9 of the last 10 recessions occurred under Republican economic policy, including todays George W. Bush’s “Great Recession,” the deepest economic downturn since Hoover’s “Great Depression” of 1929. President Obama has not only halted the staggering job loss of over 780,000 per month he inherited from George W. Bush but President Obama’s “Bubble Up Economic” policies has reached positive increase in monthly job creation with unmatched speed.
The economic pain being felt today is a result of the depth of the hole that was dug by the Republican “Trickle Down” policies of the Republican Party. The nation suffered a loss of 8.4 million, or 7% of all jobs, in George W. Bush’s “Great Recession.” This compares with a loss of 3.1% of all jobs lost during George W. Bush’s first recession of March–November of 2001, and 1.9% of all jobs lost during George H.W. Bush’s recession of July 1990-March of 1991. -The deeper the hole, the longer the climb out of it- If Americans wish to avoid the pain of recovery from recession, we need to quit electing the people digging the holes.