23 Million Jobs Created Under Clinton, just 4 Million Under Bush

[Meister]

The job growth during Clinton's terms is due to the peace dividend from ending the Cold War, the 1994 Congressional elections, Y2Ktech investment, telecom expansion from the internet, and the dotcom bubble. Some jobc creatiion was accelerated; some was never justified to begin with.

And then the bubble burst and 911 happened - both knocked the economy down quite a bit.

Yea, but if tax breaks work then after a 2.4 TRILLION tax cut, with 52% going to the top 1%, then the economy should have been booming. Otherwise, what was the purpose of the tax cut?

The economy was doing pretty good.

 

[rdean]

The job growth during Clinton's terms is due to the peace dividend from ending the Cold War, the 1994 Congressional elections, Y2Ktech investment, telecom expansion from the internet, and the dotcom bubble. Some jobc creatiion was accelerated; some was never justified to begin with.

And then the bubble burst and 911 happened - both knocked the economy down quite a bit.

Yea, but if tax breaks work then after a 2.4 TRILLION tax cut, with 52% going to the top 1%, then the economy should have been booming. Otherwise, what was the purpose of the tax cut?

The economy was doing pretty good.

I'm talking about our economy. Not the Chinese economy where Republicans helped move millions of jobs from 2001 to 2008. That tax money was spent. Just not here.

 

[Mr.Fitnah]

Pets.com

 

[boedicca]

The job growth during Clinton's terms is due to the peace dividend from ending the Cold War, the 1994 Congressional elections, Y2Ktech investment, telecom expansion from the internet, and the dotcom bubble. Some jobc creatiion was accelerated; some was never justified to begin with.

And then the bubble burst and 911 happened - both knocked the economy down quite a bit.

Yea, but if tax breaks work then after a 2.4 TRILLION tax cut, with 52% going to the top 1%, then the economy should have been booming. Otherwise, what was the purpose of the tax cut?

To help the economy recover from the double-whammy recession.

It worked.

 

[ConservativeDad]

23 million jobs created under Clinton? I find that hard to believe unless you are including interns. And even then that's not fair as he was paying them under the table (and under the podium, the desk, and likely right under Shrillary's nose)...

 

[Chris]

George Bush was the worst president in American history.

He inherited a budget surplus, a strong economy, and a nation at peace.

He left us with a trillion dollar deficit, a collapsed economy, and two useless wars.

 

[rdean]

George Bush was the worst president in American history.

He inherited a budget surplus, a strong economy, and a nation at peace.

He left us with a trillion dollar deficit, a collapsed economy, and two useless wars.

You are so wrong. The GOP found a "use" for those wars. Their friends made money. Lots and lots of money.

 

[auditor0007]

Job creation? - Paul Krugman - Op-Ed Columnist - New York Times Blog

still have not heard a GOPer give a good explanation for this

First off, this has nothing to do with Clinton and Bush. Neither one of them created any jobs really. You see, for the most part government does not create jobs.

So why were so many jobs created under Clinton versus Bush? It's very simple really. And it really began under George H. Bush. There are two reasons all these jobs were created under Clinton, computers and cell phones. Nobody had them and everyone wanted them, both personally and for business. They were two new products that became such a major driving force in the economy, not just in the US, but worldwide. By the time Clinton left, everyone that needed these items had them. Yes, people and companies still needed to update every few years, but now they were just replacing something they already had. The driving force of new products in the economy was gone. So GW didn't get the benefit of any of that.

Ask most economists what we need to get the economy going again, and they will tell you that we need some new innovation that will drive the economy the way it was driven by computers and cell phones in the 90's. Outiside of that, growth will remain stagnant.