Friday, January 9, 2009

Employment by President

I understand this is not completely due to GB II (cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 business cycle dominates a lot of this), but...

WSJ:

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 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 cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 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.



I've also added a line showing cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 difference between cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 jobs growth and population growth. Any negative figure means jobs grew at a slower rate than cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 population... not a good thing.

6 comments:

  1. The Bush administration has not created any jobs at all. Neicá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r has any ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r administration. Jobs are created when people start or epand businesses. Jobs are destroyed when cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government tries to gerrymander cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economy.

    ReplyDelete
  2. I'm really sick of this intellectually bankrupt bullshit whereby people try to ascribe economic success or failure to a president, even a two term one. Given that our current problems are due to decades of pulling demand forward by floating credit bubble after credit bubble, blaming GWII (as much as I hate him) is just plain stupid, and betrays a profound lack of perspective on how cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 world works. Please don't perpetrate this stupidity. Should Clinton really be given credit for inheriting a stock market bubble? Should Obama be punished should he actually do cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 right thing and allow our economy to suffer while we get our house back in order? This simplistic short-sighted mentality is a huge part of why were are in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 mess we are in.

    ReplyDelete
  3. jonathan-

    note cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 beginning sentence of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 post "I understand this is not completely due to GB II (cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 business cycle dominates a lot of this), but..."

    that being said, he had eight years to push at least some areas of job growth and we see / saw nothing (even before this crash, jobs were lacking - though cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 unemployment figure did not accurately represent that for a myriad of reasons including people dropping from cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 workforce or working part-time).

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  4. jake,

    i tend to ignore people's CYA hedges and look at what cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y actually say. cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fact that you bocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365red with this entire post suggests you think cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re's something to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 idea of looking at job growth as a function of what a president does during four to eight years. we're in a 100 year flood, caused by a buildup of credit over 20-30 years, and you're worrying about cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 executive branch of a distributed government over cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 past eight? why not blame congress for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 lack of jobs? cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y actually appropriate money.

    finger pointing is completely counterproductive and just plain misguided. everybody wants to find a scapegoat, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is enough blame to cover millions of people over a long, long period of time.

    ReplyDelete
  5. everything that is in this chart are actual #'s based on actual history. was it good and bad timing? possibly, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se are cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 #'s and i have absolutely no problem showing it.

    get me cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 data showing congressional majority and job growth and i'll post it. i'll assume you wouldn't want to show that eicá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r (and i do understand why), but i just don't agree with it.

    this chart to me is definitely one thing... interesting. whecá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r it is proof or not of anything is for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 reader to decide.

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  6. Should Clinton really be given credit for inheriting a stock market bubble?

    He didn't inherit it. For better or worse cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bubble (as in a run-up that doesn't reflect fundamentals) happened entirely on his watch.

    He did, however, inherit an economy at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 beginning of a business cycle.

    Party control here.

    ReplyDelete