Obama often boasts that the economy has added 5.2 million private-sector jobs in the 31 months since employment bottomed out in February 2010. But that rate of job growth lags every previous recovery as well if, as Obama does, you start counting at the point where jobs bottomed out.More on the failures of Obamanomics here. Maybe it's time for a president who's better at math?
Bush oversaw 5.3 million new private-sector jobs in the 31 months after employment hit bottom in mid-2003. Under Reagan, private-sector jobs climbed 8.2 million during a comparable time period.
What’s more, Obama’s recovery has reclaimed only about half the jobs lost during the recession. That’s a far cry from prior recoveries, which saw the number of jobs exceed the previous peak by this point.
Thursday, October 25, 2012
Muddling Through The Non-Recovery
Paul Ryan was right: this is not what a real recovery looks like: