By now I'm sure you've seen the chart popping all over the internet showing jobs decreasing under Bush and everything turning around bright and sunny under Obama. If you haven't here it is:
First thing off the bat that caught my eye was how they start the chart at Jan 2008. This is well after Democrats took control of both the House and Senate and had plenty of time for their policies to begin taking effect.
Then I noticed it stopped at March 2011, why? The data is available well after that date, why stop showing how well Obama has been doing. Oh wait, in April 2011 job growth fell another -190 and in June 2011 it feel another -445.
(numbers in thousands)
We took a hit after 9-11 and you can see the economy was unstable going into 2002 but Bush with Republican control kept the country headed in the right direction.
It wasn't until well into 2006 after Democrats swept the house and senate that we saw any real down turn.
In 2010 the government dumped a ton of money into the economy with the American Recovery and Reinvestment Act of 2009, otherwise known as the Obama stimulus. One of the criticisms of the stimulus however is that the money spent will be divided over several years, we're currently in those years. What happens when the spending stops?
Of the 3,669,000 jobs created since 2010 how many are permanent that can sustain themselves without government having to take wealth from others to create the impression of job growth?
The other factor this chart doesn't account for is underemployment. This would be someone working at a high paying job who became unemployed settling for half or even less of their current salary just to get back to work.
The other question to ask is at what cost are the jobs we're seeing coming at? Obama's new budget has nearly 1 trillion in deficit spending, a debt that will be passed on to our children. And even with this out of control spending we still have over 4.6 million jobs still to be created just to get us back to close to where we were before Democrats took control of the House and Senate.