R i g h t a r d i a: IBT: Which party creates more jobs?

Saturday, August 13, 2011

IBT: Which party creates more jobs?

During the last 40 years Democratic presidents created 73.22 million jobs or 1.83 million per year.

The Democratic total and averages are 71.57 million jobs and 1.647 million per year, respectively, if you include the current, partial term for President Barack Obama.

Meanwhile, during 36 years Republican presidents created 34.78 million jobs or 966,388 per year which is less than half of what the Democratic presidential performance.

The biggest job creator? President Bill Clinton -- who created a staggering 22.74 million jobs during the "Roaring 90s," good for an average of 2.84 million jobs per year.

Listed below are presidential job statistics based on U.S. Non-Farm Payroll data collected by the U.S. Department

Franklin D. Roosevelt, D-N.Y., 1933-45
+15.69 million (estimated total)

Harry Truman, D-Mo., 1945-53
+8.70 million jobs

Dwight Eisenhower, R-Kan., 1953-61
+3.54 million jobs

John F. Kennedy, D-Mass.,1961-63

+3.57 million jobs

Lyndon Johnson, D-Texas,1963-69
+12.18 million jobs

Richard Nixon, R-Calif., 1969-74
+9.18 million jobs

Gerald Ford, R-Mich., 1974-77
Partial term: +2.07 million jobs

Jimmy Carter, D-Ga., 1977-81
+10.34 million jobs

Ronald Reagan, R-Calif., 1981-89
+16.10 million jobs

George H.W. Bush, R-Texas, 1989-1993
+2.59 million jobs

Bill Clinton, D-Ark., 1993-2001
+22.74 million jobs

George W. Bush, R-Texas, 2001-2009
First term: +7,000 jobs
Second term: +1.3 million jobs
+1.31 million jobs

Barack Obama, D-Ill., 2009-Present
Partial term: -1.647 million jobs lost

What is surprising is that the Democrats didn't go after Bush's dismal job creation record the first term. Bush rarely talked about job creation. he talked about worker productivity which, of course, implies downsizing and off-shoring.

In August, Speaker of the House John Boehner said:

Right now, America’s employers are afraid to invest in an economy … hamstrung by uncertainty. The prospect of higher taxes, stricter rules, and more regulations has employers sitting on their hands.” Stated more formally, the Speaker’s argument, which I have dubbed the Boehner uncertainty principle, holds that government efforts to increase regulation lead small business to delay investment and hiring until the new regulation’s impact is well understood.

The GOP runs the government like a god ol' boy. system. If one of their "constituents" breaks labor or environmental laws, they look the other way. After Bush was elected president, anti-trust litigation against Microsoft was dropped. Intel had been paying off retailers for years in the US not to run ads for rival products that used AMD chipsets.

The European union did not let off Intel so lightly and hit it with a US$750 million fine. After 12 years of GOP rule in Florida, governor Rick Scott wants to make Florida "more business friendly."

"Business friendly" is Republican speak for wink and look the other way.

Rightrdia pointed out that a business success has more to do with building a customer base than tax cuts.

The US already has one of the lowest tax rates in the industrial counties of the world. Deregulation and tax cuts will not pull this country out of the economic hole that GW Bush created during his last term.

Sources:

http://www.ibtimes.com/articles/197170/20110812/jobs-job-creation-job-growth-unemployment-unemployment-rate-lay-offs-economy-presidents.htm

http://www.american.com/archive/2011/february/the-boehner-uncertainty-principle