We hear a lot about this fictional Liberal Land under President Obama, where job creation was killed by Obamacare and Liberal ideas have destroyed the country. Reality, of course, is quite different. In fact, reality is almost the exact opposite. For Bushs entire 8 years, job growth was just 1.1million. Yet under Obama, the private sector has had 48 straight months of job growth, with business adding 8.7 million jobs. Todays job numbers are a good example of the disconnect. Nonfarm payroll employment rose by 175,000 in February, and the unemployment rate, at 6.7 percent, changed little, per Erica L. Groshen, the commissioner of the Bureau of Labor Statistics. Jason Furman, chairman of the council of Economic Advisers, put these numbers in perspective in a statement in which he explained that February was the 48th straight month of private sector job growth, with businesses adding 8.7 million jobs over that time. This matters because we hear a lot from Republicans about how Obama is killing jobs. However Rick Newman pointed out in January of 2013 for US News that in Bushs first term, he created zero job growth, even before the Bushs recession. When Bush began his first term in January 2001, total nonfarm employment was 132.47 million. When his second term began four years later, it was 132.45 million, or effectively zero job growth. Thank You Hector Gonzalez for this.
Posted on: Tue, 11 Mar 2014 13:15:28 +0000