Moneymoney

Thu Jan 12, 2017, 12:42 PM

Which President Created the Most Jobs?

https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218?utm_campaign=list_useconomy



Bill Clinton created the most number of jobs (21.5 million) during his term. Barack Obama is second, creating 17.2 million jobs during his term.

Barack Obama created 22.3 million jobs from the worst part of the recession (January 2010) through the end of his term. Unemployment continued to rise even after the recession ended in July 2009. That's typical. Some companies continue to shed workers even after the economy turns around. They want to make sure the recession is truly over before they start hiring again.

Lyndon B. Johnson added the most jobs percentage-wise (20.7 percent). Franklin Roosevelt created the most percentage-wise (32.7 percent) since 1939, but it's not fair to use that because he was in office for more than two terms. (Source: Bureau of Labor Statistics)



Now, those number don't add up, you say? For the explanation (the difference between "gross" and net")



President Obama created 17.267 million jobs by the end of December 2016, a 12.8 percent increase. There were 152.111 million people employed at the end of his term. That's compared to 134.844 million working at the end of the Bush Administration.

But that doesn't give the total picture. The economy lost 8.7 million jobs as a result of the 2008 financial crisis. It kept shedding them until January 2010. Since that low point, Obama created 22.309 million jobs, a 17.2 percent increase.



If you read the article, you'll see that Reagan is the only Republican who bucks the Republican trend of lousy job growth. But, he did it by doubling the debt even though he reduced some spending.

I eagerly await the "But what kind of jobs..." whine. That's a valid point, but if you make it, you really should explain how to create high paying jobs.

Anyway, have fun with the "Obama worst President" circle jerk as you celebrate the Pumpkinfaced Pisswhistle's ascent to the most dangerous job on the planet.

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Arrow 21 replies Author Time Post
Reply Which President Created the Most Jobs? (Original post)
Scary Red Jan 2017 OP
foia Jan 2017 #1
Scary Red Jan 2017 #2
foia Jan 2017 #9
Scary Red Jan 2017 #15
Juan Rico Jan 2017 #3
Scary Red Jan 2017 #4
bernt-toast Jan 2017 #5
Scary Red Jan 2017 #6
bernt-toast Jan 2017 #8
Slayer Jan 2017 #10
bernt-toast Jan 2017 #11
Slayer Jan 2017 #12
bernt-toast Jan 2017 #13
Slayer Jan 2017 #14
Cave Dweller Jan 2017 #7
ibtruthin Jan 2017 #16
Scary Red Jan 2017 #18
ibtruthin Jan 2017 #19
ibtruthin Jan 2017 #20
TheLoneLiberaltarian Jan 2017 #17
Doncharlo Feb 2017 #21

Response to Scary Red (Original post)

Thu Jan 12, 2017, 12:49 PM

1. Presidents don't create jobs, sorry

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Response to foia (Reply #1)

Thu Jan 12, 2017, 12:52 PM

2. We know that, hotshot, but they do set up conditions where job creation..

is either increased or decreased.

There are also some conditions where they do directly create jobs, such as FDR's public works projects.

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Response to Scary Red (Reply #2)

Thu Jan 12, 2017, 02:24 PM

9. Other than federal jobs presidents do not create jobs

They have some MINOR influence on the creation of jobs but there are a host of other factors so saying a president "creates" jobs is a gross exaggeration. Making it the premise of an article is downright silly. I guess it has some entertainment value to the economically simple-minded though.

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Response to foia (Reply #9)

Thu Jan 12, 2017, 10:31 PM

15. If Forbes, the Wall Street Journal and the Economist are...

what you consider simple-minded, there is no reason to take anything you say seriously.

They are not always into deep analysis, but they do manage to get the facts straight.

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Response to Scary Red (Original post)

Thu Jan 12, 2017, 01:02 PM

3. Better question: Who was President when the most jobs were created?

Presidents get both too much credit and too much blame for things that happen on their watch.

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Response to Juan Rico (Reply #3)

Thu Jan 12, 2017, 01:16 PM

4. That is answered, but Truman had this sign...

"The Buck Stops Here". And even when things are out of their control, they are expected to control them anyway, or at least look like they are trying.

The WPA didn't end the Depression, but it was a cause for hope, and some decent jobs and public works projects. FDR was seen as trying to do something. Reagan was popular for the same reason-- he looked like he was trying.

Who knows how long it will last with Trump. He was the last hope for a lot of people who saw their place in things slipping away. But, can he keep it up?

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Response to Scary Red (Original post)

Thu Jan 12, 2017, 01:35 PM

5. I was laid off in 2004, free lanced for 15 months

and then was contracted back for double my old salary. Worked out great and would still be at it except for high-tech crash followed by 9/11 plus simultaneous personal nightmare.

I was working p/t and in school for healthcare p/t in 2008. Based on my research, and backed up by a co-student's research, my new job would start at ~double the rate for the p/t job. I was hired into the new job in 2011, but it was ~25% less than I had been led to believe, and p/t per diem but with no per diem differential. And only $1/hour more than the ending pay at the p/t job I left to finish the clinical training. After no raises for several years, I finally got a pay adjustment followed by a raise, less than a year before they dumped me totally.

And all these crap jobs paid 25% or less of what I made at the peak of my 1995-2002 employment. I'm now on early Social Security. Wasn't plan A or backup plan B.

But the quality of the jobs that the OP dismisses is not something to be scoffed at. It's the difference between scraping by with reason to hope for a decent future and scraping by with reason to despair the future.

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Response to bernt-toast (Reply #5)

Thu Jan 12, 2017, 01:55 PM

6. I am not scoffing at the problem with the quality of jobs...

in fact I am very worried about it. Demographics will take care of some of it as we Boomers die off, but that won't solve the problem. Technology is eliminating jobs incredibly fast. Toyota has a plant where they save a ton of money on electricity because robots don't need lighting, and that's old news.

Even fast food jobs are at risk with the 21st Century versions of the Automat. (Remember the Automat? It was way cool in the 50's, and they even kept one around on 42 St for years because it was so cool.) Retail is already dying.

Coal mining? No need to send men down there to get black lung when machines do the job with no sick days. Besides, two story tall machines do a great job in open pit mines.

Cab and delivery drivers? Not when you have self driving cars and trucks. Medical lab personnel? Machines can handle most of the collection and analysis.

Hell, we're even doing with fewer lawyers now. (Not that that's a bad thing.)

And so it goes. Whichever President is in office when the next technology is invented will be credited for the job growth, even if he or she has no idea how that technology works.

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Response to Scary Red (Reply #6)

Thu Jan 12, 2017, 02:14 PM

8. having worked in a hospital lab, the instruments already do most of the analysis

but they don't run themselves, although they have reduced the number of workers needed. And they aren't perfect; in severely ill people further analysis by a human is often still required. But that's already happened; the job is as much mechanic/plumber and medical practitioner. They still require human expertise, though, to follow up on crazy results to determine whether they are an instrument malfunction, collection/prep error, or result of disease.

The next step is well underway: reduction of tests to bedside instruments and antigen/antibody tests on a card are making once more exotic tests routine, and will further reduce the need for large analyzers with trained people to run them and verify the results.

Re: collection, I have a hard time imagining blood collection by a robot. I know they have come up with some kind of handheld that lets the operator "see" the size and direction of the vein. But that doesn't give you the depth or the elasticity that palpating does, nor does it show surface markers indicating that a given spot has been heavily used and could use a break. And it still requires an operator.

I can't imagine a robot checking for which veins look most promising, preparing that location, etc. And I can't imagine a robot entering an ICU at 5am, waking a patient, finding the one tiny spot that still can give some blood, etc. Also soothing a stressed out patient who has had enough and doesn't want to be poked again, or whose veins shut down mid-stream. There are areas of collection that require a kind of finesse that really requires a human.

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Response to bernt-toast (Reply #5)

Thu Jan 12, 2017, 05:25 PM

10. Isn't that

 

What the rest of us call disability? I notice your typing finger seems to be working okay.

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Response to Slayer (Reply #10)

Thu Jan 12, 2017, 07:04 PM

11. no. it's what is called "early retirement," which is open to everybody who has worked enough years

with enough income. Social Security at 62 (or 63, 64 or 65) instead of full retirement at 66 (for my age group).

Plan A was work full-time until 66, then possibly p/t per diem until 70. Plan B was start collecting social security at 62 and work p/t to supplement it. Now I'm working Plan C, which depends on selling my home.

Unfortunately I'm in a very rural, insular area with few employment opportunities and jobs going to people who are "connected" which I am not. The lab is owned by a chained, so every hospital but one withing commuting range is owned by the same lab.

I applied to any number of jobs when they dumped me last fall, mostly temporary for the holidays to keep me going. But coming into winter in these parts, a lot of everything shuts down, and most of the temp jobs required being able to lift 70 pounds. I'm a 63 year old, small woman. Can't pick up 60+5 of my weight now. Not after a lifetime of mostly desk jobs and no heavy lifting jobs.

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Response to bernt-toast (Reply #11)

Thu Jan 12, 2017, 07:19 PM

12. Why can't you go to work for labcor then?

 

Or whomever owns the labs where you are.

Why can't you become connected?

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Response to Slayer (Reply #12)

Thu Jan 12, 2017, 07:29 PM

13. I have no idea what labcor is...

but the lab chain I worked at dumped me. I had tried the year before to get in per diem at the lab 45 minutes to my north, so I'd be working at 3 labs (the hospital lab, the urgent care lab and 1 more would make have given me enough work). The year before, the manager of that lab was ready to talk to me, but I suspect the regional director blocked it.

Anywho, their treatment got pretty ugly at the end.

If I'd been able to sell my house fast enough, I would have considered "traveling" for a while, but now I've been out of it too long so it would just be too difficult to get back into it. I burned myself out working while in school, graduated summa cum laude, ran myself into the ground working 2nd and sometimes 3rd shift. The 14 hour shifts are brutal...I just can't do it any more.

I have some other ideas I want to do anyway, on my own. Just need to sell my house and restructure first. I spent the last year cleaning up and organizing 14 years of stuff, got it on the market in September, had numerous showing in September and then everything shut down for the winter. Now I'm spending the next couple months packing everything but a small amount of clothes, dishes and furniture. It will happen...hopefully this spring.

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Response to bernt-toast (Reply #13)

Thu Jan 12, 2017, 07:35 PM

14. Well best of luck to you.

 

Sounds like you have a plan and are working it.

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Response to Scary Red (Original post)

Thu Jan 12, 2017, 01:55 PM

7. By % of the population

I am going with FDR. Of course Hitler and the Emperor of Japan had a little to do with it.

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Response to Scary Red (Original post)

Sat Jan 14, 2017, 10:15 PM

16. Uhhh......Sorry.......You need facts..... I assume you can count.

Just the facts. When 'Obama took office

https://www.bls.gov/news.release/archives/empsit_02062009.pdf
142,099000 employed

Latest before he leaves
https://www.bls.gov/news.release/empsit.nr0.htm
152,111,000 employed

Home Ownership.....

67.2 When he became president......63.? When he leaves

http://www.census.gov/econ/currentdata/dbsearch?program=HV&startYear=2009&endYear=2017&categories=RATE&dataType=HOR&geoLevel=US┬ČAdjusted=1&submit=GET+DATA&releaseScheduleId=


So tell me about wage growth and who actually saw the most wage growth under Obama. Tell me if the wealth gap is lower or higher under Obama.

He got Osama, but he let Snowden go........Which is worse?

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Response to ibtruthin (Reply #16)

Sun Jan 15, 2017, 03:57 AM

18. I wasn't talking about job quality, home ownership, or Snowden...

I was simply quoting a few numbers to show that Obama's economic grades aren't as terrible as they are made out to be by some.

And, even by your numbers, around 10 million more were employed at the end of his terms, so what's the problem?Yes, wage pressure is downward, and that's partly due to immigration, but only a small part. Car dealerships are crying for "A" mechanics, and you can't get a decent tool&die guy around here for any amount of money. And few of the kids want to go into the building trades, so you get Hispanics doing framing and roofing and just about all the yardwork.

Home ownership? That's a bit more complicated. Foreclosures were catching up to the last mortgage giveaways, housing prices are increasing faster than wages, and more people were living in their cars. Until they lost their cars, too. I have no idea where it will end, but in my area, the median home price is now $365,000, with the median family income $86,000, and the median per capita income $36,000.

Your brain will explode if you try to figure out what's happening with rental housing around here.

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Response to Scary Red (Reply #18)

Sun Jan 15, 2017, 11:00 AM

19. I was correcting your numbers, with an editorial.

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Response to Scary Red (Reply #18)

Sun Jan 15, 2017, 12:38 PM

20. By government provided numbers Reagan clearly defeats Obama .

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Response to Scary Red (Original post)

Sat Jan 14, 2017, 10:22 PM

17. ok



pumpkinfaced pisswhistle made me laugh.

Thanks!

on the jobs front though, we will have to eventually deal with the fact that

the robots are coming!

the robots are coming!

Because automation is going to kill tons of jobs like video killed the radio star.

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Response to Scary Red (Original post)

Tue Feb 14, 2017, 02:46 AM

21. It was First a Secrete ...But Now it's Good News

 



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