Obama Created More Jobs in 2010 Than 8 Years Under Bush
January 8, 2011
(ChatahBox Political News)—Eight long years of failed GOP economic policies during the Bush administration nearly destroyed our economy and gutted our middle-class. Those same failed policies also created less jobs in eight-years than President Obama did in just one year. But you won’t hear that from the Republicans currently controlling the House, who have vowed to return to the same disastrous supply-side economics of the Bush years. Ironically, House Republicans have taken to demonizing Democratic programs they don’t like as “job-killers.” But in reality, Speaker Boehner (R-OH) and his sidekick, Majority Leader Eric Cantor (R-VA) wouldn’t know what successful job creation policies looked if they hit them in the face.
Former Speaker and current Minority Leader Nancy Pelosi (D-CA) remarked on the inconvenient truth, after the latest job numbers showed an encouraging decline in the unemployment rate from 9.8 percent to 9.4 percent. Pelosi pointed out that the 1.1 million jobs created under the Democratic Obama administration surpassed the anemic job growth of just 1 million jobs in eight-years under Bush’s failed supply-side economics.
Thing Progress writes:
“As the Wall Street Journal noted in the last month of Bush’s term, the former president had the “worst track record for job creation since the government began keeping records.” And job creation under Bush was anemic long before the recession began. Bush’s supply-side economics “fostered the weakest jobs and income growth in more than six decades,” along with “sluggish business investment and weak gross domestic product growth,” the Center for American Progress’ Joshua Picker explained. “On every major measurement” of income and employment, “the country lost ground during Bush’s two terms,” the National Journal’s Ron Brownstein observed, parsing Census data.”
Whether Republicans are really slow learners, or they are so ideologically driven that they are unable to step away from their disastrous right-wing ideology for one minute to deal with reality, doesn’t matter.
The result is the same: the rich get richer and the poor get poorer.
The chart below paints the stark results of the differences between Democratic and Republican economic policies.
Photo Source: George Bush, US Government, Public Domain.