Affordable Care Act, Barack Obama — October 3, 2014 at 8:01 am

FUN FACT: More net jobs have been created under Obama than both Bushes combined


Obama Northwestern

The economy under President Obama seems difficult to defend — unless you put it in context.

The president attempted to do that on Thursday in a speech at Northwestern University:

Here are the facts: When I took office, businesses were laying off 800,000 Americans a month. Today, our businesses are hiring 200,000 Americans a month. The unemployment rate has come down from a high of 10 percent in 2009, to 6.1 percent today. Over the past four and a half years, our businesses have created 10 million new jobs; this is the longest uninterrupted stretch of private sector job creation in our history. Think about that. And you don’t have to applaud at — because I’m going to be giving you a lot of good statistics. Right now, there are more job openings than at any time since 2001. All told, the United States has put more people back to work than Europe, Japan, and every other advanced economy combined. I want you to think about that. We have put more people back to work, here in America, than Europe, Japan, and every other advanced economy combined.

America’s recovery has been nearly the best in the world — thanks largely to the stimulative policies embraced by Congress in 2009. But even the chief executive who championed those policies recognize that their benefits are not being widely felt.

“By every economic measure, we are better off now than we were when I took office,” he said. “At the same time, it’s also indisputable that millions of Americans don’t yet feel enough of the benefits of a growing economy where it matters most — and that’s in their own lives.”

Since the economy began growing again, the gains have gone almost entirely to the richest 10 percent. This isn’t a new phenomenon but one that’s gotten worse in recent years. Since Reaganomics took hold in 1980, most of our economic growth has gone to the richest Americans. which was exactly the point of Reaganomics. It was called Trickle Down but it should be known as Sucking Up.

So why has this recovery been so beneficial to those who need it the least?

George W. Bush’s tax polices play a role — of course. It’s only been since 2013 that we’ve gotten a taste of President Obama’s reversal of most of Bush’s breaks for the rich. And the most profound thing that this president has down to fight inequality — Medicaid expansion — just went into effect this year, along with new taxes on the rich, super rich and car elevator rich.

Higher taxes didn’t break the economy, as Republicans always pinky swear they will. Instead, job growth has improved dramatically as the rich have had to pay a bit more in taxes.

We gained about 88,000 jobs a month in 2010, 173,000 in 2011, 186,000 in 2012 and 194,000 in 2013. This year — thanks in large part to Republicans taking a break from shutdowns and debt limit crises to pretend they’re sane for the election — we’re averaging 215,000 new jobs a month.

President Obama hasn’t racked up the 18 million jobs created under Reagan or the 22 million under Clinton but the Obama economy has flown by an interesting milestone passed with no fanfare at all.

More net jobs have been created under Obama — 5,142,000 as of the August jobs report — than under George H.W. Bush — 2,637,000 — and George W. Bush — 1,282,000 — combined, according to the Federal Reserve Bank of St. Louis.

You should rightfully point out that crediting jobs created to a president exclusively is stupid. The president, Republicans argue, only deserves credit when he’s Ronald Reagan. Otherwise any Republican you can find in the Congress deserves all the credit. And when there’s a massive financial crisis — like the last two under Republican presidents — it’s polite to pretend such things are inevitable and not the result of conservatives in both parties abdicating any responsibility to regulate Wall Street.

The true test of President Obama’s economic policies is going on now as 10 million Americans have gained health insurance and we’re enjoying the best job growth in at least an decade. If this continues, he won’t have to make speeches defending his record anymore.

But if you’re looking for some context for now, just tell people we’re doing better than under both Bushes — combined.

  • Concerned50

    FUN FACT: More net jobs have been created under Obama than both Bushes combined. Vote Democrat if you want to make those jobs livable and
    sustainable. Vote Democrat to increase the minimum wage and establish maximum wage. established. Vote Democrat to establish paid sick and vacation days. Vote Democrat for family friendly work schedules. Vote
    Democrat to penalize employers for wage fraud. Vote Democrat to make our lives better and make the rich and corporations pay reparations for all the harm to America and the American people they have created.

    • Spot Ries

      corporations created the American people?

      • grannieannie2

        They’re trying to create more American people by denying birth control to their employees. Then when these new American people become babies who need food and education, where are those corporations? Are they raising minimum wages to assist the parent of those new American people? Heck no!

        • Al Terpstra

          No one is denying anyone birth control. One should pay for their own, as procreation is not an illness, but a voluntary activity 99+% of the time. Minimum wage recipients account for around 2% of workers, of which more than half are part timers. Regarding, the new Americans: what about the old fashioned way of family helping out? Do as I have done and offer a room in your home to a family member who needs the help. It should not be up to the taxpayers. Nor employers, by imposing an artificially high wage for non-skilled persons, in low skill jobs.

          • willicrom

            2%? put down the crack pipe.

    • Ladder 1

      vote democrat for communism. Wake up man! Nobody is better off! People have lost most everything they have. Oh, and the only MONTH we lost 800,000 jobs was under Obama’s watch. You leftist clowns just cant get one fact right!

      • StateofReason

        The number of job losses had increased every month for the last several months of Bush’s term. The first month under Obama was 800,000. You have to be really desperate to blame Obama to claim that 800,000 was due to his policies. Since that month every subsequent month we’ve had decreasing losses leading into increasing gains. To claim the economy hasn’t improved dramatically under Obama is to completely ignore every possible measurement of the economy.

        Now, you can question whether Obama’s policies are responsible for that growth, and that’s a debate I’m happy to have, but to claim “nobody is better off” is such utter bullshit and so completely ignores reality you’re clearly not in a position to have a rational debate about it.

        BTW, to claim that Democratic policies are Communist shows a complete lack of understanding of both Democratic policies and Communism.

      • Old Top Kick

        You couldn’t define communism with a dictionary in hand. Keep drinking the tea, Sparky.

        • cleareyesfullhearts

          In today’s terms it is a tyrannical oligarchy. It would have to include totalitarian control over communication… Do you see any parallels to that and the current administration? What I want to see is a Federal government giving power back to the states. But no president has ever released executive powers. Mo’ power Mo’ problems

          • Old Top Kick

            No, Sparky, you don’t get to redefine it to fit your warped perception. As I said, you couldn’t define it with a dictionary in your hand.

            As an aside, you can’t define oligarchy, either, but in a warped way you have tripped over some truth. The heavily monied corporate interests ARE calling way too many shots.

            If Obama was the tyrant that you loonies claim him to be, there would be no voice of opposition. Faux News would be off the air, Rush Limbaugh and the rest of the Reich Wing noise machine would be silent. Your post may well have resulted in your door being kicked down and you being dragged off screaming into the night never to be heard from again.

      • Ohecausedkatrina2

        The month before bush for previous 8 months 6 million jobs .gone! obama sits in chair one month u guys blame him for the entire conservative depression..we are in a historic recovery from the 2nd worst economy in u.s history .every single month prior to obama we were losing 750,000 jobs a month ..every month accept for his first month ..after that it’s been consecutive job growth ..creating the 2nd best turn around in the history of the u s
        yes you all are not debatable bc it’s never been about politics

        • Bill Moquin

          conservative depression? Try Community Reinvestment Act – sell houses to people who couldnt afford them and get Freddy and fanny to purchase the notes…then when the people cant pay the notes all hell brakes loose

    • Guest

      Why should businesses be forced to pay sick leave and vacation days? What do liberals have against free market capitalism (freedom)? Why do people want something handed to them?

      • standbehindtheyellowline

        What do conservatives have against the employees that got them there?

    • Guest

      Increasing the minimum wage artificially through law causes loss of jobs. Businesses have to do something to make up for it.

        • Guest

          Assuming these studies are true, I still oppose raising the minimum wage or even having a minimum wage at all. First of all, businesses still have to do something to make up for it. It could be cutting other workers’ wages or raising prices. I oppose the minimum wage, however, because it’s anti-freedom and theft, to be honest. You should be paid what you’re worth. If the government forces me to pay you more than you’re worth, that’s theft and actually a handout, no different than welfare. The ends of higher wages don’t justify the means of theft. If I want to pay you a certain wage and you’re willing to work for it, nobody else should care, least of all the government. At least that’s how a FREE society would work. I don’t get why liberals just can’t support freedom. If you support freedom on social issues, you should support freedom on fiscal issues too.

          • I think you should be able to survive on the wages from your full time job.

          • Guest

            I agree that’s noble, but I agree with Ron Paul that you don’t have a right to other people’s money.

          • standbehindtheyellowline

            If you and the others that like to live off the pennies to the dollar of the employee made for their employer, go for it. That’s one of the very reasons “right to work” states are the poorest. You are fine with making the employer rich while you eat their scraps? How stupid.

  • judyms9

    In spite of the GOP drag on the economy, congressional obstructionism, and cash hoarding, Obama has successfully moved the economy forward, making ours one of the healthiest on the globe following the great meltdown of 2008, and that despite the sequester.

    • Al Terpstra

      The sequester that Obama demanded, thank you very much!!

      • Carl1011

        Obama demanded that the sequester be put IN, not that it be acted upon. The sequester was a gambit to force the GOP to actually, you know, govern, and to work with the Democrats on actual reform. It was supposed to be so awful that anyone would actually prefer to compromise than let it take effect. Of course, the GOP refused to compromise on anything, and it took effect. So I guess in effect they decided it was better to call Obama’s bluff than actually do something constructive.

  • Thinking voter

    Pull off the blinders-most Armericans are NOT better off with this amateur still in office. However, if you are on welfare, you are a happy camper. Yea, vote democratic & stay dumb & poor.

    • Proud Liberal

      Thinking voter my rosey red….
      WHAT, pray tell, would you do to fix the republican caused disaster? You wanna see blind, look at conservatives! They have nothing. They offer nothing. Wake up!

    • MJRinPA

      Blinders off – The Bush Worst Recession since the Great Depression depleted ONE HALF of our retirement account. The economic policies of the Obama administration have created a recovery. Our retirement account has regained what it lost under Bush and continues to grow.
      Our family is definitely better off with Obama as President.

  • Todd D

    Fun fact – they are government jobs- and those created jobs were the ones lost – neither bush had to deal with 10-11% unemployment therefore, There were less people in labor pool . Fun fact – wages are down- which betrays your logic of job creation. Supply and demand , ever heard of it ?? More people not working means lower wages- employers market. Fun fact- more people on welfare than ever before – you liberals probably call welfare a job now !

    • WTF? Do you just make shit up and crap it out on the internet? Government jobs have decreased precipitously under President Obama:

      Peddle your bullshit elsewhere.

      • Here’s the graph in case you don’t read well.

        • Dadpa1

          That graph will only confuse certain right wingers, since it looks like a passed out Klansman.

        • cleareyesfullhearts

          amazing, post facts, play race card, I win!

          Dadpa1 this way of thinking sickens me.

      • judyms9

        Good effort here, E, but willful ignorance is more powerful than factual information because it’s like a tantrum throwing two year old with his fingers in his ears and his head shaking NO.
        Todd is correct about the lower wages but that has more to do with the coordinated scuttling of unions than it does with the labor pool now that folks need two or three jobs to have food, clothing and shelter and maybe a still running 2002 Focus or F150.

        • standbehindtheyellowline

          That Ford Focus and F150 built over 1,550 jobs in 2014, not to mention the Ford Transit that added over 1000 jobs in 2014 and another 1000 jobs alone in KCMO. Good try, but no cigar.

    • Spot Ries

      fun fact : you republicans have lost the popular vote in 5 out of the last 6 presidential elections. the only time you did win the popular vote was 10 years ago. And to get the next time you did we have to go back 26 fucking years. Your party sucks and if it weren’t for redistricting and voter fraud you wouldn’t even have the house. You’re pathetic.

  • Spot Ries


  • Ladder 1

    Things are so much better, there has not been a drop in welfare assistance since it hit its historic mark of 49 million people. Theshit you lefties say and BELIEVE is astonishing!

    • Old Top Kick

      Mostly in red states due to Republican policies that favor business at the expense of workers, such as union busting, and Republican refusal to raise the minimum wage. Keep drinking the tea, Sparky.

      • Guest

        Raising the minimum wage is theft. Plain and simple. It’s a form of welfare. You should be paid what you’re worth. Period. Raising the minimum wage kills entry level jobs.

        • Old Top Kick

          Bla bla bla bla bla. If you don’t have the guts to sign in, just STFU.

        • standbehindtheyellowline

          You must feel you are worth pennies on the dollar. Get some self-esteem.

          • Ray Liptak

            I make a little over 20 an hour. My employer charges customers 80 for every billable hour. Technically that’s pennies on the dollar as you’re fond of saying. Should I make 80 dollars an hour? How would the company stay in business and continue to have the overhead to provide the necessary materials to get the job done? If you make dollars on the dollar to what you make the company, the company will go out of business. You should try starting a business so you can understand the realities that it entails.

          • standbehindtheyellowline

            Are you for real? Do you understand that 95 percent of the employers have houses, cars, food and insurance while their employees live off food stamps?

          • Ray Liptak

            Are you for real? Have you ever been on the workforce?

          • standbehindtheyellowline

            All my life! I also know that the employer didn’t make that money w/o me. My self-esteem is not so low that I don’t stand up for myself and my family. The employer does. Your all for RTW, right? You think union memberss pay to have a job, huh?

          • Ray Liptak

            I think low wage workers should try getting a skill beyond flipping burgets, or running the register or pushing a piece of paper from side to side.

          • standbehindtheyellowline

            Yeah. Just borrow the money from their parents. You and Romney must live in the same fantasy world.

          • Ray Liptak

            Or how about apprenticeship in a trade. Clearly you have to be Romney rich for that, yes? Liberals apparently think they’re too good for trades.

          • standbehindtheyellowline

            Really? 95 percent of the trades at my job are progressive liberals. If you must speak, please have some realistic statistics to fall back on.

          • standbehindtheyellowline

            You are too funny. Too good for trades? I did mention I was in a union, right. Please leave and close the door behind you.

          • Ray Liptak

            You’ve got no argument so you resort to useless snark but it’s a bad look in you. If you’re going to do that you have to be clever and you’re apparently lacking in that department.

          • standbehindtheyellowline

            Got ya. Was that remark really about yourself? I said nothing “snarky”, just caught you with your foot in your mouth… again.

          • standbehindtheyellowline

            OMG! It is you that has foregone the argument. You can’t defend the “trickle down theory”, because it doesn’t and hasn’t worked. Instead of paying that to the employees, they hoarded it and hide it. Why we are today fighting for record breaking profit and multibillion profits that go to the few I stead of the many. You teach your children to take what they get, I’ll teach mine to fight for what’s rightly theirs.
            No snarky remarks, just the truth that most of the conservative right know nothing about.

          • standbehindtheyellowline

            I’ve replied several times. Keeps getting deleted. I’ll try one more time.
            I gave you a very good argument, but in true Trump fashion, you poo pooed it. You think paying the hard working that made them rich is our own faults instead of the rights almighty, claiming profit will “trickle down”. Wrong and has been proven.

          • Ray Liptak

            Again, you should try starting a business and then you can pay yourself what you think you’re worth. And moreover you can pay your employees whatever you want. And we can see how long you stay in business

          • standbehindtheyellowline

            Stay in business so my employees can go on welfare. While the employer has healthcare and employees don’t. How stupid is that?

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  • Cleareyesfullhearts


  • Ohecausedkatrina2

    It’s overwhelming how much hate there is for one man that people don’t want to be bothered with the economy .

  • useyourhead822

    If Obama is responsible for the first 9 months of job losses, the Bush is responsible for 9/11/2001

  • Guest

    Here’s an interesting question, though. Why was Reagan so good at creating jobs while Bush was so terrible?

    Also, the 23 million jobs created under Clinton were due to the dot com boom. It’s just silly to credit all of that to Clinton.

  • BearNJ

    More people have been added to the food-stamp rolls than the job rolls under Obama. We have the worse worker participation rates since 1978 and you happy?
    It’s a lie. Everything Obama says is a lie.

  • richardstarr

    What kind of jobs were created?
    Are you comparing part time low wage jobs with middle class full time ones?
    And how many quality jobs were lost to be replaced by crappy ones?
    And how many jobs were created in government which have a net drain on
    the system vs private sector jobs that add money to the treasury?

    It makes a difference.

  • WC

    And there is no credit due the previous administration – – unless you’re explaining away the negatives.

  • Miles Gearhound Jamell

    This is such a lie. It’s funny though. Since Obama took office millions of people have given up looking for work and have left the laborforce driving the laborforce participation rate to a 36-year low which has driven down the unemployment rate because they are no longer counted. Obama’s economy is a massive joke. More people were working under Bush. Under Obama the middle class has suffered tremendously and wealth has declined. To top it off job growth under Obama is considerably WEAK! This economy is going to collapse and anyone who thinks Obama’s economic policies are good is a complete moron who is ignorant of history.

  • jjallison1

    Yes! 10,000,000 new burger flipping jobs! Go Obama, go!

  • brewmaster95060