Which Political Party Knows How to Create Jobs?

Mitt Romney recently criticized President Obama saying that we should be growing jobs at the rate of 500,000 per month

That sounds a lot like Newt Gingrich’s promise of $2.50 per gallon of gasoline if we elected him.

Only once — in 1978 — has the economy topped 500,000 jobs two months in a row and that was when Jimmy Carter was president … Obama had one such month in May of 2010 with 516,000 jobs. Reagan had one such month in 8 years of his presidency, and neither Bush ever hit this level. Clinton also got just one 500,000+ month.

Paper or plastic? Private Jobs Increase More With Democrats in White HouseBloomberg.

Since President Kennedy, private industry jobs growth has been much greater under Democratic presidents. Government growth records go to the Republicans.

Isn’t that the opposite of what we constantly hear?

While I remain a Reagan fan — his legend should be that he was a generally inspirational figure that was the right person at the right time — jobs creation under Reagan was strong but not any kind of record setter.

Jobs growth under the different presidents — although I am not sure that they all deserve credit/discredit for the jobs created — am not a political partisan:

Kennedy/Johnson 3.12%
Johnson 3.63%
Nixon 2.17%
Nixon/Ford 1.96%
Carter 2.3%
Reagan 81-84: 1.75%
Reagan 85-88: 2.53%
Bush 41: .69%
Clinton 93-96: 2.6%
Clinton 96-2000: 1.6%
Bush 43 ’01-04: .51%
Bush 43 05-08: .84%
Obama: .75%

Noting that jobs growth has slowed significantly since Clinton’s second term, what can we do to create jobs?

What can we really do?


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