Sunday, June 12, 2011

Graph Showing Obama's Positive Impact on Economy

Barack Obama became President of the United States on January 20, 2009. Ever since he took office the economy has improved, with average number of jobs gained or lost entering positive territory in 2010.

Daily Kos posted this graphic earlier this week, and explained:

Let's start with the recovery act. In the 27 months since President Obama signed it into law, we've lost 1.3 million private sector jobs and 1.8 million overall.
Those are terrible numbers, but in the 27 months before the stimulus, we were losing private sector jobs more than three times as quickly. During that stretch, we lost 4.5 million jobs in the private sector jobs and 4.1 million jobs overall. (The reason we lost more private sector jobs than jobs overall is that public sector hiring went up by nearly one-half million. Under Obama, we've lost a half-million government jobs, an ironic fact given the false Republican claim that government hiring has increased.)
As you can see in the chart at the top of the post, as bad as the jobs picture was in 2009, it was even worse in 2008, and things have turned around in 2010 and 2011 with job growth stronger than it was in 2007. Moreover, we've now had sixteen straight months of private sector job gains.
With unemployment still at 9.1%, economic growth is obviously still way below where anybody wants it to be, but to the extent the administration has fallen short, it's that they've soft-pedaled the need for more stimulus funds to accelerate the recovery beyond its current pace.
And the fact remains that unlike Bush and the Republicans who wrecked the economy in the first place, Obama and the Democrats haven't made things worse. They've made things better.
I understand people being impatient about the economy, but considering voting for a Republican, who will only make things worse, not better, why?
Related Posts Plugin for WordPress, Blogger...