The final pre-election Jobs report - and a new spin?

[The Duke]

Hmmmm....Upward revision of jobs data.  Could this be a Rove surprise?  Rover claimed to have something up his sleeve, could this be one of thsoe things?

[The Duke]

Even if some really rosy job numbers come out coincidentily *cough**cough* right before the election, there's no way that it will change the fact that the number of jobs in America has gone down under Bush (currently 900,000 in the hole), in the first Presidential loss of jobs since Hoover. Every Democratic President for 40 years (LBJ, Carter, Clinton) has had a net increase of around 10 million jobs per term. Why couldn't Bush create anywhere close to 10 million jobs, let alone break even?

Why is it that every Republican President since Eisenhower has inherited a ressession from a Democrat President?

Even Bush and Ford?

[The Duke]

As for this chart.  You can't really coutn FDR, Truman, or LBJ since they had wartime economies.

You can't count Carter, because the result of his policies was to creaqte high inflation, which more than offsets the disparity in job creation.

This leaves us with tax cutter Kennedy and free trader Clinton.

I'll take that.  The chart shows that free trade and low taxes creates jobs.

[The Duke]

Nym,

After 7 years of the New Deal, the unemployment rate had fallen from 25% to 17%.  In the next two years, war industry got it down to 9%.  Two years of war industry had the same impact on unemployment as 7 years of public works.  Yeah, I'm pretty sure war industry creates most of these jobs.

Johnson also cut taxes, and Clinton did the same (cap gains tax in 1996).  A high tax Republican (Ike) and a tax hiking Republican (Bush I) had among the lowest job creation rates, so there goes any link between high taxes and job growth.

The simple explaination for this chart, assuming it legit, is that Democrats create more jobs but also create more inflation.  If you are willing to trade a marginal change in job creation for a major change in inflation, then vote Democrat.  Liberal policies have a consistent impact, and so do conservative policies.  If you think its a good trade, vote Democrat, if you don' think its worth it, vote GOP.