"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Tuesday, September 13, 2011

Re-Election and Job Creation

Ace of Spades has a post up about the media's "fact-checking" of comments in last night's debate by GOP Presidential candidates.   One item had to do with the Associated Press claiming that there was "no support" for Rick Perry's suggestion that Obama's earlier stimulus program had "created zero jobs."   Ace notes that, in fact, "there is plenty of support for this assertion: Fewer Americans are employed today than when Obama took office in 2009."

This is why the mainstream media is dying.   Average people -- like me, the Regular Guy -- can go directly to the Bureau of Labor Statistics and do our own analysis and fact-checking.   Here's what I found:

  • In his first term, from January 1981 through November 1984, Reagan "created" more than 6,000,000 new jobs.   He was reelected in a landslide.

  • In his first term, from January 1989 through November 1992, George Herbert Walker Bush "created" only 2,168,000 jobs.   He was defeated for re-election.

  • In his first term, from January 1993 through November 1996, Bill Clinton "created" a wopping 8,696,000 new jobs.   He too, like Reagan, won re-election in landslide.

  • In his first term, from January 2001 through November 2004, George W. Bush "created" only 1,954,000 new jobs, but he was dealing with the consequences of 9/11 and the Iraq War, and he had put into place policies that would enable the economy to add more than 5,000,000 new jobs in his second term, so he narrowly won re-election.

But, in his first term, from January 2009 through August 2011 so far, Barack Obama has (what's the opposite of "created") "destroyed" 2,574,000 jobs according to the BLS, with the employment level in America decreasing from 142,201,000 to 139,627,000.   Even to have a jobs record as good as the worst President of the past thirty years (on employment anyway), George W. Bush, he would have to "create" something on the order of 4.6 million jobs over the next 14 months, or around 330,000 jobs a month, every month, which would be a rip-roaring, Reaganesque recovery.   But, unlike Reagan or Clinton or even Bush, Obama's policies are a substantial drag on job-creation.

If Americans re-elect a President with this historically bad of a record on jobs, we deserve a Mark Steyn-size helping of doom. 

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