Obama created more jobs in one year than Bush created in eight

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"Obama created more jobs in one year than Bush created in eight"

The GOP mantra is to put the phrase “job-killing” in front of any progressive policy.  Now we see that Cheney’s pro-pollution, pro-rich policies aren’t as effective as even Obama’s modest clean energy, middle-class-oriented ones.  I think the analysis here is somewhat unfair to Obama since one ought to give some a short window to a new president to actually be responsible for the job loss/creation.  Even a roughly 3-month lag would mean Bush was responsible for essentially no net job creation during his Presidency, a time of rampant deregulation and dirty energy policies.

ThinkProgress has the story in this cross-post:

This morning, the Labor Department released its employment data for December, showing that the U.S. economy ended the year by adding 113,000 private sector jobs, knocking the unemployment rate down sharply from 9.8 percent to 9.4 percent “” its lowest rate since July 2009….  October and November’s jobs numbers were also revised upward by almost 80,000 each. Still, 14.5 million Americans remain unemployed, and jobs will have to be created much faster in coming months for the country to pull itself out of the economic doldrums.

Responding the jobs report, House Minority Leader Nancy Pelosi (D-CA) noted that President Obama and the Democratic Congress have created “more jobs in 2010 than President Bush did over eight years.”

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. The chart above, 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.

A ThinkProgress cross-post.

JR:  These job creation numbers are certainly inadequate, but obviously we came closer to sinking into a Depression than anyone realized.  Why Obama fails to make the case for the success of his policies is a mystery — but progressives must explain how strong environmental and clean energy policies are job creators.  We saw that in the Clinton administration.  We saw the reverse in the Bush administration.  And now it appears we are seeing vindication of that view in the Obama administration.  If the numbers turn the wrong way in the coming year I’ll be happy to post on that, but for now, it remains important to make clear whose policies create jobs and whose policies destroy jobs.  That said, I’ll take bets with anyone who thinks we won’t see more jobs created in 2011 and 2012 than in 2010.

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15 Responses to Obama created more jobs in one year than Bush created in eight

  1. Anonymous says:

    Doesn’t this also indicate the track record of republican economics on job growth? The legacy of deregulation, tax cuts and deficit spending appears to be one of killing job growth.

  2. BBHY says:

    And yet Democrats routinely allow Republicans to label them as job killers, and even modest taxes on the super rich are called job killing taxes.

    I just heard Cantor say exactly that on TV while I was typing that! About the only person I have ever heard make any effort at all to call out the Republicans on their false rhetoric is Rachel Maddow.

  3. Combating Republican economics and combating Global Warming have been equally unsuccessful. Robert Reich and Nancy Pelosi, among others, speak out against Republican economics; Joseph Romm and James Hansen, among many, many others, speak out against Global Warming. But politics, intrenched corporate interests, and the media are mostly on the side of Republican economics; the same groups prevent effective policies to stop global warming.

    Obama could turn this terrible situation around, except that he and his advisors feel that attacking hard will not work politically. Other than locally, I have a weak influence on events in Washington. I can mostly only watch and see what happens, but I grow more pessimistic every day.

  4. Paul K2 says:

    It is important to remember when looking at the above graph, that the first new Obama budget year didn’t kick in until November of 2009. Although there were significant short term measures implemented by Obama, the really important impacts weren’t felt until the first budget year started.

    In general, when assessing the effectiveness of various policies, the first fiscal year after the new election still should sit on the prior guy’s watch. Republicans clearly understand how to “game” this system; this is why they often pass retroactive tax cuts immediately on taking office. The retroactive tax cuts hurt the deficit numbers for the previous president, and yet the new president can claim credit for the tax cut and any fiscal stimulus.

    If the records of presidents are assessed back to the Carter administration, using this technique, we find some interesting results. For example, if further adjusted by allocating payments on the national debt to the appropriate administration, the entire addition to the US government debt from 1977 through 2009 was due to three presidents: Reagan, Bush, and Bush. In spite of this, the Republicans and the Tea Party blame the accumulated debt on the Democrats.

    This level of deception almost reaches the same level as Republican lies about global climate change.

  5. I should not have forgotten to include Paul Krugman, an outstanding and important critic of Republican economic policies.

  6. Jim Groom says:

    These numbers will be ignored in same way that the recent CBO scoring of the GOP health care killing bill were received. When your purpose is to deceive and misdirect facts and figures can’t be allowed to get in the way of good whopper.

  7. Raul M. says:

    There is still the treasure hunt for the
    spoils taken from Iraq. Was said to be
    billions in gold, jewels, and various
    Treasures. But when some GI has been
    found to have some and the military
    officials take it back? Oh the treasure
    Hunts continue.

  8. Mulga Mumblebrain says:

    The jobs growth under Obama has mostly been in hamburger-flipping, low paid, ‘precarious’ employment. The drop from 9.8% to 9.4% was mostly down to people becoming discouraged or falling off the rolls as ’99 weekers’. Real unemployment, as measured in 1980, is around 16%. The share of GNP going to profits is the highest ever measured. Productivity is up, whereas wages are down, as under Bush, after stagnating for decades. Inequality in the US is probably the greatest ever, and the ratio between executive larceny and median wages continues to grow like topsy. De-unionisation continues, US workers remain the most easily disposed of of any in the Western world. The USA’s gigantic ‘reserve army’ of working poor continues to grow, and well-paying jobs outsourced overseas now include many technical, scientific and managerial positions. In other words the neo-feudal project rolls on, not one iota disturbed by the con-man Obama, the reincarnation of George Bush, his third term in fact. If you continue to delude yourself that Obama represents anything but ‘business as usual’ ie plutocratic rule and popular decay, then, may I respectfully submit, you have lost touch with reality.

  9. Ross Abbey says:

    Given today’s events, it’s hard to not notice the violent tenor of the Repub’s coordinated messaging campaign re: “job-killing” regulations, “job-killing” policies, etc.

  10. Jim Beacon says:

    Yeah… great statistic. Too bad every Democrat running for office and the incompetent Obama White House didn’t have the sense to be shouting it from the hillsides 24 hours a day during months leading up to the last election. They might have managed to counter the lies of the Republicans and Tea Baggers just enough to keep control of the House of Representatives. I’ve said it before and I’ll say it again: The Democrats as a political party couldn’t sell ice cream on the 4th of July.

  11. George says:

    If you are trying to make the point that Obama created more jobs in 1 year than Bush did in 8, don’t you have to show all 8 years of the Bush administration?

  12. Jim Groom says:

    Since passage of the health care bill signed into law on Mar 23, 2010 the economy has added approx 1.1+ jobs including over 200,000 in the health care industry. According to Mulga, most of the jobs are burger flippers. Well what do you know…I was not aware that there were 200,000 burger flipping jobs in the health care industry.

    One thing that far too many folks forget, including most of the GOP members of congress, is that increasing access to health care creates thousands and thousands of new jobs in the health care industry.

  13. Dan Allen says:

    Check out http://www.chrismartenson.com. Praising figures like this is the equavalent to admiring a newly-polished section of a brass railing on the Titanic as it’s gaping hull swallows icy sea water. Listen closely: “glug glug…”

  14. Prokaryotes says:

    Weekly Obama Address: Economic Gains
    President Barack Obama is trumpeting private-sector job growth and lower unemployment, telling the public that “the trend is clear” on the economy _ and it’s encouraging. (Jan. 8)
    http://www.youtube.com/watch?v=VHr492IfnRQ&feature=player_embedded#!

  15. Prokaryotes says:

    He briefly mentions Energy Tax and this goes hand in hand with sweden’s success story of the carbon tax, back in 1990 introduced. Today sweden is one of the most competitive economics world wide!