Tuesday, January 13, 2009

Job creation by president

The creation of jobs in the economy is neither the president's responsibility nor within his power to do anything other than influence through policy, but it's still interesting to look at the record of job creation under the last eleven presidents (Truman to Bush Jr.), as presented at Barry Ritholtz's blog (from the Wall Street Journal's Real Time Economics):

2 comments:

Ktisophilos said...

So how many jobs will the new one destroy with his love of protectionism, including his party's "Buy American" provisions in the Porkfest, oops sorry, Stimulus bill.

Remember the Smoot–Hawley tariff act of 1930, which helped to make the Depression "great". And it was signed by that interventionist big-spending buffoon Hoover. And this atrocious president is absurdly called a "laissez-faire capitalist", a revisionist myth that Bush and Cheney fell for in their bailout of the auto industries.

Jim Lippard said...

Obama called for dropping any provision in the House bill that could trigger a trade war (referring to the "Buy American" provision), and it has been modified in the Senate bill.