Lost jobs under Bush and gained jobs under Obama are both myths

Discussion in 'Economy' started by asterism, Jul 17, 2011.

  1. asterism
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    asterism Congress != Progress

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    Lost jobs under Bush and gained jobs under Obama are both myths.

    During the Bush years net job gain was over 4.4 million.

    During the Obama years total net job loss is over 2.8 million.

    The data:

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2001 164 -166 171 -484 -207 -219 198 -830 605 -454 -154 -191
    2002 -346 737 -261 -51 413 -124 -2 292 597 -294 -487 -95
    2003 991(1) 65(1) -48 199 -89 246 -316 75 60 375 440 -13
    2004 61(1) 70(1) -89 227 172 322 382 17 -86 245 499 -106
    2005 120(1) 140(1) 269 600 355 105 312 408 -33 147 -49 253
    2006 398(1) 307(1) 284 20 328 264 -151 423 190 499 220 436
    2007 63(1) 33(1) 268 -724 291 157 -172 -216 561 -294 647 -312
    2008 135(1) -224(1) -40 30 -248 -200 -246 -312 -111 -278 -710 -744
    2009 -1123(1) -514(1) -865 -102 -428 -314 -184 -385 -618 -398 197 -630
    2010 551(1) 187(1) 254 430 -29 -261 -101 276 111 -294 -175 297
    2011 117(1) 250(1) 291 -190 105 -445
    1 : Data affected by changes in population controls.


    [​IMG]

    Bureau of Labor Statistics Data
     
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  2. daveman
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    daveman Diamond Member

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    You hush with your damn facts. Obama saved us all from certain doom. Doom, I say!

    Right, USMB lefties? Go go Obama recoveryless recovery!!
     
  3. SFC Ollie
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    SFC Ollie Still Marching

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    I thought the facts on this subject were supposed to be a secret?
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Well, you know. Those stats don't tell us how many jobs were SAVED.
     
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  5. xsited1
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    xsited1 Agent P

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    One question that always comes up is does a President have an affect on job growth before he assumes office? The simple answer is, "yes." The voting record of Presidential candidates is known and Wall Street will respond either positively or negatively depending on who is in the lead. One recent example is how gun sales skyrocketed before Obama took office because his anti-gun voting record was public record.
     
  6. Warrior102
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    Warrior102 Gold Member

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    I am so confident in Obama - I am going to rush out and spend $87 to fill up my pickup.
     
  7. daveman
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    daveman Diamond Member

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    If you were really confident in him, you'd wait for him to pay for your gas and mortgage.
     
  8. rdean
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    rdean rddean

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    Obama was sworn in on Jan 20th 2009. Better look at your chart. What does "2009 -1123(1)" under the month of January mean?

    In fact, starting back in 2005, things for boy George don't look good. We had trillions in tax cuts. If that was only good for two years, why bother? Wasn't the trillions in tax cuts, the hidden and unpaid cost of two wars and the "drugs for votes" bill, all under a Republican congress, the beginning of both the recession and the deficit?

    All I have is a very, VERY, large:

    Oops!

    Facts and Republican history are polar opposites.
     
    Last edited: Jul 17, 2011
  9. LordBrownTrout
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    LordBrownTrout Gold Member

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    We're saving so many jobs under O's supreme leadership that we're actually driving unemployment up.
     
  10. expat_panama
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    expat_panama Silver Member

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    Let's all look at jobs in 2005 and before.
    [​IMG]

    There were two sets of tax cuts. The first in '01 stopped the job losses from the Clinton recession. The second on '03 brought employment to an all time high. Some say Obama's anti-employer crusade in '08 did not hurt employment. That's debatable. What's for sure is that Obama taking office in '09 didn't make any new jobs.
     

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Jobs gained versus loss in the US economy since 2008