Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: Wharf Rat who wrote (47048)	11/7/2005 12:46:46 PM
From: JakeStraw	Read Replies (1) of 93284

The Democrats are fond of saying more new jobs were created under Mr. Clinton than under Mr. Reagan. They are right by a small margin if you take the absolute number of jobs from the January each president took office until the January they left office. But as every economist knows, jobs lag changes in economic policy and the business cycle by a year or more. Correcting the number for the lag shows that under Mr. Reagan's policies 19.4 million new jobs were created and under Mr. Clinton only 13.7 million new jobs were created. The difference becomes even starker when one adjusts for the bigger U.S. population under Mr. Clinton. Even the unadjusted data show a bigger percent increase in new jobs under Mr. Reagan. The properly adjusted data show a 19.4 percent increase in new jobs under Mr. Reagan, and only a 7.3 percent increase under Mr. Clinton (less than population growth). The federal tax burden as a percent of gross domestic product (GDP) fell by more than 8 percent under Mr. Reagan, while it increased by 15 percent under Mr. Clinton, leaving us less free and less prosperous.

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