October 16, 2012

Three revealing charts on our economy

Re: The Obama claim to have created more jobs than Reagan

 Obama-Vs-Reagan-Jobs1

Net private sector jobs created during the first 37 months after the end of the recession that Obama inherited (June 2009-July 2012): 2.7 million
Net private sector jobs created during the first 37 months after the end of the recession that Reagan inherited (November 1982-May 1985): 9.8 million

But that chart doesn't tell the whole story.  Below is Our Awful Economy in One Chart.

 One Ten Labor Force

IBD Here's What a Huge Recovery Looks Like

Obama's policies have produced a smaller economic recovery than any since World War II. This recovery is so small that only half the jobs lost in the recession have been recouped. It's so small that there are almost half a million more long-term unemployed today than in June 2009, and millions have dropped out of the labor force altogether.

The Obama recovery is so small that median household incomes have been steadily falling since it started, and there are 11 million more people on food stamps and 2.7 million more mired in poverty.  Indeed, had Obama's recovery merely been average, there would be about 8 million more people with jobs today, and the GDP would be $1.2 trillion bigger.

 Ibd-Tale-Of-2-Recoveries

Posted by Jill Fallon at October 16, 2012 8:35 PM | Permalink