Wednesday, March 11, 2009

Earth visited by stranger from an alternate universe

The whole rant from Fleischer is unbelievable, but the claim about Bush's tax cuts for the rich leading to record breaking job creation is flat out insane how disconnected from reality it is. The left-wing pinko communists at the Wall Street Journal disagree with Fleischer.

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.

Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.

Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records.

1 comment:

Anonymous said...

And we hadn't been attacked till Sept 11 (on US soil at least). What sort of an argument is that?

Also, a world "without Saddam Hussein in it". Are you kidding me? Yeah, Clinton inherited a world with Saddam hussein in it, and we saw how bad things were for him! Thanks to Saddam, poor guy could only give great job creation, convert a deficit into a huge surplus, and raise the stature of the US in most countries in the world.

Of course, after ridding the world of Saddam Hussein, W reverted all those gains...

Absolutely, Obama should be thanking Bush for no Sadam Hussein, and a black hole of expenses that are contributing majorly to the current economic crisis.