Who has the better Employment and Job Growth Record? Conservatives or Moderate/Liberals (1945 - 2008) [94*8]
68What a Recession Looks Like
Some Surprising Numbers
THE CONSERVATIVES make a huge deal about how THEY are the only ones who know how to grow jobs and keep the unemployment numbers down. Because I understand economics and economic theory, I never believed them; however, I can understand all I want, the "proof is in the pudding" as they say. So, what does history really say?
Let us look at job growth first:
Job Growth By President (source: BLS)
President (Party)
| Job Growth during Term
| Comment
|
|---|---|---|
Truman (D)
| 7%
| |
Eisenhower (R)
| 7%
| |
Kennedy/Johnson (D)
| 29%
| |
Nixon (R)
| 13%
| |
Ford (R)
| 3%
| |
Carter (D)
| 13%
| |
Raegan (R)
| 18%
| |
Bush, H.W. (R)
| 2%
| Tax increase on wealthy at end of administration
|
Clinton (D)
| 21%
| Tax increase on the wealthy at begining of administration
|
Bush, W. (R)
| 1%
| There was a 2% job Loss in the last month of the Bush administration and the first two months of the Obama administration which should be attrituted to Bush
|
Obama (D)
| ?
| Not quite three years into term
|
A Couple of Summary Numbers
Average Annual Job Growth for Democrats - 5% increase in jobs per year in office
Average Annual Job Growth for Republcans - 1% increase in jobs per year in office
Can anybody explain this huge difference ability to create jobs?
Now let us look at Unemployment:
How Unemployment Numbers Compare
President(s) (Party)
| Average Unemployment Rate
| |
|---|---|---|
Truman (D)
| 4.4%
| Comment
|
Eisenhower (R)
| 4.9%
| |
Kennedy/Johnson (D)
| 5.0%
| |
Nixon/Ford (R)
| 5.9%
| |
Carter (D)
| 6.5%
| |
Raegan/Bush (R)
| 6.8%
| |
Clinton (D)
| 5.2%
| |
Bush, W. (R)
| 5.3%
| Within 2 months of the end of his administration, unemployment was 9%
|
Average Unemployment for Democrats - 5.2%
Average Unemployment for Republicans - 6%
Once again, Conservatives come in last; why? There is an old staying in politics, the country needs Republicans to get us out of the wars the Democrats get us into and the country needs the Democrats to get us out of the economic mess Republicans get us into. Obama seems to be keeping up the last part of that old saw while turning the first part on its head.
Now, What Do You Think?
Which Party Do You Believe is More Capable of Solving America's Economic Problems?
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Because of this Hub, did you change your Opinion on this subject?
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CommentsLoading...
Both parties have ruined for their own self interest, why in the world would an ordinary citizen spend millions for a job that does'nt pay but a couple hundred thousand?Can you say kickback!
The comment by Faceless just proves how goof the GOP is at hyperbole as you mentioned in your previous hub about it. If Obama had just increased the tax cuts on the 1% we wouldn't be facing these numbers. I am lmao because I know someone will read my comment and agree with me.
Btw, @Faceless, even if you look at Sep 30, 2008, before his recession became a reality, the deficit was -$416 billion, a 5-fold increase. (Also, my number for Obama should be -$1,439 billion, I let off the negative sign.)
Oops, thanks for catching that @Stump Parrish. It doesn't change the outcome, however, I added the right numbers together despite my incorrect labeling, however.
Thank you, Faceless, for your comment and observation. Here are the facts: At Sept 30, 2001, after the end of the last Clinton budget, the Deficit was $142.7 billion (stated in constant 2005 $ for comparability; it was positive, meaning we took in more money than we spent, for the previous three years) and at Sep 30, 2009, at the end of the last Bush budget, the Deficit was -$1,274 billion; an 10-FOLD INCREASE!! It is estimated that at the end of Sep 30, 2011, the last Obama budget, the deficit was $1,439 billion. Now, how do you think those numbers compare to what you have been told is true; my source is historical table 1.3 from OMB. I don't see where Obama tripled the deficit, do you? I do see where Bush 10-tupled the deficit, however. Oh, btw, most of Obama's deficit increase was due to trying to mitigate the damage done by the Bush recession.
Just curious as to how this will change your numbers. You have Reagan listed as a Democrat and while he was originally a representative of the Democratic party he changed to the Republican party around 1962. He stated that he didn't leave the Democratic Party, they left him.
Hmm there's more to this than meets the eye. From what I can tell, Democrats just tripled the deficit (Oh, I know, it was Bush's fault too). Both parties have destroyed the Constitution, democracy, and the country. Both parties suck. http://specfriggintacular.files.wordpress.com/2011
My Esoteric Hub Author 7 months ago
Thanks for reading my hub Dave, however, I am not sure what you are driving at with your comment, although I can be pretty dense sometimes, just ask my Conservative friends.