Thursday, January 19, 2012

Job Creation During Clinton, Bush and Obama Administrations

We've heard a lot of discussion about job growth during the Bush Administration's years under its economic policies (including deregulation and lower taxes for "job creators").  Many of those same policies are currently being touted by Republican presidential candidates as the "be all and end all" for continued economic recovery and growth.  But a close look at the data suggest that the years of lower taxes and less regulation (particularly with respect to the financial services industry) didn't, in the past, bring the nirvana the Republicans now say will occur with the same lower tax and deregulation policies.  As Albert Einstein has been credited as saying, "Insanity is doing the same thing over and over and expecting different results."

Job Creation During Clinton Administration

Job Creation During the Bush Administration

Job Creation During the Obama Administration