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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (671874)	9/6/2012 2:48:16 AM
From: i-node	Read Replies (1) \| Respond to of 1578655

One of the most surprising statistics of the night came from former President Bill Clinton. Since 1961, he said, 24 million private-sector jobs were added during the 28 years that Republicans held the White House. But when Democrats were president, that figure almost doubled — 42 million private-sector jobs created over 24 years. That claim appears to be true; it is backed up by a recent Bloomberg News analysis and federal labor statistics. It isn't surprising in the least; these figures have been out there for a while. Over half of those gains came in Clinton's two terms, and were fueled by a natural recovery from the recession that began under Bush 41, followed by the capital gains tax cut in 1997 and the ensuing tech boom. This is a fact not lost on Clinton, I might add. And most of the gains for Republicans came under Reagan. It is the same old shit Democrats (and to a lesser extent, Republicans) try to do with some frequency -- which is to ignore the fact that the effects of presidencies don't just start and stop on Inauguration dates. For example, Bush 43 inherited a recession from Clinton, but Democrats never want to be charged with that; but at the same time they want to blame Bush 41 for the 2007/2008 recession even though Clinton and the Democrats were proximate causes of it. It is shallow and analytically weak. There is NO TELLING how many jobs have been cost by FDR's Social Security and Unemployment Taxes in Republican administrations over the years. Any legitimate analysis would have to consider these jobs, and the dynamic effects thereof. Simpletons tend to look at things simplistically.