September 22, 2014

Jobs Created During the Obama Administration

 

In Romney’s speeches around the country, he often states that Obama did not cause the recession, but he made it worse.
( See Fact Check ).   Romney was also quoted on Fox News saying:

“This is a president who lost more jobs during his tenure than any president since Hoover. This is 2 million jobs that he lost as President. “

Additionally, the Republicans love say how much government has grown under Obama’s leadership.

The above chart should dispute those statements.

As you can see, jobs were taking a free fall during the Bush years.  Then, once Obama took office in 2009, and once the 2009 stimulus became law, job loss declined over time, and make a turnaround in the Spring of 2010.  For the next 21 months, there has been a growth of 2.4 million jobs in the private sector.

Here’s one of Paul Krugman’s charts:

As Paul Krugman states:

Does this look to you like a president who “lost jobs”, or like a president who inherited an economy in free fall? You can accuse Obama of not doing enough to promote recovery — and I have (although the biggest villain here was Romney’s own party). But to claim that Obama caused the job loss is indefensible.

And what is interesting, is that the private sector has been growing, while the government has been shedding jobs due to cuts.  In fact, Obama wants to shrink government even further by merging 6 agencies that deal with trade and commerce.  The White House says 1,000 to 2,000 jobs would be cut through that merger, but the administration would do so through attrition.

Rachel Maddow says

Not only has Obama shrunk the size the government, but he has reduced it more than Republican hero Ronald Reagan ever did. In 2011, President Obama became the biggest tax cutter in American history. Obama has cut more taxes than any other president in American history. Obama’s move to reorganize and cut government overlap represents who this president really is, and how he governs.

 

So isn’t this interesting?   The Republican arguments just don’t work.  Government jobs are declining and private sector jobs are growing.  Obama’s stimulus plan did work.

We still have a long way to go before we get to pre-recession numbers.  It would be nice to see another stimulus plan go through, but with today’s congress, that doesn’t seem likely.

 

 

 

 

 

 

 

 


Personal opinions are my own and do not necessarily reflect those of all of the officers and members of Progressive Women of Colorado.

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