Who's the real job killer?

[Indy Texas]

Net Job Creation During Presidency
Bill Clinton: net GAIN of 19.96 million private sector jobs (March 1994-March 2001)
George W. Bush: net LOSS of 2.28 million private sector jobs (March 2002-March 2009)

Net Job Creation During First Two Years In Office
George W. Bush: net LOSS of 3.46 million private sector jobs (March 2002-March 2003)
Barack Obama: net LOSS of 827,000 private sector jobs (March 2010-March 2011)

Source: http://www.bls.gov/web/cewbd/anntab1_1.txt

[Green State]

It's quite simple Bush!

Although Obama is just trying to clean up the mess his predecessor made, the neoliberal policies he is continuing to follow aren't helping.

[RI]

Presidents have very little control over the macroeconomic conditions they inherit and preside over except at the margins, barring rather extreme action.  Otherwise, we're just dealing with talking points here.

[Grumpier Than Thou]

Presidents have very little control over the macroeconomic conditions they inherit and preside over except at the margins, barring rather extreme action.

This. Which is why I really hate when people blame Bush OR Obama for the economic downturn. It's a number of factors that go into it.

[Darius_Addicus_Gaius]

The real job killers are requiring a minimum wage that is greater than the amount of work produced per hour by employees receiving such a wage and the corporate tax. If we allowed supply and demand to take care of wages based on the amount of work produced by employees, then prices would fall and the value of a dollar would increase. Paying someone $7.25 an hour or whatever the minimum wages are now when they only perform $4 an hour worth of work does nothing but cost companies money. To anyone who doesn't want to work for small wages, I encourage to start their own businesses and make it to the top. There is no conspiracy setting things up for them to fail.
Corporate taxes do nothing but scare companies into going overseas. The biggest problem is that those in government who can change such policies do not understand the private sector for the most part because they haven't succeeded there. Successful individuals start and run businesses.

[Torie]

Someone should put up a chart tracing the rate of recovery from this recession vis a vis prior ones. It's the trajectories that count more than on whose watch the trough was. But hey, the Dems are doing the best they can just using absolute job change numbers on each watch. It's all they have, so who can blame them? Will it sell?  Probably not.

[© tweed]

The real job killers are requiring a minimum wage that is greater than the amount of work produced per hour by employees receiving such a wage and the corporate tax. If we allowed supply and demand to take care of wages based on the amount of work produced by employees, then prices would fall and the value of a dollar would increase. Paying someone $7.25 an hour or whatever the minimum wages are now when they only perform $4 an hour worth of work does nothing but cost companies money. To anyone who doesn't want to work for small wages, I encourage to start their own businesses and make it to the top. There is no conspiracy setting things up for them to fail.
Corporate taxes do nothing but scare companies into going overseas. The biggest problem is that those in government who can change such policies do not understand the private sector for the most part because they haven't succeeded there. Successful individuals start and run businesses.

how does this guy have 80 posts in 16 hours?

[opebo]

Someone should put up a chart tracing the rate of recovery from this recession vis a vis prior ones. It's the trajectories that count more than on whose watch the trough was. But hey, the Dems are doing the best they can just using absolute job change numbers on each watch. It's all they have, so who can blame them? Will it sell?  Probably not.

The trajectory should be compared solely to the Great Depression, Torie, because all the intervening recessions were 'good-policy' Keynesian recessions (hardly worthy of the name recession).  This one is the bad old kind - pure capitalist collapse.

[fezzyfestoon]

Why is there still even a conversation about whose fault it is? As if there's any variation in policy among those in power. The sooner people realize the whole thing is our faulty government's collective fault and there is no solution within their manipulative lines of rhetoric, the better. But Americans aren't smart enough to come up with their own solutions beyond the non-solutions our politicians propose. That's why the Occupiers died off and the Tea Party is fading, they're thinking in terms of our current government.

We immediately seek a blame cushion for everything as if pinpointing them as the origin will solve the problem. It's all just the same old smoke-screen that's been used for decades. Play the blame game because there's nothing of substance there. Just knock the other side's positive public ratings down a little bit lower than your own and problem solved! You're still in office and have skirted the blame successfully. It's embarrassing really.

[phk]

Skill-biased technical change

[Torie]

Someone should put up a chart tracing the rate of recovery from this recession vis a vis prior ones. It's the trajectories that count more than on whose watch the trough was. But hey, the Dems are doing the best they can just using absolute job change numbers on each watch. It's all they have, so who can blame them? Will it sell?  Probably not.

The trajectory should be compared solely to the Great Depression, Torie, because all the intervening recessions were 'good-policy' Keynesian recessions (hardly worthy of the name recession).  This one is the bad old kind - pure capitalist collapse.

You are not old enough to remember them all opebo. The one attending killing stagflation from LBJ guns and butter forward was a killer, and in the meantime the stock market in real dollars did something that was in the neighborhood of what happened in the Depression. I was involved with a law firm that collapsed from the early 1990's recession, which hit white collar "industries" particularly hard.

[Darius_Addicus_Gaius]

Why is there still even a conversation about whose fault it is? As if there's any variation in policy among those in power. The sooner people realize the whole thing is our faulty government's collective fault and there is no solution within their manipulative lines of rhetoric, the better. But Americans aren't smart enough to come up with their own solutions beyond the non-solutions our politicians propose. That's why the Occupiers died off and the Tea Party is fading, they're thinking in terms of our current government.

We immediately seek a blame cushion for everything as if pinpointing them as the origin will solve the problem. It's all just the same old smoke-screen that's been used for decades. Play the blame game because there's nothing of substance there. Just knock the other side's positive public ratings down a little bit lower than your own and problem solved! You're still in office and have skirted the blame successfully. It's embarrassing really.

I agree it goes beyond politics.

[opebo]

You are not old enough to remember them all opebo. The one attending killing stagflation from LBJ guns and butter forward was a killer, and in the meantime the stock market in real dollars did something that was in the neighborhood of what happened in the Depression. I was involved with a law firm that collapsed from the early 1990's recession, which hit white collar "industries" particularly hard.

Haha, I wasn't going by personal experience.  But they were all incredibly mild compared to non-Keyensian (as in unplanned/unintentional) recessions such as the Great Depression or the current one.

If you are just throttling back on inflation, a recession is no big deal.  Sure a few law firms go under, but that's just a side-benefit.