Job growth by President from Obama to Truman

As you can see Obama is the only one with a negative jobs number. Notice also that the only two terms where government growth was genuinely slowed was under Ronald Reagan, Dwight Eisenhower (the size of government shrank under Eike), and under the second term of Bill Clinton (Thanks to Newt and the Republican Revolution). As government has grown the expansion of jobs has slowed. Also while Obama shows an unemployment of 8.3%, as has been discussed earlier that number is skewed because so many people have given up looking for work and are now not being counted. The real unemployment rate, known as the U6, is over 15%.

Presidents job creation Obama to Truman

About Chuck Norton

I write about politics, education, economics, morality and philosophy.
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7 Responses to Job growth by President from Obama to Truman

  1. clintdiamond says:

    I’d like to point out that the vast majority of job losses during Obama’s tenure occurred during his first year in office, when we were still in the middle of the recession that started towards the end of President Bush’s administration.

    Here’s a graph that should outline show that since early 2010 we’ve seen slow but steady job growth. Sorry for the messy link. [I converted it to a tiny URL – Editor]

    PoliticalArena Editor Responds:

    I would like to point out that the Bush Administration lobbied Congress in testimony at least 17 times to pass mortgage reform to prevent this crisis from happening. A group of Republican Senators and Representatives tried to pass reforms year after year and if Barney Frank could not stop the reforms in the House Chris Dodd and the Democrats Filibuster stopped it in the Senate.

    THE VIDEOS THAT SAY IT ALL: Democrats on Banking Committee Lying About Status of Fannie Mae and Freddie Mac – Saying They are Fine and Don’t Need Reform & Critique of Fannie Mae is a Racial Attack on Franklin Raines… – LINK

    Corruption You Can Believe In: Failed Sub Primes and Mortgage Fraud Lenders Funneled Money to Dodd & Obama the Most. Fannie & Freddie Gave $200 Million to Partisans-Most Went to Democrats! Dodd, Obama Among Top Recipients. Republicans Attempted to Pass Reforms-Blocked by Democrat Leadership! – LINK

    President Obama’s Mortgage Plan Largely Ignored Struggling Homeowners – LINK

    Of course, so what does Obama do? He starts pushing banks in to giving high risk loans again – LINK

    Clint, if you would like to be taken to school again feel free to come on back.

    By the way, Bush inherited a recession too because the Democrats insisted on sunset provisions on the tax cuts passed by Newt; as well as increased fuel taxes both that kicked in near the end of Clinton’s term and Bush was able to turn that around even after the shock of 9/11.

    Congratulations, you managed to stumble onto the blog once referred to as “The Paul Ryan of the blogosphere”.

  2. Good chart, but we shouldn’t read too much into it, after all correlation is not causation. There are a wide range of reasons for unemployment to fall, not all of them under the Presidents control. The actions of the current President will affect the situation under the future President. Also the numbers are absolutes, they do not take into account that the population of America was much smaller 50 years ago.

    PoliticalArena Editor Responds:
    Nonetheless, if Americans are left alone without government meddling the people will create economic growth just by doing what Americans do and if anything the population issue you spoke of makes Obama look even worse.

    Robert, when I get some time I would like to address what you wrote about Economics on your web site. With all due respect, what you have their makes for cute socialist theory in a junior high classroom, but on application it is filled with false assumptions that cannot withstand even minutes of scrutiny or real life testing. I know some ideologically confused unionized teachers put out such nonsense so I don’t hold it against you. In short, taking the arguments you have posted apart is easy; and Paul Krugman has been demonstrated to be wrong probably more than any other living economist.

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