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Where Were the Jobs?

January 10, 2011

Even as the powerless new Minority Leader, Nancy Pelosi sure knows how to make Republicans crazy – by stating verifiable facts.  Here is a quote From her January 7, 2011 press release:

“Today’s jobs report provides evidence that the policies of the Democratic-led Congress are helping to create jobs and revitalize our economy – adding more jobs in 2010 than President Bush did over eight years. With so many Americans still looking for work, now is not the time to reverse course.”


Of course Republicans were outraged!  Of course there’s no way that can be true!

Well, let’s review those troublesome things known as “facts.”  From the Bureau of Labor Statistics:

Total nonfarm payroll employment increased by 103,000 in December. Employment rose in leisure and hospitality and in health care but changed little in other major industries. Since December 2009,  total payroll employment has increased by 1.1 million, or an average of 94,000 per month. (See table B-1.)

OK – that gives us a starting point.  Surely things were better during the Bush Administration.  Right?

Not really.

From February 2001, Bush’s first full month in office, through January 2009, his last, total U.S. nonfarm employment grew from 132.5 million to 133.5 million, according to the Bureau of Labor Statistics. That’s an increase, obviously, of just 1.0 million.


As some of us realize, 1.1 million is greater than 1.0 million.  It looks like Pelosi is right!

Here is an excellent graphic about the incredibly anemic job growth during the Bush Administration, also known as the “Lost Decade” of the 2000s.

Note that job growth was anemic throughout the decade, in spite of the allegedly “stimulative” effect of two wars and huge deficit spending, and well before the onset of the Great Recession.

Before anyone accuses me of engaging in tiresome Bush-bashing, please understand that it is not my purpose at all. It’s not even my intention to praise Obama and the Democratic Congress for 2010’s disappointing job growth, impressive as it may be in comparison to the Bush years.  No – I write this post because of the push-back and ridicule I see from “conservatives” who can’t handle this comparison.  Their responses range from disbelief to anger to outright hostility.

And I write this post especially to mock this man:

Where are the jobs NOW, Mr. Speaker?

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13 comments

  1. There is no net creation of jobs at all in the US with over 1.6 million people per month filing unemployment claims. There is a massive net loss of jobs, as many of those jobs being lost are not going to be filled with other people but are temporarily or permanently lost altogether.

    As I have said on many forums, it is not the job of the Government to create jobs, it is the job of business to create jobs. The banks are not lending out money no matter how fast Ben prints it. He cannot control FEAR. Many economists have tried many strategies to control Fear… but they can’t force people to spend.

    http://www.DailyJobCuts.com


    • No net creation of jobs? What do you know that has escaped the attention Bureau of Labor Statistics, and EVERY economist in the US, liberal or conservative?

      In the real world, both business AND government have a hand in creating jobs. Hadn’t you noticed all the government workers and funding of public works projects?

      I hope that the weather in your universe is warmer than it is here.


  2. I am a lot smarter than the average liberal and conservative in Washington. Didn’t you know.. they don’t read bills in Washington.

    It’s cold up here in these majestic hills.. very very pretty though.. I have a gorgeous view of the golf course with some Deer rummaging in the woods. I can see them because of the snow today.

    60% of the population today are government workers. This info is good and bad. We need to bring this percentage down.. I say to 40%.


  3. I came looking for the ‘craven’ Rutherford as he has chickened out on his own blog, and that is the only reason I happened along the blog of recorded propaganda. Though I doubt you’ve got the cojones to leave this post, I’ll refute it. You put your trust in the wrong people Mr. Graychin, seeking results to mask the failures.

    Mathematical tricks, a couple of Nancy Pelosi whoppers, with a Graychin masquerade thrown in for intent.

    ———-

    Before anyone accuses me of engaging in tiresome Bush-bashing, please understand that it is not my purpose at all.

    Sure it is. Your ‘progressive’ politics of socialism light has been an epic failure and you’re grasping for straws trying to defend the failure – that is your exact intent. Don’t let a crisis go to waste is the liberal theme.

    ——–

    The Lie.

    This “myth” of Obama job growth was busted more than three months ago and though I can’t find the actual page of the Bureau of Labor Statistics because of laziness, I did find a website with copy of it. If need be to prove you wrong, I’ll be happy to find the page.

    http://larrymwalkerjr.blogspot.com/2010/10/mythbuster-has-obama-created-more-jobs.html

    Unless the Obama economy has added 4,000,000 new jobs in the last three months, you’ve been had, because you need to start at the beginning. We’ve actually lost well over 2.5MM jobs while Obama has held office.

    ————

    Now the mathematical trick. The 40s was the largest degree of increased GDP. Of course it was, as we were coming out of a Depression – there was no where to go but up with unemployment sitting at 14.7% in late ’39.

    When Bush inherited the tech bubble in Spring 2001, there was almost full employment and no where to go but down. The fact that Bush able to sustain it for 52 months a short time after 9/11 and the tech bubble, is not a testament to a Bush failure, but a success. America was never richer than in Oct. 2007, and at the economic definition of full employment (4.4% unemployment).

    Anybody can pick a moment in time, cherry pick the results and the time frame, and put a positive spin of the success or failure.

    The only fair way to do this is to take the first two years of the Bush years and then make comparison.

    I’m not sure you capable of shame, but you ought to be.


    • Tex – you just can’t live without me, can you? How empty your sad, lonely, idle life must be!

      I guess you’re right – anyone can take an arbitrary interval of time (like the eight years between the beginning and end of the Bush II Administration) and compare it to another arbitrary interval of time (calendar year 2010) and use them for a “mathematical trick.”

      But the trick is one that I learned in the first grade, and probably before that. The trick is that 1.1 million jobs is greater than 1.0 million jobs.

      Although I loathe your presence here, I’m actually glad that you stopped by to leave this steaming pile of shit comment. You are exactly the sort that I was talking about when I said “I write this post because of the push-back and ridicule I see from “conservatives” who can’t handle this comparison. Their responses range from disbelief to anger to outright hostility.”

      Yet, there it is. Of course it’s true that millions more jobs were lost after the Obama inauguration during the depths of the Great Recession, losing ground that hasn’t been made up yet. For your edification, here is the graphic that proves as much:

      http://www.washingtonmonthly.com/archives/monthly/2011_01.php

      Poor, poor Bush. He had the misfortune of inheriting an economy with “almost full employment and no where to go but down,” presumably the bitter fruit of the Clinton Administration. Lucky, lucky Obama. He inherited an economy in freefall, presumably the sweet and plentiful fruits of eight years of Bush. I guess FDR was equally lucky to have inherited the fruits of Hooverism.

      “The only fair way to do this is to take the first two years of the Bush years and then make comparison.”

      Now who’s cherry-picking?

      P.S. Neither you nor the doofus who writes the blog that you linked seem to be able to understand plain English. The year 2010 is not the same thing as the first two years of Obama’s term.


    • You must be the allseeingI.


    • regressives are totally removed from reality….fairy tales from jesus and palin and boner not to mention Faux


  4. LMAO!!!!.. I guess.. for every Cory M.. there is another substitute. too funny. and for every Alan Shore.. there is a Graychin right behind too. WTF?

    As I put up on Rutherford’s forum.. there is a Blue in all of us.. adios guys.. and remember to laugh and be nice every once in a while. GO BEARS! BURP!


  5. Yeah Graychin. I treasure you loathe me and sure, I like the exchange. So do you, but you can’t bring yourself to admit it. 🙂

    Well, let me leave another steaming pile of shit that this time doesn’t mix apples and oranges as you’ve attempted – as your explanation liquid in its fecal nature, lest I be tempted to go back and pick a period where Bush created 4-5 million new jobs before the bust just for grins.

    Perhaps this is why Obama busy reading Reagan’s book if you like comparisons, hmmm?

    C’est la vie for a lib these days. See you around the bend.


    • If I enjoyed exchanges with Tex Taylor, I would be where Tex Taylor is. Have you seen me there recently? Don’t hold your breath waiting for me to show up, because I won’t be following you “around the bend.”

      Re: pajamasmedia, home of Joe the Plumber Journalist – now who’s cherry-picking? And what was the national debt doing while Reagan the Conservative was creating jobs? Must have been Keynesian Stimulus, eh?


  6. You were saying…

    At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won’t even show what the labor force is as a percentage of total population. It is a vertical plunge.

    Of course you have this to document the real laydown of job creation in the nation right now.


    • And every bit of it is Obama’s fault.

      Right, Ape?



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