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Originally posted by Beanskinner
reply to post by TheTardis
Bush did cause this slow down, nearly 1 million jobs a month being lost.
I read some of your posts and they sound delusional, no wonder BUSH
Able to mismanage the country so poorly for so long. So many clueless
Americans
Bush did cause this slow down, nearly 1 million jobs a month being lost
Sen. Harry Reid falsely claimed that 8 million jobs were lost during the Bush administration. To the contrary, there was a net gain of 1 million jobs under President George W. Bush. It's true that more than 8 million jobs were lost as a result of the recent recession — from the job peak to trough — but only about half of those were lost under Bush.
The Nevada Democrat also falsely claimed that Bush turned a projected surplus of $7 trillion over 10 years into a $14 trillion debt. The fact is Bush inherited a $5.7 trillion debt, which became a $10.6 trillon debt.
Bush did cause this slow down, nearly 1 million jobs a month being lost.
But Reid's numbers are wildly inaccurate for the Bush administration. BLS data show there was a net increase of nearly 1.1 million jobs — not a job loss — from January 2001 to January 2009.
It's true that roughly 8.75 million jobs were lost from January 2008 to February 2010. But about half of those losses occurred during Obama's presidency. BLS data show that 4.4 million jobs were lost in Bush's last year in office, and 4.3 million more jobs were lost during Obama's first 13 months.