Monday, October 22, 2012
Job Creation Under President Obama
Mitt Romney wants to re-institute the George W. Bush economic policies that produced the worst job creation numbers since Herbert Hoover, & the second deepest economic downturn since the Republican gifted Great Depression.
ARE WE BETTER OFF THAN 4 YEARS AGO?
7949 DOW close on Bush's last day in office
13,557 yesterday (Biggest 3.5 year gain -EVER-)
-800,000 jobs per month Bush's last month in office
For the 12 months between March 2011 and March 2012, the economy added 2.4 million jobs, or an average of 200,000 per month. (The greatest turnaround -EVER-)
-64%, my 401K under 8 years of Bush
+426%, my 401k under 3.5 years of President Obama
(Biggest turnaround in my 401K -EVER-)
Are we better off than 4 years ago. You betcha!
President Obama's Record Of Private Sector Job Creation Is 157,143 Per Month Since 4/2010, - better than any Republican President’s 1st Term Record -
Since President Obama's economic policies ended the George W. Bush gifted Great Recession, halted staggering monthly job losses that approached 800,000, and returned the nation to positive job growth in record time he has enjoyed a private sector job creation rate that exceeds the 1st term job creation record of ANY Republican President in history.
Below is a table which shows job creation by President for ALL terms served. Reagan's record in his first term in office was 109,000 per month. Reagan inherited stellar job creation from President Carter of 216,000 and by the end of his 1st term, cut it in nearly in half. President Obama inherited the deepest drop in job loss since the Great Depression and has since April of 2010 outperformed every Republican president 1st term record on job creation.
When examining the record of job creation we must look where President Obama started out to fully understand how far he has taken us as a nation down the road to recovery.