Thursday, January 10, 2013

Karl Rove fondly recalls the good old days when George W. Bush was in charge of the economy

U. S. President George W. Bush (2nd L) hosts a meeting with U.S...Congressional leaders to discuss differences between the parties while..working on a national energy policy in the Cabinet Room of the White..House, September 17, 2003. From L-R are: Rep. B Karl Rove drops a bombshell about President Barack Obama:
More Americans are unemployed, dropping off payrolls, and falling out of the labor force as President Barack Obama begins his second term compared to when he was first sworn into office.
And he's got the numbers to prove it!
Karl Rove chart compares Inauguration 2009 with Inauguration 2013, claiming 358,000 fewer people have jobs Whoa! Obummer sure is a miserable failure, isn't he? Fewer people with jobs today than when he was inaugurated. Gosh, can't wait for President Rubio or President Santorum or President Ryan to bail us out. Sheesh!

Yeah, except Karl Rove's numbers have a wee bit of a problem. They aren't from the day President Obama was inaugurated. They aren't even from the January 2009 jobs report (which reflects employment as of January 12, 2009). They are from December 2008:

Rove Chart actually uses data from December 2008 despite As far as I recall, Karl Rove's old boss was still president back then. In fact, President Obama wasn't inaugurated for another six weeks. And if you compare the January 2009 numbers to the most recent numbers, it turns out nearly a half-million more people are working today than were working back then. Why such a big shift? Because we were losing nearly 800,000 jobs per month back then.

Nobody in their right mind would argue that we should be pleased with where things stand right now, but it's even crazier to argue that we're not better off today than we were back when George W. Bush was in office. And let's not forget that the Republican solution to our present-day problems isn't grounded in reality. Republicans (with too many Democrats following their lead) argue that our problem is spending. But the reality is that the private sector has actually grown by over one million jobs since January 2009 while the public sector has lost a half-million jobs. If we have a short-term spending problem it's that we're not spending enough'not that we're spending too much.

Unfortunately, there's no way to have a rational conversation about that with today's Republican Party. They're still too busy thinking of W.'s last months in office as the good old days.

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