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From Herman Cain about Bush
Last comment by timeontarget 3 years, 3 months ago.

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Sources: U.S. Bureau of Labor Statistics, U.S. Bureau of Economic Analysis, U.S. Treasury Department, U.S. Department of Agriculture, U.S. Social Security Administration

JOBS - At the end of President Bush’s first term, total non-farm employment in the U.S. consisted of 104,000 fewer jobs than when he took office in January 2001. At the end of President Obama’s first term, total non-farm employment in the U.S. consisted of 970,000 fewer jobs than when he took office in January 2009.

UNEMPLOYMENT - At the end of George W. Bush’s first term the U-6 unemployment rate was 9.3 percent, up from 7.3 percent in January 2001. At the end of President Obama’s first term, the real unemployment rate, meaning the number of unemployed or underemployed Americans, was 14.4 percent or 23 million people, up from 14.2 percent in January 2009.

DURATION - During President Bush’s first term, the average duration of unemployment was 17 weeks. During President Obama’s first term, the average duration of unemployment was 34 weeks.

PARTICIPATION - At the end of President Bush's first term the labor force participation rate was 65.8 percent, down from 67.2 percent. At the end of President Obama’s first term, the labor force participation rate was 63.7 percent, down from 65.7 when he took office.

FOOD STAMPS - In January 2005 roughly 25 million people participated in SNAP. About 17 million participated in the program in 2001. Under Obama, individuals on food stamps grew from 32 million to 47 million.

DISABILITY - In 2004, the last full year of Bush’s first term, roughly 7.2 million people received disability benefits. The number of individuals receiving U.S. Social Security disability insurance payments in 2012 was 9 million.

GDP - The total increase in U.S. GDP during the first four years of President Bush was 9.4 percent. The total increase in U.S. GDP during the first four years of President Obama was 5.9 percent.

DEBT - At the end of President Bush’s first term the U.S. national debt was 64 percent of gross national product. The U.S. national debt was $7.6 trillion or roughly $26,000 per person. At the end of President Obama’s first term in office the U.S. national debt was more than 100 percent of gross domestic product. The U.S. national debt was more than $16.4 trillion, more than $52,000 per person.

Make sure you're following Clark Barrow on Twitter @ClarkBarrow

And all members of congress have steadily become more secure financially.





Latest Activity: Jan 14, 2014 at 4:53 PM


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gacpl commented on Tuesday, Jan 14, 2014 at 19:20 PM

Sources:
U.S. Bureau of Labor Statistics,
U.S. Bureau of Economic Analysis,
U.S. Treasury Department,
U.S. Department of Agriculture,
U.S. Social Security Administration

timeontarget commented on Wednesday, Jan 15, 2014 at 06:10 AM

JimmyMack, I understand what you are saying.

That is why I posted it as I did by Labeling it as coming from Herman Cain and leaving the last line of Cain's post which identified where Cain got it from, which was Clark Barrow on twitter @ClarkBarrow.

And gacpl saw the sources in the first paragraph.

Thank you both for your observation and commentary.

I certainly did not intend to give the impression of having created the piece.

timeontarget commented on Wednesday, Jan 15, 2014 at 06:17 AM

I suspect that Herman Cain is still a contender for elected office on the National level.

I would love to see him become President.

He has a track record of success in business and finance.

Unfortunately the biased media will paint him unfavorably.

And those who vote for hand outs will eagerly vote for the likes of an Obama.

timeontarget commented on Thursday, Jan 16, 2014 at 16:04 PM

Cain is stepping up the Facebook activity.

It will be interesting to observe this.


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