| | | For every job that the private sector created under George W. Bush, the private sector eliminated 17.3 jobs under Barack Obama.
Claiming Obama created more jobs than W did is nonsense.... And rat knows it.
Furthermore, if one includes President Bush’s entire record, it looks far better than President Obama’s record to date. Over President Bush’s entire presidency, the private sector created a net 188,000 jobs (not including January 2001 data). Surprisingly, this number includes the 3.78 million private sector jobs lost in 2008.
Change in Total Private Employment (in thousands), Source: U.S. Bureau of Labor Statistics
In contrast, under President Obama’s administration, the private sector lost a net 3.25 million private sector jobs.
The point of this argument is not to assess blame on either administration’s policy. It simply puts the left’s claims in perspective.
For every job that the private sector created under George W. Bush, the private sector eliminated 17.3 jobs under Barack Obama. While the private sector job outlook has certainly improved, the economy still must create 3.25 million private sector jobs to break even. Until then, it is disingenuous for the left to claim that President Obama’s economic policies are a resounding success.
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