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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (53667)	6/9/2014 1:47:55 AM
From: Sdgla	2 Recommendations Recommended By Hawkmoon joseffy Respond to of 86356

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. reflectionsofarationalrepublican.com

To: Hawkmoon who wrote (53667)	6/9/2014 9:06:47 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 86356

"Does that mean that Obama has ALSO created the conditions where 1 in 3 Americans are receiving gov't assistance?" Did he cause this? (A very prescient article from one month after the recession started). Bush tanked the U.S. economy BONNIE ERB, Seattle Post-Intelligencer By BONNIE ERBE, GUEST COLUMNIST Published 10:00 pm, Saturday, January 12, 2008 Wall Street giant and billion-dollar bank Merrill Lynch announced last week that the United States had entered a recession for the first time in 16 years. It was a controversial call denied by a chorus of economists who do not think we're there yet. But the announcement comes from the bank's chief American economist, David Rosenberg -- widely respected on Wall Street. The largest factor driving this country's economy into recession has been the Bush administration's profligate spending. Please read the following quote from the conservative/libertarian think tank Cato Institute's Web site: "George Bush is mired in a fiscal policy crisis worse than anyone could have envisioned when he entered the Oval Office ... This crisis is the resurgence of record federal deficits ... The deterioration of America's fiscal health cannot be blamed on ... pro-spending coalitions in the Democrat-controlled Congress -- although certainly some of the blame lies there. It is almost exclusively the creation of the Bush administration itself." Sound familiar? The article, which I edited heavily (taking out references that would have dated it immediately, such as the use of the term "Reaganomics"), is about George H.W. Bush, not George W. But it might as well have been about the son. seattlepi.com Tuesday, Mar 18, 2008 04:45 AM PDT The crash in Republican economics Not even George W. Bush or Alan Greenspan can sugarcoat America's financial meltdown. Will the next president seize the chance to rethink how we run our economy? Consider the following extraordinary commentary: Alan Greenspan saying, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the second world war.” Former Reagan economic advisor Martin Feldstein saying, “Could this become the worst recession we have seen in the postwar period? I think the answer is yes.” Paul Krugman writing that the current situation “looks increasingly like one of history’s great financial crises.” salon.com