ONTD Political

Obama made jobs and isn't working towards terroristic economic crashes of America? INCONCEIVABLE

6:36 pm - 11/24/2010

It’s Official: More Private Sector Jobs Created In 2010 Than During Entire Bush Years

By Ole Ole Olson

NEWS JUNKIE POST

October 8, 2010
 


The September jobs report was just released and demonstrates that America is on a far slower path to recovery than anyone originally predicted. Despite this, the shedding of government jobs cloaks a glimmer of hope: more private sector jobs have been created this year than during the entire Bush administration. Read that again: 2010 has had more private job creation than during the entire 8 year tenure of George W. Bush.

This is the 9th straight month of private sector job growth in the midst of a devastating recession that has put a serious strain mostly on the poor and middle class. There has been a total of 863,000 private sector jobs created in 2010, exceeding the total created under the Bush/Cheney regime.

The numbers are not all good however. Companies added 64,000 jobs last month, but after the loss of 159,000 government jobs at all levels, there was a net shedding of ~95,000. The fading influence of the American Recovery and Reinvestment Act (ARRA or the economic stimulus) is causing much of the strain on the job market, as state and local governments still strained by poor revenue are cutting positions, particularly in education.

This is also the central agent that has caused the overall net job loss for the last four months, following a net gain for the first 5 months of the year. The net jobs gained during 2010 stands at 613,000, which is over half of the 1,080,000 jobs were created during the entire time George W. Bush was in office.

2010 Total Jobs Gained or Lost
January 14,000
February 39,000
March 208,000
April 313,000
May 432,000
June -175,000
July -66,000
August -57,000
September -95,000

After modest gains in January and February, March was the month with the greatest job gains in 3 years (since March 2007), and April 2010 was the biggest monthly job gain in 4 years (since March 2006). Beyond this, the increase in jobs from March to April is counter to the jobs trends of the last 10 years, where according to the average, March has gained 61,000 jobs and April only 32,000. The huge gain of 432,000 jobs in May 2010 is the largest net gain of jobs since March 2000 when Bill Clinton was president.

A commonly cited article by conservative pundits to soften the blow on this data is a Wall Street Journal piece titled, Bush On Jobs: The Worst Track Record On Record, which inaccurately states that Bush created 3 million jobs. The actual figure is 1.08 million (all jobs added minus jobs lost), but the conservative leaning WSJ has yet to issue a retraction, correction, or clarification.

In the chart below found on the Bureau of Labor Statistics, find the monthly statistics of total jobs created or lost since January 2000.

Read the rest (and see many more charts!) at the source

Kind of old, hopefully it hasn't already been posted.

rex_dart 25th-Nov-2010 06:22 am (UTC)
You pretty much have to FORCE people to believe Obama does anything, quite frankly.

But you can't force brucenstein. HE SEES THROUGH EVERY LIE.
kitschaster 25th-Nov-2010 06:43 am (UTC)
He sees into my soul. *reads upwards* Oh. Ahhh. Not giving credit where credit is due. Haters gon hate.
brucenstein 25th-Nov-2010 07:27 am (UTC)
Questioning the attribution is not hating. There are many questions here I guarantee no one can answer.

1: Considering economic policies have a pretty significant lag time, why isn't this attributed to the policies before Obama?

2: Why is this a success of "Obama" and not, say, the Fed? Obama has control over fiscal policy, and little influence over monetary policy.

3: Why isn't this attributable to the congress? Why is this "Obama's success" and not Pelosi's?

4: Why are we assuming this is not merely reflective of the natural bottoming of a recession?

Also notice the comparison: the creation of a single subset of a general set of jobs. Net job creation for the month is still negative, and has been for some time. Wait... can we attribute that to Obama as well? That he's been destroying jobs? In fact, if you look at it, the beginning months had job creation but the last few didn't. If we take lag times into account and continue to attribute arbitrarily... OMG! IT WAS BUSH'S POLICIES THAT CREATED JOBS AND OBAMA'S ARE KILLING THEM!

Do you see the problem inherent in correlation = causation? I understand it's much easier, and much more superficially satisfying to look at pretty [irrelevant] graphs and go, "Yay my guy!" but that is in no way honest.
kitschaster 25th-Nov-2010 09:42 am (UTC)
Because Obama represents what happens within his presidency and his administration. With the help of the other checks and balances within our system, plus the voters. All of these things get attributed to the president himself, because he's the face of his administration and what goes on within it. If Congress were to pass a bill that upset people, it would be attributed to Obama, like the healthcare bill. They call it Obamacare, but it was passed through the House and the Senate. Many people made it possible, but the president gets the heat (or the applause, whichever).

This is why things get attributed to the president during that time period. There are things people in Congress want, and there are things the President wants, and things people want to pass through the Judiciary, but if some sort of anti-abortion bill passed, barring women from abortions, Obama would see the first finger pointed at him. He takes the bad with the good, really. When the people don't know who to blame for things like a bad economy, the President, backed by Congress, can take steps to change this. For example, the bailout that Bush Jr. gave out when the banks and the car industry went pop. Not to mention the regulations on the banks as well. Everybody attributes it to Bush (some people who don't like timelines attribute it to Obama). It's just the way it works. Did it work? It's taken a very long time to see, but some things that happen during an administration, see results in another. I see your point, but I don't think it is the end all, be all of points. Some things happen immediately, and some things take time. The economy is just one of those things that take time, and frankly.

I do hope you're trying to discuss this, and not start yet another argument, because I'm in too much pain to argue about this. And I'm playing vidya games. Don't have time for online crabbiness.
kitschaster 25th-Nov-2010 09:42 am (UTC)
-and frankly
brucenstein 26th-Nov-2010 01:31 am (UTC)
So the reason people are saying this is due to Obama is because we arbitrarily attribute all things to the president? I think that's just about the most honest answer there is - thank you.
silver_sandals 25th-Nov-2010 04:44 pm (UTC)
No, no, you make perfect sense, I think it's just that we're tired of the "EVERYTHING IS HORRIBLE AND IT'S OBAMA'S FAULT" thing, so it's like, look, not everything is horrible! It's one less thing to blame him for. I think. I am probably not very coherent here.
nova_42 25th-Nov-2010 06:07 pm (UTC)
brucenstein 26th-Nov-2010 01:46 am (UTC)
You could have just said, "I have no answers."

How are questions bullshit - are you saying none of the above are legitimate? Why or why not?

Do you often find yourself enraged when people say things you don't understand?
nova_42 26th-Nov-2010 02:00 am (UTC)
lol, you have got to be one of the best trollers i've ever encountered. very entertaining. and yes your questions are bullshit, they are not legitimate at all. You've basically just wasted your time and everyone else's by commenting.You could probably find answers to your own questions by getting your news somewhere outside the realm of FAUX news. later douche-nozzle :)
notgarystu 25th-Nov-2010 06:51 am (UTC)
He's here to turn this community onto the straight and narrow, LIKE JESUS.
brucenstein 25th-Nov-2010 07:27 am (UTC)
Sorry, you guys are beyond hope.

I hope you curr about this comment. I really, really, really hope you curr about this one. I made it just for you.
notgarystu 26th-Nov-2010 12:08 am (UTC)
Awwwwwwwwwwwwwwwwww.

no1curr
nova_42 25th-Nov-2010 06:08 pm (UTC)
love that icon
brucenstein 25th-Nov-2010 07:19 am (UTC)
I hope you know it brings incredibly joy to my cold, black heart to know people care so much as to go and bitch elsewhere after I deflate their last-comment-standing routine. So much joy.

I want to thank you for everything you do.
brucenstein 25th-Nov-2010 07:28 am (UTC)
I just came a little.
thecityofdis 26th-Nov-2010 03:41 pm (UTC)
But deleting that comment would be a form of censorship!
rex_dart 25th-Nov-2010 05:23 pm (UTC)
If "in the same post you're waving your dick around in" is your idea of elsewhere, I imagine the journey from your bedroom the the kitchen every morning is always an exciting adventure.
brucenstein 26th-Nov-2010 01:32 am (UTC)
You have NO idea.
thecityofdis 26th-Nov-2010 03:42 pm (UTC)
/thread
blinkidybah 25th-Nov-2010 06:26 pm (UTC)
Totally unrelated but OH MAN INTERSTELLA COSPLAY
rex_dart 25th-Nov-2010 06:29 pm (UTC)
You have no idea the joy it brings me when someone recognizes what it is. <3
This page was loaded Sep 21st 2014, 2:13 am GMT.