A Tale of Two Charts: Bush Tax Cuts Created Jobs – Unlike Obama’s Spend Your Way to Hell Plan

A Tale of Two Charts–
The Bush tax cuts created jobs.

The Bush tax cuts in 2003 created 8.1 million jobs. (Investors)

Investor’s reported:

From June 2003 to December 2007, the economy added 8.1 million jobs, according to the Bureau of Labor Statistics. The unemployment rate fell to 5% from 6.3%. Real GDP growth averaged close to 3% in the four-plus years after that, and the budget deficit fell steadily from 2004 to 2007.

And despite Obama’s claim, Bush’s policies did not increase income inequality. In fact, inequality was the same when Bush left office as when he came in.

Unfortunately for America, Barack Obama’s ‘Spend your way to hell’ plan did not have similar results.

Since the trillion dollar Obama-Pelosi stimulus was passed the labor force participation rate has dropped to a 29 year low. (RSC)

Since Obama took office the labor force has shrunk from 66% to 63% as almost 5 million American adults stopped looking for work.
The Republican Study Committee reported:

Democrats said their costly plan ($1.2 trillion, including interest) would “save or create” up to 4 million jobs and bring the unemployment rate down to about 6% today. The unemployment rate has not fallen below 8% at any point in the last 36 months. Furthermore, the official unemployment rate does not actually count unemployed people who have given up looking for work.

The above chart shows the “labor force participation rate.” This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!

Here’s another way to look at it…

(Zero Hedge)

Remember this the next time you hear Obama spout off about how Bush did not create jobs.

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  • bigkahuna

    Liars…. Those charts are facts that dont show anything…

    Bush’s fault

  • bigkahuna

    I forgot… you are Racists !

  • Ann In L.A.

    When I look at those charts, I like to look at the point during the summer of 2008 when the polls permanently shifted towards Obama, when it was clear McCain wasn’t going to run any kind of winning campaign, and that Obama would be the next president. By about mid-August, the election was pretty much over and done with.

    Now, pull up a chart of employment and see the level line of a no-growth employment situation start dropping off the cliff right around mid-August 2008.

    In other words, as soon as the writing on the wall came into focus, employers headed for the hills.

  • Carole Ray

    @bigkahana….and you have absolutely nothing intelligent to say…racist, really? based on what….obeyme’s failure? the dumpocraps failure and determined efforts to bankrupt American once they got a hold of Congress in 2006?? I couldn’t care less if obeyme was a little green man from Mars, he’s incompetent, surrounded himself with incompetent academic eggheads, it looks good on paper therefore it must work…AND he’s a flaming marxist, muslim!!!

  • SoWhat

    Oh boo hoo, since you are probably very racist yourself. Bomb-out boy couldn’t get anything right in D. C. Obummer needs to go with all his little robot followers so this country can get back on track to prosperity.

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  • kato

    Turning America into one big Detroit.

    They destroy everything they get control of. The arrogance doesn’t compensate for the stupidity.

  • bigkahuna

    Sorry I should have added sarcasm note…. Those are the things libs will say… Its Bush’s fault and its racist to blame Obama…

    Obama is a disaster but also if people remeber and take note it was in 2006 when Libs took over control of congress and larger and lager deficits and idiotic regulations began.

    Add this to the disaster that was the community reinvestment act that forced banks to lower loan standards for minorities and poor people to be able to buy a home and Freddie and Fannie buying up most of these loser loans….and you get a complete and total collapse laid on the libs doorstep

  • http://mychal-massie.com/premium/ bg


    haven’t known of a progressive tyrant who
    didn’t charter a scorch Earth policy, you??

    [rhetorical question]


  • Sasja

    Bammy knows jobs were created. He doesn’t care. Creating jobs is not on his agenda. Punishing and destroying America is. I’ll bet he thinks he’s pretty much right on tract in those regards.

  • Jaimo

    I was gonna say, isn’t BigKahuna one of the good guys. Thanks for clearing that up. Monday mornings suck.

  • http://mychal-massie.com/premium/ bg
  • http://mychal-massie.com/premium/ bg
  • Patty

    I have never forgotten and it would be a good thing if the voters don’t come Nov.

  • Patty

    ‘Oh Yes We Did’: 3 of 4 Americans Believe Small Business Owners Did It Themselves–Rasmussen


  • Patty


    Huma Abedin Under Federal Guard After Michele Bachmann’s Muslim Brotherhood Charges, Threats

    Police and federal officials have placed security around ex-Rep. Anthony Weiner’s wife, Huma Abedin, after a New Jersey man threatened her, law-enforcement sources said.

    An individual, described as a Muslim man, made the unspecified threat after Rep. Michele Bachmann (R-Minn.) last week claimed Abedin’s family had ties to the Muslim Brotherhood and asked for a probe to see if she is helping the Islamist organization.

    The man was questioned by the NYPD and the State Department and has not been charged, sources said.


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  • owl

    Bigkahuna…………I got it immediately but #4 probably has not read you before.

    #4 Good point about 2006. I keep wanting a flashing arrow over that date that says Pelosi/Reid. Of course, I have never bought (even from the right) that this is Bush’s fault.

  • Patty

    OT but have you wondered about this:

    Crovitz: Who Really Invented the Internet?

    As for the government’s role, the Internet was fully privatized in 1995, when a remaining piece of the network run by the National Science Foundation was closed—just as the commercial Web began to boom. Economist Tyler Cowen wrote in 2005: “The Internet, in fact, reaffirms the basic free market critique of large government. Here for 30 years the government had an immensely useful protocol for transferring information, TCP/IP, but it languished. . . . In less than a decade, private concerns have taken that protocol and created one of the most important technological revolutions of the millennia.”

    It’s important to understand the history of the Internet because it’s too often wrongly cited to justify big government. It’s also important to recognize that building great technology businesses requires both innovation and the skills to bring innovations to market. As the contrast between Xerox and Apple shows, few business leaders succeed in this challenge. Those who do—not the government—deserve the credit for making it happen.


  • bigkahuna

    No worries…. I can see that people can mistake it if they dont know me or my humor.