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To: Red in Blue PA
I recall Nancy Pelosi asking "Where are the jobs, Mr. President?" when Bush was in office.

The economy has lost nearly 3 million jobs under President Bush -- the first President to lose jobs since Herbert Hoover. Clearly, it is time for President Bush to get serious about creating jobs.

"For American workers, the real proof of an improving economy is whether they, their family, and their neighbors can find jobs, afford health care and achieve financial security. Democrats have a plan that would create more than one million jobs without adding one penny to the deficit.

"The President and Congress must act now to ensure that economic growth continues and that jobs are created for the nine million people still looking for work. We should pass the bipartisan manufacturing bill that creates jobs here at home, not overseas. We should expand the child tax credit for working families and extend unemployment benefits. And, we should pass a highway bill that creates jobs." January 2004

http://www.house.gov/pelosi/press/releases/Jan04/BushJobs010904.html

During the entire Bush administration, which I define as February 2001 though January 2009, the economy added a net of 1 million jobs. In the first six months of 2010, the economy added 882,000 jobs, and so she's assuming it will surpass the Bush mark by the end of August.

However, her claim falters on several levels. First, we don't have actual jobs data through August. Second, a lot of the job gains during the first half of this year were temporary Census jobs.

Finally, by starting her analysis this year, she ignores the nearly 4 million jobs that were lost from February 2009 through December 2009. Pelosi would probably argue that Obama inherited a mess from Bush, so 2009 numbers shouldn't count. But Bush inherited a slowing economy, too. There were 1.7 million job losses in 2001. Thus, if we were to give Bush the same pass for job losses during his first year in office, then the economy would have added 2.7 million jobs in his final 7 years -- far more than Obama could hope to add in the next few months.

http://spectator.org/blog/2010/07/24/pelosi-distorts-jobs-data-at-n

67 posted on 08/19/2010 6:09:11 AM PDT by Darkwolf377 (Forget it, Jake. It's Chinatown. -- written by Robert Towne)
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To: Darkwolf377
Thus, if we were to give Bush the same pass for job losses during his first year in office, then the economy would have added 2.7 million jobs in his final 7 years -- far more than Obama could hope to add in the next few months.

But only RATS get "Economic Mulligans"...

214 posted on 08/19/2010 2:08:01 PM PDT by SteamShovel (UTOPIA...Isn't)
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