Skip to comments.Obama Is The Dr. Kevorkian Of Job Creation
Posted on 08/13/2012 6:06:26 AM PDT by raptor22
Leadership: So abysmal is the president's job-creation record that, according to a new study, he'd have to create 280,000 every month just to get out of the cellar among modern presidents. Where are the jobs?
Presidents actually don't create jobs, but their policies and programs can stand in the way of those who do. According to a chart produced using figures from the Bureau of Labor Statistics and compiled by the good folks at the Mercatus Center at George Mason University, President Obama has made even former President Jimmy Carter look like Adam Smith.
The chart shows the total job growth during the tenure of each president since 1945 and the ending unemployment rate. Listed first is Bill Clinton, credited with creating 22.6 million jobs during his two terms, a time when Republicans took control of the House for the first time in four decades, helping to balance four budgets and passing welfare reform.
Listed second is Ronald Reagan, credited with creating 16.1 million jobs. After inheriting a genuine mess from Jimmy Carter that included inflation raging at 12.5%, policies like across-the-board tax cuts and oil-price deregulation, and policies that helped create the "dot-com" tech boom that fed Clinton's numbers, inflation was a paltry 4.4% when he left.
Under Carter, poverty and unemployment were rising, incomes were falling, productivity was stagnant, and economic growth had ceased. Reagan not only reversed the malaise of Jimmy Carter but fueled an economic boom that lasted 92 months without recession. Unemployment sank from 7.1% to 5.5%, and the prime interest rate eased from 15.3% to 9.3%.
During this boom, the economy grew by one-third and tax receipts doubled as we added the equivalent of the West German economy to our own.
(Excerpt) Read more at news.investors.com ...
excellent. And if you consider the foreseeable consequences of Obamacare, he might just be the Dr. Kervorkian in Chief.
Kevorkian thought he was a hero and a genius too, just like Odada.
He's Dr. Death - living in the gutter...
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