keystone> No President can create jobs.
http://www.forbes.com/sites/briandomitrovic/2012/10/09/when-it-comes-to-job-creation-obama-doesnt-hold-a-candle-to-reagan/
Here’s the big difference. When it comes to the labor force participation rate, under Obama it too fell to a trough of 63.5%, as it did for Reagan, but now it stands at…63.6%.
Therefore, there must be a rather massive difference in job creation—in total employment in the nation. Sure enough, this is true. The number of jobs in the United States is a mere 800,000 more now than when Obama took office. Again, the net gain under Reagan was about 5 million more than that.
As goes policy, just like Reagan, Obama had his big splash. His program was of course rather the opposite on all counts. It consisted in tax rebates and such (as opposed to cuts in marginal rates) coupled with big spending; a waving through of major Congressional efforts at regulation; and encouragement of Federal Reserve money-printing.
Under Reagan, pushing 6 million new jobs; under Obama, little net job creation. Both presidents tried major efforts, one supply-side, one Keynesian, at getting the economy through recessionary periods whose employment and participation issues were the same. One president’s record is of clear success, and the other is of the absence of success.
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(Much of the entire article was skipped. Zim.)
Mad Poet Strikes Again.
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