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The stimulus also had an income tax cut of $400 for individuals and $800 for couples.
The GM/Chrysler takeover was a huge success.
TARP may turn a profit.
It's time to fight M$M spin and GOP lies with a reality check...
Reality Check: More Jobs Created under Obama than Bush (chart)
The latest jobs report was released on Friday and makes clear what most of us already knew: the economy is on a slower path to recovery than most anticipated or expected. In spite of this reality, most people are still overlooking the truth: more private sector jobs have been created just this year than during the entire eight years of the Bush administration.
While the facts provide no comfort for those of us who are suffering, it is a reminder that we shouldn’t allow the teabaggers and Republicans to continue in distorting the truth and placing blame on the shoulders of the Obama administration. As much as they hate to hear it: the Democrats have been struggling to correct the mess left from eight years of Republican leadership.
Recovery will take time due to the overwhelming economic mess left by the Bush/Cheney administration, but we’re on the right track. A return to Republican leadership in Congress will only cause more gridlock and reverse the trend towards a solid economic recovery...
Link
The stimulus also had an income tax cut of $400 for individuals and $800 for couples.
The GM/Chrysler takeover was a huge success.
TARP may turn a profit.
<sniff><sniff>
I smell bull .
MSM would be ALL OVER THIS IN 24-7 news cycle.
It's your data-oriented, evidence-based thinking that stinks.
Great story, and yet, HuffPo leads with this today:
RUINING CHRISTMAS
1.2 Million Will Lose Jobless Benefits By Year's End Unless Congress Acts
Great, thank, Dan.
If the Private Sector has done so well under Obama, Govt. must have shrunk dramatically for the unemployment rate to be near 10%. Tea Partiers rejoice!
I expect the Repugs to block both the extension of unemployment benefits, while screaming that tax cuts for the super-wealthy be extended, and made permanent.
Neither has anything to do with the stimulus' success in creating and protecting jobs.
boutons likes tax cuts, corporate welfare and giving money to banks. Who'dda thunk it?
I said nothing about liking tax cuts, liking corporate welfare, or liking bailing out the banks.
Just the facts to refudiate the right-wingers' lies about MN's success.
TARP was a Repug program (McLiar would have continued it, too), saving Chrysler/GM jobs and suppliers was critical, the tax cuts were unnecessary, and you guys hate them because they are MN's tax cuts.
lulz
Actually, he's pretty much right about TARP. Bush didn't lose any money with it and its likely to actually turn a profit.
more private sector jobs have been created just this year than during the entire eight years of the Bush administration.
Look at your chart dumbass. Left side says Bush administration. right side says Obama Administration.
Bush was President for 8 years, Obama has been President for 20 months. Wheres the other 7 years?
Heres an '04 to '09 chart. Sure looks like more jobs created on the left side.
Only if you don't count the $2 trillion in Fed loans, the likely $200-300 billion more that Fannie and Freddie will cost us, or the legal liability of banks for misleading investors about the safety of MBSs. In the totality, the bailout is a big loser, even if the TARP per se turns a profit.
I think that y'all are probably arguing past each other. I think (meaning I could be wrong) that each graph is absolutely correct in its representation, it is each persons analysis of what the graph represents that is wrong. It looks like one is talking about private sector job creation, and the other is talking about lost jobs. Each side, however, seems to be arguing that their graph represents net job change for the periods shown.
This was his claim:
It was an outright, provable and verifiable lie.More Jobs Created Already under Obama than 8 years under Bush
The chart he used didn't show the first seven years of economic/job growth.
I'm not normally a Bush defender but that article and claim was total bull .
This is the correct analysis. The problem, as you point out, is the difference between private sector jobs and total job loss or gain. People forget that the economy had been losing jobs (net) for a couple of years before the election. Part of the problem, I think, is that the chart is virtually impossible to read in its small print indicating time lines.
This looks to be the best representation for what I was assuming was the argument. At least we made it up to 0 with an enormous slope. Hopefully we can continue the trend.
what is the grey for?
Do you notice, CC, that the decline starts about mid-2006 and continues its steady decline through January of 2009, when Bush left office?
It also continues after that, but that doesn't mean that private-sector jobs were not lost in massive amounts during the last 2 years of the Bush Administration.
I just said TARP, WH.
The bush adminisatration lost jobs during 2001 and again during the last two years. Your own chart shows job growth occurring since Obama took office. It is still not positive, but look where it started.
C'mon, CC.
Doesn't this just prove the effects of the bubble?
Of course I noticed that.
You could also say that the job loss coincided with the democrats gaining controll of both houses of Congress.
Like I said, I'm not a big Bush defender but I couldn't let that one pass. His claim wasn't about jobs lost, it was about jobs created.
The economy is cyclical and job creation goes up and down. The undeniable fact is that more jobs were created during the early "good time" years of the Bush administration (even if they were lost later) than have been created in the last 20 months.
Having said all of this, Dan, doesn't it fall to the Dems to take the blame for failing to communicate this effectively?It's time to fight M$M spin and GOP lies with a reality check...
Reality Check: More Jobs Created under Obama than Bush (chart)
Recovery will take time due to the overwhelming economic mess left by the Bush/Cheney administration, but we’re on the right track. A return to Republican leadership in Congress will only cause more gridlock and reverse the trend towards a solid economic recovery...
Link
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