Showing posts with label Bush. Show all posts
Showing posts with label Bush. Show all posts

Tuesday, July 10, 2012

The Deceptive Argument That Bush Was Losing 750,000 Jobs A Month Before Obama Took Office

Over and over, again, Democrats, such as the DNC Chairperson, Debbie Wasserman Schultz, keep repeating the fact that, before Barack Obama took office, George Bush was losing 750,000 jobs per month; somehow thinking that, by quoting that job loss number, you would believe that Obama had managed to turn around a terrible unemployment situation.

But, what is not being told is the fact that the unemployment rate was still only 7.2% when Bush left office.   From there, the unemployment rate rose to a 26-year high of 10.2% under Obama.  This despite the fact that he had promised that his stimulus package would keep the rate below 8%.  Yet, for the last 41 months in a row, unemployment has stayed above 8%; a post-World War II record.  And, that's a horrible fact that the Democrats are trying to hide with that 750,000 a month job-loss deception.