Thursday, August 23, 2012

Obama Recovery Doesn't Even Measure Up To George Bush's

Never mind Stephanie Cutter's ludicrous claim that Obama has created more jobs than Ronald Reagan. Barack Obama hasn't even come close to George W. Bush's recovery.
Cutter counts the job gains from the low point of Obama’s term forward. The low point was February 2010 when U.S. nonfarm payrolls measured 129,244,00. In July, they measured 133,245,000 for a gain of 4.0 million jobs in 27 months

If you measure the Reagan recovery the same way, he created 8.0 million new jobs in 27 months.

And if you measure the Bush recovery the same way, the low point was in August 2003 when U.S. employment stood at 129,820,00. But 27 months later, the figure was 134,654,000 in November 2005 — a gain of 4.8 million jobs.

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