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Old 01-06-2018, 12:40 PM   #27
Clocker
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Join Date: Jul 2013
Posts: 17,095
This discussion of presidential job creation is nonsense. Presidents don't create jobs. Administrations don't create jobs. Congress doesn't create jobs.

Businesses create jobs. The administration and the Congress and many other factors contribute to an economic and political environment that does or doesn't encourage job creation by businesses.

The Obama administration did not contribute to a business environment that encouraged job creation. The actual number of jobs created sounds good, but are quite low in reality and in a historical context. Coming off a recession, the numbers should have been much higher. Jobs were created at a rate much lower than normal, and a major factor was uncertainty about government regulation, including ObamaCare, "bail-outs", taxes, EPA regulation, etc. Unemployment numbers under Obama were also improved on the face of things by record low work force participation rates.

From Forbes:
Quote:
On almost every measure examined, the 2009-15 recovery since the recession ended in June of 2009 has been the meekest in more than 50 years.
https://www.forbes.com/sites/stevemo.../#452641d42aea

Job growth under Trump cannot yet be judged. Until the tax cut, the administration and Congress did little in a positive way to actually stimulate the economy. The impact of the tax cut will be seen over the next year. The economic environment was improved simply by the fact that Hillary lost. The inaction of Trump and Congress on such measures as tariffs, NAFTA, etc., was also a positive, as were regulation cuts by Trump's executive orders.
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