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Facts And Figures Of Job Creation, Spending, And GDP Growth In 10 Bullet Points

Posted by on Jul. 6, 2012 at 8:28 AM
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1 mom liked this

 

Facts And Figures Of Job Creation, Spending, And GDP Growth In 10 Bullet Points

July 5, 2012
By

Cross posted with permission from RethinkFuture. Written by Uzair Qadeer

Written by: Uzair Qadeer

1. Since 1932, Democratic Presidents have created 73.4 million new jobs, Republicans have created only 34.8 million.

2. To put it in perspective, it took Barack Obama 39 months to create more jobs (3.9MM) than last 3 presidential republican terms did in a combined total of 12 years or 36 months (3.7MM).

3. Bill Clinton created more jobs in 2 terms than all the terms of the following five Republicans did altogether: Eisenhower (2.74MM), Nixon (9.18MM), Ford (2.07), Bush I (2.59MM), and Bush II (1.31MM).

4. Last three liberal presidents, Carter, Clinton, and Obama have created more jobs (37.38MM) in 4 terms than last six republicans, including Reagan, did altogether in 10 terms (33.69MM).

5. In last 50 years alone, non-government payrolls in the U.S. swelled by almost 42 million jobs under Democrats, compared with 24 million for Republican presidents, according to Labor Department figures.

6. Democratic presidents accounted for an average of 150,000 additional private-sector paychecks per month over that period, more than double the 71,000 average for Republicans.


7. Most recently, private employers have added an average of about 900 jobs per month since Obama’s inauguration. During the two terms of his predecessor, Republican George W. Bush, private payrolls shrank by an average of 6,700 jobs per month.

8. Democrats though have been better at being Republican than Republicans. The only payroll that shrinks under Democratic Presidents is federal, state and local government. That employment grew by 7.1 million under Republican presidents and 6.3 million when Democrats were in the White House.

9. Democrats have operated a high-power private industry job creation machines through reduced spending and strategic investments. Democrats spend far less; spending breaks down as $35 billion a year under Democratic presidents and $60 billion under Republicans on average. If you assume that it takes a year for a president’s policies to take effect, Democrats have raised spending by $40 billion a year and Republicans by $55 billion. Thus, the GOP is more responsible for the debt that we have amassed, lowering our credit rating.

10. Democratic presidents not only created twice as many jobs, through liberal initiatives such as minimum wage and other regulation, Democratic presidents have a much better track-record for making every income bracket more prosperous. In last 70 years alone, GDP rose 12.6% under Democrats versus a GOP increase of 10.7%. From 1960 to 2012 the gross domestic product measured in dollars rose an average of $165 billion a year under Republican presidents and $212 billion a year under Democrats.

Sources: Washington Post | International Business Times | Bloomberg

by on Jul. 6, 2012 at 8:28 AM
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Replies (1-10):
jewels5525
by Gold Member on Jul. 6, 2012 at 12:12 PM

BUMP!

jewels5525
by Gold Member on Jul. 6, 2012 at 12:14 PM
2 moms liked this

I still cannot understand the complaining that Obama didn't create enough jobs this quarter.  Especially when the past administration lost so much.  I mean isn't 1 new job much more impressive than 1 lost.  

The spin is making me dizzy.

pamelax3
by Gold Member on Jul. 6, 2012 at 1:26 PM

It really does not matter who creats the most jobs.. The fact is we have an 8.2% unemployment rate so the job creation is not happening...

jewels5525
by Gold Member on Jul. 6, 2012 at 2:00 PM

Even if that was true, we are no longer loosing the jobs we were under the past administration.  Correct?

Quoting pamelax3:

It really does not matter who creats the most jobs.. The fact is we have an 8.2% unemployment rate so the job creation is not happening...


pamelax3
by Gold Member on Jul. 6, 2012 at 2:19 PM

We are still loosing jobs no matter what administration is in... We need to stop living in the past and try and focus on the present and future...

Quoting jewels5525:

Even if that was true, we are no longer loosing the jobs we were under the past administration.  Correct?

Quoting pamelax3:

It really does not matter who creats the most jobs.. The fact is we have an 8.2% unemployment rate so the job creation is not happening...

 


Shortiekt
by Gold Member on Jul. 6, 2012 at 2:28 PM
4 moms liked this

By looking at the past we see that the policies in place during Democrat Presidencies resulted in more job sector growth. This may show people that 'trickle down' doesn't work, which has been advocated by the Republicans.

Quoting pamelax3:

We are still loosing jobs no matter what administration is in... We need to stop living in the past and try and focus on the present and future...

Quoting jewels5525:

Even if that was true, we are no longer loosing the jobs we were under the past administration.  Correct?

Quoting pamelax3:

It really does not matter who creats the most jobs.. The fact is we have an 8.2% unemployment rate so the job creation is not happening...




happy2bmom25
by on Jul. 6, 2012 at 2:30 PM

http://data.bls.gov/timeseries/LNS14000000

the link above shows unemployment rates during the past 10 years, showing a huge increase in 2008...

numbers can easily mislead us. 

smalltowngal
by Platinum Member on Jul. 6, 2012 at 2:31 PM

We have more people entering the work force because of population growth than jobs being created. We really need to be creating around 220k jobs every month to break even and this morning, we had 80k which is not nearly enough. Also, Clinton was during the dot com boom so he had a giant bubble during his administration. A lot of those jobs created weren't real jobs and went away when the bubble burst. If you were a hs graduate and could turn on the computer, you could make 80k. 

Quoting jewels5525:

Even if that was true, we are no longer loosing the jobs we were under the past administration.  Correct?

Quoting pamelax3:

It really does not matter who creats the most jobs.. The fact is we have an 8.2% unemployment rate so the job creation is not happening...



pamelax3
by Gold Member on Jul. 6, 2012 at 2:33 PM

OK!! Tell that to the unemployed

Quoting Shortiekt:

By looking at the past we see that the policies in place during Democrat Presidencies resulted in more job sector growth. This may show people that 'trickle down' doesn't work, which has been advocated by the Republicans.

Quoting pamelax3:

We are still loosing jobs no matter what administration is in... We need to stop living in the past and try and focus on the present and future...

Quoting jewels5525:

Even if that was true, we are no longer loosing the jobs we were under the past administration.  Correct?

Quoting pamelax3:

It really does not matter who creats the most jobs.. The fact is we have an 8.2% unemployment rate so the job creation is not happening...

 

 



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