Skip to comments.Obama's jobs record: Better than Bush's
Posted on 09/18/2012 6:22:35 AM PDT by listenhillary
NEW YORK (CNNMoney) -- Mitt Romney is accusing President Obama of overseeing the worst jobs recovery since the Great Depression.
And months of disappointing jobs growth means the president could face Election Day with fewer workers than on the day he took office.
But Romney's accusation is wrong -- President Obama's job gap isn't the worst. In fact, it isn't nearly as big as the one President George Bush faced eight years ago.
Here are the numbers:
There are 261,000 fewer employees on payrolls today than when Obama took office. But at the same point of the Bush administration, the jobs deficit stood at 856,000 jobs, according to current estimates of the same period.
(Excerpt) Read more at money.cnn.com ...
Months above 8% unemployment
1948-2009 - 36
2009-2012 - 43
I love they way they (MSM) just pooh-poohs the unemployment rate under Barack Hussein Obama. They were screaming when unemployment under Bush was 5.4%
Is the name of that authr for real??? Isadork?
Isadore (must have been a typo) ;)
When did The Onion buy CNN? Not surprised in the least...
This needs a vomit alert!!
This is B.S. Unemployment was consistently at 5.5% throughout most of the Bush administration. It didn’t spike until the rats took over congress. And when Bush left office it was 7% not 8+. Still running against Bush. Pathetic!
IMO, total B. S.
The Obama folks are lying their asses off. And CNN is a charter member of the DNCp.
I will say though, the average Obama supporter has an I.Q. that is less than that of a field of grass, so this will loom large on their political radar.
Employment figures under Bush were nowhere near as bad as they have been under the Obama administration. The DNCp can play with the numbers, and come up with some audacious claims, but that’s all they are.
Obama is a massive failure at home. He’s a massive failure when it comes to foreign relations.
What does this guy have to run on? It’s all a vapor trail. No wonder they’re lying.
You belong to your father, the devil, and you want to carry out your fathers desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies.
my number was a bit off
Now unemployment is so high we hardly even have a rush hour commute where before it traffic jams for two hours before and after quitting time
Where do the majority of new jobs come from? Start ups...
New Study: Startup Job Creation Collapses
September 13, 2012
by Hudson Institute
WASHINGTON—Data from the U.S. Department of Commerce indicates a continued and accelerating collapse of startup job creation in recent years. A new economic policy briefing paper from Hudson Institute, The Collapse of Startups in Job Creation, takes a close look at this troubling trend and concludes that entrepreneurship in the United States is in a parlous state.
Hudson Chief Economist Tim Kane, author of the new study, reports that job creation at newly formed firmsthose less than one year oldhas now skidded to an all-time low. In the aggregate, since 1977, new firms have combined to create a net average of 3 million jobs per year. But in the most recent available annual datafor 2010that figure was an alarming 22 percent off the mean, at just 2.34 million. And the drop-off becomes even starker when the figures are adjusted for population, which continues to rise. During the George H.W. Bush and Clinton years, roughly 11.3 Americans per thousand worked in startup jobs. But the number then fell to 10.8 per thousand during the George W. Bush administration. And it has since fallen still further, and precipitously, to 7.8 per thousand during the Obama administration
Note that DROP to 7.8 from 10.8 start ups. We saw you coming Obama of Roanoke.
I remember there was such a shortage of workers, they were hiring seniors back from retirement.
What a fool. The labor force participation rate is near record lows because of this President’s policies. Real unemployment is over 11% if the same number of people are in the labor force as when Obama took office.
Not unike mine ;-)
However, he is STILL a dork.
Facts Facts Facts
There you go with the facts again.
Facts are racist and anyone that repeats facts is a racist and Oh yea, it’s Bush’s fault that facts are racist.
If they haven't already, they're likely to hire seniors back from retirement for part time work again, thanks to the full-time employee cost of Obamacare. There is still a shortage of skilled, experienced workers available at a reasonable cost.
The job outlook for 20-somethings living in mom's basement is less positive.
How many months did Bush face a Democrat-controlled Congress?
Exactly, I wish we had a quick list of the average unemployment per year from 2001-2008 to quickly deflect this absurd position. Our side just sits and takes it, time after time, and refuse to defend our record.
The smartest thing Romney could do is to start doing what Newt did in the primaries and in each appearance state what the economic growth was at 3 yrs, 10 months into Reagan’s term and compare it to Obama’s measly numbers. That was extremely effective from Newt last year, and would be even more so a year later as Obama’s numbers are worse.
“I will say though, the average Obama supporter has an I.Q. that is less than that of a field of grass, so this will loom large on their political radar.” Well said, as grass is green so his supporters only see the green from the government. Qualification and integrity are as meaningless to them as a pebble thrown into the ocean.
Obama’s Record on Private Sector Jobs
Zero has “created or saved” millions more jobs than Bush.
The whole reason the polar caps have not melted and Manhattan is not flooded is because Zero is in office. We need 4 more years of this, or we’ll die.
His supporters are not all lay-abouts. They have kids staying in their basements I would bet. They have family members asking to borrow money because they have lost their jobs. They wince when they have to fill up the gas tanks of their cars. They put things back on the shelf at the store because they don’t have enough money for that.
I didn’t say his supporters were smart, but I know there are some who fit this scenario very well.
In those days, when I went to the grocery store, there was a white haired greeter at the door.
Now when I go to the grocery store, there are elderly people hanging around the entrance offering to take people who planned to take their groceries on the bus, a ride home for 2 or 3 dollars.
I regularly see spot jobs and casual labor being offered on Craigslist where the pay offered for the work on completion, amounts to significantly less than the legal minimum wage when you gauge the time required to complete. Often I see replies posted to these ads, that say something to the effect of “Re: Are you out of your mind?”... and yet, by the end of the day, those jobs are all gone, snapped up.
I thank God that I have a small biz that lets me eke by, but if I see a moving job on craigslist, I grab it... I have a gift for lifting heavy objects that often gets me tips at the end of the day... I look at it as getting paid to go to the gym ;^)
CNN is so full of BS, they leave a vapor trail across the MSM!!!
They had already been sucked up out of the job market and hired by the time we needed to fill our job slot.
Now, official unemployment is around 11% and unofficial unemployment number is way higher.
These high unemployment numbers don't really tell the whole story though because they don't count the out flux of the huge number of people who have simply picked up stakes and moved out of state because they can't find work.
This is known as the BIG LIE.
Anybody remember the term that the Dems coined “underemployment”? The unemployment figures in my state were so low that we officially had a labor shortage and could not find qualified people to fill positions. The Dems said “Sure unemployment is low, but these people don’t have good jobs.” Well, I’m sure some of them would like just about ANY job right about now!
“There are 261,000 fewer employees on payrolls today than when Obama took office. But at the same point of the Bush administration, the jobs deficit stood at 856,000 jobs, according to current estimates of the same period.”
Note how Isadork dishonestly compares apples and oranges: the collapsing workforce under Obama, with something he calls “the jobs deficit” under Bush. What is the “jobs deficit” under Obama? 11 million?
Facts are simple and facts are straight
Facts are lazy and facts are late
Facts all come with points of view
Facts don’t do what I want them to
Facts just twist the truth around
Facts are living turned inside out
Facts are getting the best of them
Facts are nothing on the face of things
Facts don’t stain the furniture
Facts go out and slam the door
Facts are written all over your face
Facts continue to change their shape
- Talking Heads
Chris Isidore. U of Chicago. ‘78-’92, according to LinkedIn.
The U of Chicago continues to sink into academic irrelevance.
Bush’s jobs were real, and were a net benefit to the country.
BHO’s jobs are government jobs that don’t benefit the country. In fact, he hampers beneficial gov’t jobs in favor of gov’t jobs that hamper economic growth.
Your post about those racist facts inspired me...
You know liberalism is a mental disorder because they create their own reality.
But, I don’t think that it tells the whole story.
I don’t believe that since 1949 that if you stopped looking for employment, you came off the unemployment rolls, as is done today.
I also don’t think that there were 8 million unemployed on permanent disability, and therefore not counted as unemployed, as there is today.
I know that too. Its really more than 12% and closer to 20% if you count the really underemployed
By comparison, the unemployment rate today is only slightly higher than the 7.8% rate on the day Obama was sworn in, and slightly better than the 8.3% reading a few weeks later.
Completely leaving out the dramatic drop in the labor force participation rate - with those people included the unemployment rate has steadily climbed under Obama's tenure from 7.8% to 11.2%. That is not a good record.
The author of this piece actually wants us to believe that more and more people getting so discouraged they have simply given up looking for work bringing down the unemployment rate is a sign of economic recovery. The labor force participation rate is at a 30 year low - devastating.
When did the rate fall off the cliff? When was nobama anointed? There ya go.
Here's the chart with better gradations:
From Business Insider.
The charts in replies 32 and 47 completely denigrate this article’s false headline. Those charts are devastating for nobama and need to be widely disseminated. nobama has NO defense for the truth spoken by those charts.
That fall off the cliff starting in 2009 is truly breathtaking.
The key words???
“According to CURRENT ESTIMATES of the same period”.
How come there aren’t actual figures recorded somewhere?
We are only comparing figures that are about 4 years apart—not 104 years apart.
The rest of the story.
“The data that was reported eight years ago was somewhat different, compared with current figures looking at that period, since revisions have taken place in the months and years that followed. But on Election Day 2004, the readings at the time showed the economy with 585,000 fewer jobs than when Bush took office.”