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Jobs Growth Under Bush In Line to be Worst in 70 years
It is not exactly a distinction that he had in mind, but seven years into his presidency, George W. Bush is in line to be the first president since World War II to preside over an economy in which federal government employment rose more rapidly than employment in the private sector.
That is not because federal government jobs have risen at an unusually rapid rate over the last seven years — although the increase did reverse a substantial decline under Mr. Bush’s most recent predecessor, Bill Clinton.
Instead, it is because job gains in the private sector were modest even after the economy recovered from the 2001 recession. In 2005, private sector employment rose 2 percent, the best annual growth rate during the Bush administration, but the rate fell to 1.4 percent in 2006 and 0.7 percent in 2007. In contrast, in six of the eight Clinton years growth was above 2 percent.
With the economy clearly slowing as the final year of Mr. Bush’s presidency begins, it is possible that the overall rate of growth in private sector employment for his presidency, now at 0.53 percent per year, could fall below the 0.41 percent rate of his father’s administration, which had been the lowest of any president since World War II.
The administration of Dwight Eisenhower currently ranks next to last in that regard, with a 0.50 percent annual rate of growth. It was damaged by a 1.8 percent decline in jobs in 1960, his final year in office, when a recession was one factor in his party’s loss of the White House.
http://www.nytimes.com/2008/02/09/us/politics/09web-redburn.html
JOB CREATION RECORDS
-11 Years of Bush41/Bush43: 8.2 million new jobs created
-8 Years of Clinton/Gore: 22.8 million new jobs created
http://www.bls.gov/
Bush spoke to a boisterous crowd shortly after 7 a.m. EST. The ballroom erupted in cheers when someone shouted "Are there conservatives in the house?" When the president walked on stage, they clapped and chanted "Four more years! Four more years!"
Economy, Iraq, Afghanistan.... Yet, conservatives still love their guy and think he's doing a great job. Conservatives wildly applaud Bush and yell "four more years!", at the year's biggest conservative meeting:
Anyone care to explain why we would want four more years of this buffoon?
I agree Bush is a buffoon. But nevertheless the President doesn't have a large amount to do with job creation and the economy.
Fair enough. So, Bush lied when he continually said for seven years that his tax cut and fiscal policies would lead to outstanding job growth.
If conservatives treat Bush as a hero why do some question that? If he is a failure then doesn't that confirm the failure of conservatism?
