The graph to the left illustrates job growth ending in March of 2011. A year later the economy is still growing. Every quarter of his Presidency there has been job growth compared to the lows of Former President Bush.
To realize the crash was foretold by the job losses long before October 2008 is compelling. Based on that reality there is absolutely no reason to believe President Obama isn't one of the most prolific job creators since Bill Clinton. There is indication a jobs downturn will occur.
"In April, our largest gains (click here) — 62,000 new jobs — were in good-paying business and professional services careers, meaning more architects, engineers, computer programmers and consultants are finding jobs. Also, we added another 19,000 manufacturing jobs in April. After losing millions of good manufacturing jobs in the years before and during the deep recession, the economy has added 485,000 manufacturing jobs in the past 26 months....
He noted there was far less job growth under Bush's economy than under that of President Obama.
The standard estimation for job growth in the USA is 200,000 to 250,000 per month to keep up with population growth, etc. Under the Bush Administration of 2001-2009 the 'median' job growth was about 130,000 per month. Sometimes it was less, but, it never reached 200,000. It is not fair to compare the growth of job creation under President Obama to goals this country has't reached in over 12 years.
I don't know how many times on this blog I have stated, the jobs lost, nearly 2 million after the crash, are GONE. They aren't coming back. President Obama is pushing new technologies, new areas of growth in order to transition the USA into growing. These jobs are sincerely CREATED. They have been stimulated and incentivized and funded through the Small Business Administration to encourage growth in the USA that has never existed before.
What is even more amazing is President Obama has done this nearly impossible task while withdrawing from Iraq and upholding regulations that protect the lives of Americans and their national treasures. President Obama never compromised the morality of American values during his entire time in office to date. He never will. He is that kind of man. He holds dear to all the values we care about the most. President Obama is a remarkable President. There isn't any President that has out performed his record in the face of the second, most major economic collapse in the history of the country.
The fact of the matter is, the Great Recession was actually the Second Great Depression. When it occurred the depth of the economic loss to the USA was unestimated by everyone. In addition to underestimating the depth of the economic collapse, no one expected what then occurred afterwards; the financial sector abandoned the USA economy in droves. They took their bailout monies and went elsewhere. Now, we are seeing the fruit of the direction the financial sector chose and it is manifested in an elaborate and exclusive fiberoptic cable to exploit the financial markets even further. Even if the average investor wanted to take advantage of this faster cable connection, it is not possible. This exclusive cable line is directly due to the monies the financial sector garnered after the global economic collapse of 2008, which started under Paulson in at the very least 2007.
Money is finite. There is not an unending supply of it. Not really. And when the Fed prints more for Quanitative Easing, the new bills go directly to the sequestered financial sector. So there is no sense in seeking a QE3. It will do nothing to improve hiring. More money in the hands of people that are focused on exploitative opportunities are not interested in long term growth that actually builds economies with sustainable jobs.
