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Politics : PRESIDENT GEORGE W. BUSH

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From: DuckTapeSunroof11/21/2010 5:54:46 AM
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Precisely zero jobs were created (net) in the decade from 2000-2009.

Zero.

This, despite the Bush administration creating the single biggest bureaucracy in world history, in the Department of Homeland Security and the Transportation Security Administration!

Job growth by year
2000 (Clinton) 1.4 million jobs added
2001 (Bush) (recession) -1.7 million jobs
2002 (first year of tax cuts) -500,000 jobs
2003 87,000 jobs added
2004 2.0 million jobs added
2005 2.4 million jobs added (finally, Bush has added jobs to the economy...in his SECOND term)
2006 2.0 million jobs added (tax cuts fully effective)
2007 1.0 million jobs added (whoops!)
2008 -3.6 million jobs (!)
2009 (final year of Bush budgets) -4.7 million

Factor out the Clinton administration, and Bush is responsible for a net job loss of 2.8 million jobs.

The unemployment rate picture isn't much prettier:

2000 4.0%
2001 4.7%
2002 5.8%
2003 6.0%
2004 5.5%
2005 5.1%
2006 4.6%
2007 4.6%
2008 5.8%
2009 9.3%

In no year did Bush's unemployment rate dip below the final, recession year of Bill Clinton.
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