15 Responses to 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.