Re: "You said Bush had the worst performance for job growth... where is that documented?"
NO PROBLEM, GZ.
The official evidence of that is everywhere you turn. The Department of Labor has free downloads of the spreadsheets (or database format) if you are so inclined, but really the evidence is everywhere you would want to look now:
"...the job growth ...in Bush's first term was the worst since at least 1941. Taking both of Bush's terms together, the average monthly growth in household survey, non-farm, and private employment were 45.0, 22.0, and 4.2 thousand, respectively. The household survey numbers are the worst since Eisenhower and the nonfarm and private employment numbers are the worst since at least 1941."
Job Growth Under Bush and Prior Presidents
econdataus.com
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CHART OF THE DAY: It's Official: Obama Is Creaming Bush When It Comes To Jobs
businessinsider.com
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Bush bragging on historically weak job growth
Jared Bernstein
October 5, 2007
[HINT: Things only got *worse* for Bush's record on jobs after the date of this particular chart - Oct. 2007. The Great Recession had ONLY JUST BEGUN at that point in time! :-(
epi.org
...The current cycle is an obvious laggard, with job growth up far less than the others. Payrolls were only 4.3% higher in September 2007 than in March 2001, due both to the long jobless recovery that lasted through August 2003, and the subsequent low growth rate of jobs compared to past cycles.1
By month 78, the other three cycles posted growth rates of at least 10% (compared to the current 4.3%).
Note also that the White House and other partisans often ignore the economists’ convention of measuring job growth over the business cycle (to control for macroeconomic conditions) and have instead started counting from the end of the jobless recovery, in August 2003, or month 29 of the cycle.
Even by this cherry-picked method, however, the weakness in the current cycle is apparent. Figure B shows the growth in jobs over the same four cycles in Figure A, but this time using only months 29-78, the equivalent of August 2003-September 2007 in the current case. Here again, the weakness of the current cycle is evident.....
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Bush created the least jobs of any president since Hoover during the Great Depression.
pensitoreview.com
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During the Great Recession:
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George W. Bush
43rd President of the United States
In office
January 20, 2001 – January 20, 2009
Vice President Dick Cheney
Preceded by Bill Clinton
Succeeded by Barack Obama
Under the Bush Administration, real GDP grew at an average annual rate of 2.5%,[93] considerably below the average for business cycles from 1949 to 2000.[94][95] Bush entered office with the Dow Jones Industrial Average at 10,587, and the average peaked in October 2007 at over 14,000. When Bush left office, the average was at 7,949, one of the lowest levels of his presidency.[96] Unemployment originally rose from 4.2% in January 2001 to 6.3% in June 2003, but subsequently dropped to 4.5% as of July 2007.[97] Adjusted for inflation, median household income dropped by $1,175 between 2000 and 2007,[98] while Professor Ken Homa of Georgetown University has noted that "after-tax median household income increased by 2%"[99] The poverty rate increased from 11.3% in 2000 to 12.3% in 2006 after peaking at 12.7% in 2004.[100] By October 2008, due to increases in domestic and foreign spending,[101] the national debt had risen to $11.3 trillion,[102][103] an increase of over 100% from the start of the year 2000 when the debt was $5.6 trillion.[104][105] By the end of Bush's presidency, unemployment climbed to 7.2%.[106]....
In December 2007, the United States entered the longest post-World War II recession,[15] which included a housing market correction, a subprime mortgage crisis, soaring oil prices, and a declining dollar value.[108].... Many economists and world governments determined that the situation became the worst financial crisis since the Great Depression.[116][117]....
...In November 2008, over 500,000 jobs were lost, which marked the largest loss of jobs in the United States in 34 years.[120] The Bureau of Labor Statistics reported that in the last four months of 2008, 1.9 million jobs were lost.[121] By the end of 2008, the U.S. had lost a total of 2.6 million jobs.[122]....
Etc., etc., etc.....
... Bush's approval rating went below the 50% mark in AP-Ipsos polling in December 2004.[296] Thereafter, his approval ratings and approval of his handling of domestic and foreign policy issues steadily dropped:
...By April 2008, Bush's disapproval ratings were the highest ever recorded in the 70-year history of the Gallup poll for any president, with 69% of those polled disapproving of the job Bush was doing as president and 28% approving.[304] In September 2008, in polls performed by various agencies, Bush's approval rating ranged from 19%—the lowest ever[305]—to 34%.[20][306] and his disapproval rating stood at 69%.[18][19][20][21][307] Bush left the White House as one of the most unpopular American presidents, second in unpopularity only to Richard Nixon.[308][309]....
en.wikipedia.org |
