel comfortable taking risks by starting and expanding businesses, which create jobs both good and bad. When there are plenty of jobs to choose from, people who need jobs have choices and can pick the good ones.

[pocoloco]

29. How many McDonalds did it take??

[bobburgster]

47. My worry is they'll get credit for it.

The republican B.S. machine, and the gullible nature of voters is pretty scary.

[slackmaster]

58. My first experience managing a political campaign put the gullibility of voters in sharp focus

I found it very disappointing to confront something that I already knew but had still held vain hope was not: That the candidate who spends the most money is most likely to win a given race.

Jerry Brown's recent win proves it isn't always so, but most of the time that's the way it works.

[ProSense]

6. Here are some more

charts

[JDPriestly]

18. This is good news, but of course, the problem is that while the

chart looks good, the many, many people out of jobs and with very little or no income continue to search for jobs with no success.

It's one of those unfortunate situations in which really good is still not good enough to make people happy.

The more jobs are created, the more people enter the workforce who need them.

That is why it is so important to hold the line on Social Security -- until the demand for workers no longer can be met. Only then will older workers be able to support themselves.

I fear that the PERCEPTION of bad times will continue until the demand for jobs is high enough that the less desirable workers such as older workers, very inexperienced workers and poorly trained workers have jobs. That is the political reality.

And I think that will be a long time thanks to our trade policies.

[bobburgster]

49. Why oh why did we not scream out these stats all through the election process??

The democrats had enough "real" facts to demolish the republicans...instead we let the screaming teabaggers dominate the news cycles.

[Rosa Luxemburg]

7. Why doesn't soeone show this on TV?

[indy legend]

10. You would think the "liberal" media would be all over this. (Sarcasm)

[Mark Maker]

9. You forgot a chart, if the economy is at what is said to be at full

employment, meaning 4-5% unemployed, who would private business be creating those jobs for? Who would be available to fill them, foreign workers maybe?



http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3

[LawnKorn]

11. The Republicans in the Bush Administration created lots of jobs - in China

Tax cuts for the rich to increase employment overseas. The wealthiest Americans live on easy street while the rest of us are living on credit cards.

[SoapBox]

12. And will ABC (Diane? Listening?), CBS, CNN, NBC, NPR, PBS cover this? ...don't hold your breath.

Talk about your lame stream media.

[perimedik]

15. coverage

oh and soapbox
" And will ABC (Diane? Listening?), CBS, CNN, NBC, NPR, PBS cover this? ...don't hold your breath."

Yes, they are talking about it.

[Scurrilous]

13. K & R

:thumbsup:

[perimedik]

14. how many were lost

in that same period of time? That is the key.
1.3 may have been created however means nothing if 2.6 million (or whatever the number has been) is lost in 2008 alone.
The jobs may have been created, however jod loss may be far greater than that.

In April of 2008 the unemployment rate was 4.8%
Oct 2008 6.1%
Jan 2009 8.5%
Jan 2010 at the high of 10.5%
November 2010 was 9.3%

Those do not include people who are out of work, actively looking and not collecting.
http://www.bls.gov/cps/cps_htgm.htm

[subterranean]

22. About 8.5 million jobs were lost in 2008 and 2009.

It'll take a long time to make up for that.

However, the 1.3 million jobs added in 2010 were more than all but three of Bush's eight years. And even those three years were well below the average during Clinton's term.

[hay rick]

20. Obama has presided over a net loss of jobs- so far.

Mostly not his fault, but I see little cause for celebration in this cherry-picked set of numbers. Note that the 2010 start point conveniently ignores the atrocious job loss numbers from 2009, the first year of Obama's presidency. Notice also that the selected numbers are for private sector employment rather than total employment.

Wikipedia article on "job creation" by presidency here: http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

Politifact weighs in on debate here: http://www.politifact.com/truth-o-meter/statements/2010/jun/04/nancy-pelosi/pelosi-touts-democratic-record-job-creation/

[mikekohr]

36. Obama's policies immediately reversed a catastrophic decline in monthly job losses

I takes time to undo historic "F" up. He has produced 12 straight months of private sector job growth. If the increase in jobs had come through government hiring he would be be getting crucified for increasing the size of government.

[MannyGoldstein]

21. And Bush created more jobs in one year than Obama created in two years

This is a meaningless comparison, comparing a single year to a long-term average. There's good months and bad months.

Obama and Bush both have horrific long-term records, although shedding jobs in early 2009 was not Obama's fault (although he's not fundamentally changed the underlying policies.)

[Liberal_Stalwart71]

23. Amazing how some in this thread are blatantly rooting for Obama's failure! n/t

[regnaD kciN]

43. Not amazing at all...sadly, I believe many progressives would rather be completely out of power...

...so that they could complain more loudly and righteously. Actually getting things done is a lot more work, which isn't as fun as typing out another blistering tirade to those who think just like us.

:shrug:

[Turborama]

24. Is it just me or is anyone else having problems opening that link?

I posted Pelosi's report on this with the graphs and direct links, here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x586658

And here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x132836

[Roland99]

25. Why doesn't the graph show Bush's 8 years?

[Turborama]

26. Why do you want to see Bush's 8 years?

Did Bush have another economic meltdown during that time?

[mikekohr]

30. Here is the Job Creation Graph By President and Party From 1945-2000

http://2.bp.blogspot.com/_mHSyEv8vBt4/S6Zvl-nui8I/AAAAAAAAACQ/3j0wUSj78mk/s640/Job+growth+graph.jpg?

Many Americans are aware that George W. Bush has had the worst job creation record since the government began tracking these figures in 1939. But Bush's colossal failure to manage the economy overshadows a much larger story.



The record shows two unmistakable patterns:
Every time a Republican succeeds a Democrat in the White House, the job creation rate plummets.
Every time a Democrat succeeds a Republican in the White House, the job growth rate soars. Every time! No exceptions!

Considering the steady growth in population of the United States during this time frame the job creation rate should steadily increase each month (currently it must grow by 128,000 per month to keep up with population growth). This trend only manifests itself when examining Democratic administrations:

Listed below is the average job growth increase for all terms served:

http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?


By: mike kohr Graphics by: Bonny Kohr

http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

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

[Turborama]

53. Thanks for those extra graphics & comments

Interesting.

[Roland99]

57. to match the content of the artcile. Otherwise, it's a pointless graph

[edogawa]

27. I do not wish to praise Bushy, but,

I guess you can make any kind of chart you want....Pelosi seems a little dishonest to me.

<img src="">

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet

[mikekohr]

31. see above graph Job Creation 1945-2000

Republicans CRUSH job creation EVERY DAMN TIME!

[Psephos]

28. Utter bullshit.

It isn't, of course, Obama's fault that the economy got so bad, or that so many millions of jobs disappeared, but this goes way beyond putting a bit of rouge on the numbers. BS like this is what I would expect from pugs, not Democrats.

WHO EFFIN CARES how many jobs you've added when for every job you've added, eight have been lost, while off the books, despondent millions are dropping out of even looking for work?

Not to mention that because of a growing population, the US must add 125,000 to 150,000 jobs every month just to absorb the expansion in the labor pool. That's BEFORE any net addition to employment rates.

All this silly number shows is that in the past year, we've failed to even keep up with population growth, let alone add any net jobs.

No doubt the pugs will come up with some distorted claim that's even worse. It's a race to the bottom.


A truth that's told with bad intent
Beats all the lies you can invent.
- William Blake

[mikekohr]

33. Utter Truth & Accomplishment

Real GDP Grows For 5th Straight month -graph-
?


Bureau County Democrats
http://bureaucountydems.blogspot.com

A LITTLE HISTORICAL PERSPECTIVE
It Took FDR,The Most Accomplished President Ever, Time to Undo Republican Economic "F" Up
?

Flip this chart over and superimpose it over the graph in the lead OP of this thread. They match up rather closely.
Reality: Hoover ='s Bush,
FDR ='s Obama

If we want to avoid the pain of recovery from recessions we have to quit electing the assholes that create them.

9 of last 10 recessions occured under Republican leadership:
http://bureaucountydems.blogspot.com/p/history-of-recessions.html

Republicans CRUSH job creation: http://bureaucountydems.blogspot.com/p/job-growth.html

Democrats wildly outperform Repblicans on every measurable economic statistic:
http://bureaucountydems.blogspot.com/p/economic-record.html

RESULTS MATTER!

[FarLeftFist]

32. Obama's policies are finally starting to pay off.

Bush laid out fiscal 2009 budget, IMO none of those job losses are Obama's fault per se as none of his policies directly caused these job losses. But his policies are finally starting to net some gains. It hasn't even been 2 years and conservatives believe he is in possession of a magic wand. OMG he couldn't fix all the worlds problems in 2 yrs!!!

[mikekohr]

34. Yes they have been, much to the disappointment of the Republican Leadership

which one would expect. But also to some on this forum. I understand the former, the latter I have not figured out yet.

[pettypace]

37. "produced by Pelosi's office"

That right there tells me there isn't an ounce of bias in the report.

Four more years!

[eridani]

38. Obam + Bush = 15 straight years of no NET job growth

Of course Bush bears 95% of the responsibility for that, but it isn't much consolation. Jobless reecoveries are good enough for Obama, just as they were good enough for Bush.

[saras]

39. Biggest source of lower unemployment..

http://abcnews.go.com/WNT/video/unemployment-drops-americans-give-economist-reports-workers-working-class-business-12568213

The video suggests, and the experience of most of the people I know supports it, that the 'unemployment' drop has more to do with people dropping of the lists of people 'seeking work' than it does with them actually finding any.

[slackmaster]

40. The 2010 census also "created" something like 800,000 temporary jobs

Not that anyone in particular deserves credit for that.

[oldworldnews]

41. OBAMA trumpets economic growth (news story)

http://owlreview.com/index.php?option=com_content&view=article&id=11136:obama-trumpets-economic-growth&catid=324:associated-press&Itemid=457

[mikekohr]

51. Dead Link nt

[MJJP21]

44. Created jobs

in what way? What jobs has he created that would not have been created had he not been president? What jobs has he created that will last beyond the stimulus money that was spent? What industries has he endorsed and/or protected? What employee bill of rights has he endorsed? What anti union laws now on the books has repealed or is working to repeal? What initiative has he sponsered to foster new manufacturing in this country and what initiative has he sponsered to bring back jobs that were outsourced at the blessing of the republicans for the past 20 years? Where is the high speed rail that this country needs, where is the alternative energy projects that we need, where is the high speed internet projects that are needed ? Where are the infrastructure projects that need to be done? Need I go on? In short any jobs that were created would have been created with or without him.

[Swampguana]

45. Wasn't really a large number of jobs for Obama to get to beat Bush

[obxhead]

46. Do these numbers contain the 700K or so temporary census jobs

that no longer exist?

[mikekohr]

50. NO! Here is the graph that separates out private job growth and government hiring

?



President Obama took over at the depths of the George W. Bush Great Recession and immediately stopped the stunning increase in monthly job loss and reversed the trend. We have now witnessed 10 of the last 11 month's producing positive private sector job growth.
(October and November of 2010 also showed an increase in private sector job growth which makes 12 of the last 13 month's in positive territory)

President Obama's economic policies have created more private sector jobs in less than 2 years than did George W. Bush's economic policies did in 8.

[grahamhgreen]

48. Think that's good??? He created 1.4 million in China, & raised the min wage 40%!!!

But, I admit he's better than Bush in this regard, but far from FDR

[dotymed]

52. Unfortunately,

these were not high paying Union jobs. We were supposed to get the "workers fair employment act" that allowed people to Unionize much easier and therefore collectively bargain for wages and benefits without the fear of reprisal.
When most of the wealth is concentrated in the hands of a few, this is not possible. Especially when they outsource all of the potentially good paying jobs.
We, the poor and working class, must become active in the class war that is being waged against us (and has been for 30+ years).
The "elites" tell us there is no class war and we should not have one. B.S., they (through their bought and paid for congress and President, have been wiping us out (stealthily they think) for decades. Wake up, you 80% (at least) and fight. How else can we win?

[LittleGirl]

54. Not that the recession hasn't ended, but

this is great news. Thanks for posting.

Now I have something to defend my liberal views with.

[subterranean]

55. Not to rain on the parade, but about 25% of the new jobs were temporary jobs.

That's a far higher number than we've seen in the past, and not a good sign if it continues.

[Jeffersons Ghost]

56. K&R