Undeniable, Undisputed Facts: More Jobs Created at Faster Rate Under Democratic Presidents, President Obama Included

August 23, 2012 at 8:00 am by: seeta Category: 2012 Election, Anti-Racism, Civil Rights, Economic Development, Education, Poverty

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From the NYT:

The following graph, which I put together using data from the Bureau of Labor Statistics, traces the annual rate of job creation under Democratic and Republican administrations from Harry Truman to Obama — with 2009 separated out as a year in which any fair-minded person would agree that the “difficult situation” Obama inherited was the main driving force. It dramatically illustrates just how wrong Ryan’s assertion is.

Republicans who are wondering how Obama could be polling as well as he is with unemployment above 8 percent might want to take a look at this graph. It makes two points very clear.

First, jobs have historically, without exception, been created at a much faster rate under Democratic presidents than under Republicans.

Look at the 64-year period from the start of Harry Truman’s presidency to the end of that of George W. Bush (1945-2009).

During the 28 years of Democratic administrations in that period, 57.5 million new jobs were created, an average of 2.05 million per year.

During the 36 years of Republican administrations in that period, 36.2 million new jobs were created, an average of 1.0 million per year.

The bottom line is that over the 64 years leading up to the inauguration of President Obama, jobs were created more than twice as fast under Democrats as they were under Republicans.

The choice is abundantly clear. Private jobs increase more when Democrats are in the White House:

Democrats hold the edge though they occupied the Oval Office for 23 years since Kennedy’s inauguration, compared with 28 for the Republicans. Through April, Democratic presidents accounted for an average of 150,000 additional private-sector paychecks per month over that period, more than double the 71,000 average for Republicans.

The debate over jobs intensified last week, when the Labor Department reported that U.S. employers added a total of 115,000 private and government jobs in April, fewer than forecast and the smallest number in six months.

Private payrolls grew by 130,000 and, for the first time under President Barack Obama, surpassed the total in January 2009, when he took office.