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Re: U.S. economy adds 209,000 jobs, unemployment rate rises to 6.2%
You are absolutely correct, I don't have a clue but I do understand numbers. You claim that 10 million jobs were added to the private sector under Obama yet Obama takes office with 142 million working Americans and that is 146 million today. Don't know much but I do know that 146 minus 142 isn't 10 million. I also wonder how many of those so called 10 million jobs are part time workers. BLS says today we have 7.5 million permanent part time workers looking for full time jobs.
The record tells me that we have job growth as well, not enough to justify the 7 trillion added to the debt or enough from a "4%" GDP growth after a terrible recession. That is a disconnect. When you have a bad recession like we had and 4% GDP growth there certainly should have been more than 205,000 jobs created.
Now there is the issue of public employment. Do you realize that public employment is both state, local, and federal employees? Why don't you figure out where those reductions in employees came from, which branch of govt? You might be very surprised. A hint, state governments cannot print cash and have to balance their budgets.
As for Bush, I know this is hard for you and others to understand, but Bush took the job during a recession, the Clinton recession and then had 9/11. He took office with 137 million Americans working and in December 2007 he had 146 million working Americans or a 9 million increase in jobs. It is totally ignored that he had 52 straight months of Job creation because of media distortion and ignorance of the record a lot of Bush Derangement Syndrome people were created, people totally ignorant of results. During the Bush term the GDP grew from 10 trillion to 14.4 trillion. The debt grew from 5.7 trillion to 10.6 trillion. Notice what percentage of debt is to GDP? Compare that to today?
It is absolutely stunning to me how low liberal expectations are and how willing they are to accept poor economic results all because it is a President with a D after their name.
Clearly you yourself haven't a clue. In spite of Obama's alleged ignorance of the private sector economy, allegations made by you, nearly all the job creation that's taken place under his watch has been in the private sector. Only now have we started to see an uptick in public sector payrolls.
As for "low job creation", no. The records keep telling us we've actually had a lot of job growth during Obama's presidency, nearly 10 million jobs added into the private sector after the recession ended, about 5.5 million if you want to count the recession. We haven't has high job creation from a Republican president since Ronald Reagan, that was about 30 years ago. The last two GOPers had an utterly dismal jobs record, and the only reason good ol' Dubya had any sort of positive growth during his tenure was due to the 2 million public sector (Government) jobs created at his helm. Now his presidency was a real shining time for government growth!
Sorry, but "Hey look we did three decades ago!" just doesn't cut it.
You are absolutely correct, I don't have a clue but I do understand numbers. You claim that 10 million jobs were added to the private sector under Obama yet Obama takes office with 142 million working Americans and that is 146 million today. Don't know much but I do know that 146 minus 142 isn't 10 million. I also wonder how many of those so called 10 million jobs are part time workers. BLS says today we have 7.5 million permanent part time workers looking for full time jobs.
The record tells me that we have job growth as well, not enough to justify the 7 trillion added to the debt or enough from a "4%" GDP growth after a terrible recession. That is a disconnect. When you have a bad recession like we had and 4% GDP growth there certainly should have been more than 205,000 jobs created.
Now there is the issue of public employment. Do you realize that public employment is both state, local, and federal employees? Why don't you figure out where those reductions in employees came from, which branch of govt? You might be very surprised. A hint, state governments cannot print cash and have to balance their budgets.
As for Bush, I know this is hard for you and others to understand, but Bush took the job during a recession, the Clinton recession and then had 9/11. He took office with 137 million Americans working and in December 2007 he had 146 million working Americans or a 9 million increase in jobs. It is totally ignored that he had 52 straight months of Job creation because of media distortion and ignorance of the record a lot of Bush Derangement Syndrome people were created, people totally ignorant of results. During the Bush term the GDP grew from 10 trillion to 14.4 trillion. The debt grew from 5.7 trillion to 10.6 trillion. Notice what percentage of debt is to GDP? Compare that to today?
It is absolutely stunning to me how low liberal expectations are and how willing they are to accept poor economic results all because it is a President with a D after their name.