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Wednesday, July 20, 2011

G.W. Bush Vs Bill Clinton: Taxes & Job Growth (Clinton Wins With 23 Million!)

Bill Clinton Vs. G.W. Bush

Which Former President's Tax Agenda Created More U.S. Jobs?

Or Should I Ask If Tax Cuts For America's Wealthiest Citizens Creates Or Kills Jobs?

Let's See During Bill Clinton's (D) 8-Yr Reign He Raised Taxes On The Rich & Created 23 Million U.S. Jobs.

During George W. Bush's (R) 8-Yr Reign He Cut Taxes On The Rich & Let Them Send Jobs Overseas For Low Wages, Thus Wealthy People Grew Wealthier.

So How Many Jobs Were Created Under G.W. Bush's Administration?

Drumroll Please....

Just 3 Million!

Compare 3 Million Jobs To 23 Million Jobs!

GOP Loses The Tax Cut Debate!

Its Time For Shared Sacrifice From America's Wealthiest!

And Time For Some REAL Tax Reform!


Bush On Jobs: The Worst Track Record On Record

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton‘s administration and only slightly better than President George H.W. Bush did in his four years in office.

Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.

Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records.

President Jobs created Jobs at end of term Jobs at start of term
Payroll expansion Jobs created per year in office Population growth Percent change in population
George W. Bush 3.0 million 135.5 million 132.5 million 2.3% 375,000 22.0 million 7.7%

Bill Clinton 23.1 million 132.5 million 109.4 million 21.1% 2,900,000 25.2 million 8.9%

George H.W. Bush 2.5 million 109.4 million 106.9 million 2.3% 625,000 12.5 million 4.8%

Ronald Reagan 16.0 million 106.9 million 90.9 million 17.6% 2,000,000 17.3 million 7%

Jimmy Carter 10.5 million 90.9 million 80.4 million 13.1% 2,600,000 9.8 million 4.3%

Gerald Ford 1.8 million 80.4 million 78.6 million 2.3% 745,000 5.1 million 2.3%

Richard Nixon 9.4 million 78.6 million 69.2 million 13.6% 1,700,000 12.3 million 5.7%

Lyndon Johnson 11.9 million 69.2 million 57.3 million 20.8% 2,300,000 11.3 million 5.6%

John F. Kennedy 3.6 million 57.3 million 53.7 million 6.7% 1,200,000 8.2 million 4.3%

Dwight Eisenhower 3.5 million 53.7 million 50.2 million 7% 438,000 23.3 million 12.8%

Harry Truman 8.4 million 50.2 million 41.8 million 20.1% 1,100,000 N/A N/A

Sources: The Young Turks, Think Progress, Wall Street Journal, Youtube

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