Posted on 06/22/2011 1:13:44 AM PDT by MrTim29
The recent spin out of Debbie Wasserman Schultz, the new Democratic National Committee (DNC) chairperson, is enough to make anyone get dizzy and vomit.
On June 15, POLITICO’s Chief White House Correspondent, Mike Allen, interviewed Schultz at Playbook Breakfast, an event series hosted by POLITICO. During this morning conversation about policy, politics and the news of the day, Schultz was posed a question, “At what point do Democrats take responsibility for the economy?”
The former Florida Congresswoman who, according to Project Vote Smart, has never held a private sector job said, “We are clearly responsible… the last year of the Bush presidency we lost 3.7 million jobs… we created a million jobs in the private sector in just the last six months, 2.1 million in the last 15 months… the manufacturing sector has had 15 straight month of growth, we rescued the American automobile industry and made sure Americans continued to have a choice about the kind of car they want to drive… If it were up to Republicans, particularly Republican candidates for President, they would’ve pushed the American car industry off a cliff and said good luck to you later… that’s 1.4 million jobs… Yeah, we own the economy.”
And then, of course, she had to throw in for good measure that we ought “not go back to the policies of the past, the Bush administration, that put us in this mess”
I found that the Democrats stating that they created 2.1 million jobs since Obama took office rather strange since the unemployment rate has dropped from 7.6 percent to 9.1 percent during that same period of time, so I had to look at this further.
Back in October 2010, Schultz stated that Obama was on pace to “have created more jobs in this year than in the entire Bush Presidency.” This was echoed by House Minority Leader Nancy Pelosi (D-CA) in January 2011 who stated adamantly that President Obama and the Democratic Congress have created “more jobs in 2010 than President Bush did over eight years.” When pressed, she clarified that she meant private-sector jobs only
The Bureau of Labor Statistics disagrees, unless, of course, the DNC Chairperson and House Minority Leader are cherry picking their information and comparing apples to oranges. Here is an accurate accounting, or as Bill O’Reilly says, a “No Spin” look at the private sector job creation by Bush in his eight years as President and Obama in his first twenty-nine months as President:
According to the Bureau of Labor Statistics, the economy shed almost 4.2 million private-sector jobs during the first year of the Obama. Schultz and Pelosi omit this fact and want the naïve voter to only hear the sound bites, “the Bush presidency lost 3.7 million jobs” and “we created 2.1 million private sector jobs in the last 15 months,” and, of course the old favorite, “we can’t afford to go back to the policies of the Bush administration.”
Here are the cold hard facts:
The fact is that during the Obama administration’s first 28 months, there was a net loss of 2.5 million jobs because the workforce population grew by 4.8 million people.
The fact is that Bush only created 188,000 private sector jobs in eight years, but that he was saddled with a tech bubble bursting in 2000-2001 leading to a recession, the 9/11 attacks at the end of 2001, and the housing bubble bursting in 2007-2008, leading to the recession all through 2008.
The fact is that the Republican controlled Congress between 1994 and 2005 gained about 18.5 million private sector jobs.
The fact is that Democrats controlled Congress from 2006 through 2011, lost approximately 5 million private sector jobs.
The fact is that comparing Bush’s best job growth period with Obama’s best job growth period, Bush bests Obama by approximately 6 million private sector jobs.
The fact is that the average unemployment rate under Bush was 5.2 percent.
The fact is that the average unemployment rate under Obama is 9.4 percent.
These are the indisputable no spin facts… like them or not.
Aside from all the spin the DNC is giving to the Democrats use as ammo against the Republicans lately, the do have one fact correct. Democrats claim they own the current economy… they absolutely do.
Democrats own a 9.1 percent unemployment rate.
Democrats own a 16 percent unemployment rate for African Americans.
Democrats own the fact that the average unemployed person has been out of work for 39.7 weeks.
Democrats own inflation, which just hit a 2-1/2 year high
Democrats own the rising core inflation (up 1.5 percent versus the expected 1.4 percent in May)
Democrats own the weakening of the average hourly earnings (when adjusted for inflation earnings have dropped to 1.2 percent)
Democrats own the rising food costs
Democrats own rising gasoline and energy costs
Democrats own the weak dollar (dropping over 6.5 percent in value in 2011)
Democrats own the 32nd straight month the federal government has been in the red
Democrats own a housing crisis that is now worse than the Great Depression
Democrats own the $14 trillion in debt ($1 trillion in just the last 7 months)
Democrats own the possibility of a debt downgrade
Democrats own the misery index… now at a 28 year high.
Democrats own the stagflation that has just arrived
Yes, Debbie Schultz and Nancy Pelosi are right, the Democrats are clearly responsible and they own this economy. Please, let’s not forget that in 2012.
The former Florida Congresswoman who, according to Project Vote Smart, has never held a private sector job...
I’m glad they do. When it crashes (and it will)...they can eat it.
http://www.youtube.com/watch?v=zaYb389Y7OQ
Time to vet all the candidates and put our full support behind the best Conservative candidate to face Schultz in 2012!
I loathe that witch.
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