Bum of the year 6 years running.
jd50ae
Posts: 7,900 ✭✭✭✭✭
And the next 2 years.
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jd50ae
Posts: 7,900 ✭✭✭✭✭
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Hmm...let's see. Dubya came into office inheriting a small slowdown from Clinton. So, even if you took the first two months' figures out of the Bush's record (because, realistically, Jan-Feb employment figures should be credited to the predecessor, since a new president doesn't have everything in place to start new legislation). So, Bush shouldn't have to be pinged with Clinton's half percent drop, and Obama shouldn't have to be pinged with Bush's 2% drop (Jan 09 was the largest one-month drop of the entire decade).
So, what do we see? With one mild recession (2001-2002), and nearly five years of war-generated anemic growth, Bush's record of private sector job creation didn't even come CLOSE to Obama's--even when his uncontrolled war spending and Homeland Security privacy invasion and tax cuts for billionaires were turning Clinton's trillion dollar surplus into a hundreds of billions of dollars in deficits.
Yet, as much as people accuse Obama of expanding government, more government workers have lost their jobs in the Obama administration than in any other time in recent history. Compare this to Bush, whose runaway spending on defense and privacy invasion expanded the government to the largest size since FDR.
And, contrary to popular belief, the budget deficit has shrunk since Obama took office, to where it's now 6% of GDP (it was 9% when Obama took office). p