Bush On Jobs: The Worst Track Record On Record

From the Wall Street Journal:

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.

Comments

3 Comments so far. Leave a comment below.
  1. I read that and I was immediately reminded of John McCain standing on the stage and saying “The fundamentals of the economy are strong” with a straight face.

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  2. PatRiot,

    Job creation comes as a result of a healthy economy. You don’t first create jobs to make a healthy economy. Granted that policy made at the Federal level can affect this but it’s not a presidents job to create jobs. If a president actually had the power to create jobs out of thin air don’t you think they would?

    You have to take these stats for what it is worth. All it shows is job loss or growth under different administrations. It is the market itself that is responsible……not the president.

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  3. smoke,

    One word,NAFTA.Introduced by Daddy Bush,signed into law by Slick Willie,and continued by Baby Bush. The great sucking sound continues.Obama and what he does with it may help to bring back the nation as producers.

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