Rooney D&D Banner v.2

donovan ad


A Historic Jobs Failure

By Matt Rooney | The Save Jersey Blog

Obama Inaugural 2013We’ve all heard that the current U.S. unemployment rate is the exact same as four years ago in January 2009: a persistently high 7.8%. It represents zero progress since “change” and “hope” came to Washington. None. Zilch. Nada.

Damning, wouldn’t you agree?

The President’s defenders (quite a few of whom served an on-air analysts for yesterday’s inaugural ceremonies) are quick to point out that he inherited a MASSIVE financial and economic mess, one which it will take time to remedy. But we’re headed in the right direction. Moving forward. Winning the future.

Blah blah blah.

Facts are stubborn things, Save Jerseyans. A very basic historical analysis, resting upon government statistics generated utilizing identical mathematical formulas, should settle this argument for any honest broker. Let’s look at the last two American Presidents who inherited significant economic downturns…


Ronald Reagan at the 1980 DebateJanuary 1981: 7.5%

January 1985: 7.3%

January 1989: 5.4%



Bill ClintonJanuary 1993: 7.3%

January 1997: 5.3%

January 2001: 4.2%

So in real terms, folks, President Obama is performing (1) much worse than Bill Clinton and (2) marginally worse than Ronald Reagan based solely on his “U3″ first term unemployment rate. If we look at the U6, this is the longest period of high, sustained unemployment since the Great Depression that ended 70 years ago (see our discussion of labor force participation).

But let’s dig a little deeper in order to clearly explain why Obama’s performance has been so much worse than Reagan’s. In short, Reagan had a proportionately bigger hole from which to dig out. Job growth during Ronald Reagan’s first term was nevertheless far more robust than throughout Barack Obama’s first four years.

How much better? Total U.S. employment increased by 6.61% between 1981 and 1985; total employment FELL between 2009 and 2013 by 0.04% (h/t RealClearMarkets). By the end of September 1983, the American economic engine was cranking out 1.1 million new jobs per month. The U.S. economy added just 155,000 jobs in December 2012, a number barely at-or-above replacement level (i.e. the amount of jobs needed to compensate for gross loses and population growth). Unemployment was steadily dropping by the time Ronald Reagan took his second oath of office. Under President Obama, the U3 is stagnant and the U6 continues to soar.

What gives? President Obama’s economic policies! More federal debt accumulated than every other president from Washington through Clinton combined. An avalanche of job killing regulations… 68 new ones per day. Sizable tax increases on the Middle Class (after he promised to prevent them). And a complete unwillingness to tackle the “big issues” like entitlement reform which every expert agrees is essential to averting a fiscal disaster.

Obama-era policies — notably the tax changes contained in the monstrous ObamaCare package — starkly contrast with Reagan-backed initiatives like the Economic Recovery Tax Act of 1981. The end results speak volumes concerning whose philosophy engenders growth and whose ideology produces stagnation. 

No spin. Not “partisan” or personal. Just numbers. Share’em with your favorite office liberal and dare them to defend President Obama’s jobs record with a straight face.


36 comments on “A Historic Jobs Failure

  1. Linda Karrais Smith says:

    true so true

  2. and the funny thing is the Jokster and his clown are back again making the same damn promises..go figure

  3. [...] and the other Save Jersey contributors have expended endless amounts of digital ink detailing (not just declaring) the reasons why Barack Obama’s Administration is a historic jo… The mainstream media, in turn, parroting the Obama Administration line that our economy was in [...]

  4. [...] Will Sen. Buono celebrate the news, too? Or will she say it’s not good enough? Criticism which I never heard her offer when Jon Corzine or Barack Obama were seeking reelection in rough economies? New Jersey’s unemployment rate reached 9.7% in October 2009 after a full year of Obama and Pelosi’s policies and four years of Jon Corzine’s foolishness; by that comparative measure, Chris Christie is performing much better than his Democrat contemporaries, particularly the current occupant of 16000 Pennsylvania Avenue. [...]

  5. […] American college graduates can only imagine what it’s like to be “plagued” by two decades of historically low unemployment rates attributable, in large part, to President Reagan’s policy […]

  6. […] can play dumb and ignore the difference between a U2 and U6 unemployment rate or the poisonous impact of their own policies; it’s a whole lot harder to ignore THIS scene […]

  7. hey there says:

    hey there

    How can I get the computer in one room to send stuff to the printer on my computer in another room. Internet?

  8. 2014 military pay chart

    Right on!

  9. supplier dropship

    What classic books should I read to improve my creative writing?

  10. conference says:


    Interesting views on that!

  11. mengatasi jerawat batu

    Is there a degree that exists for use of music AND creative writing two fields? If there is, do you know the name of it?. . I want to combine these two of my interests (loves) but I don’t know what kind of degree offers the use of both.. . Please help…

  12. how to become a real estate agent

    In Blogger’s new Template Designer there is no template which contains fluid width in for the text body. Does anybody know how to change to fluid width in the new templates? Any suggestions are greatly appreciated..

  13. deer antler spray

    Where online can an accredited psyciatrist post articles (or blogs) for them to become popular?

  14. mobile network

    It used to show at the top of my start list until I downloaded google chrome to see what it was all about, I didn’t really like it so I deleted it but now firefox isnt at the top of start. Any ideas?.

  15. adhd adult says:

    adhd adult

    I have been given a Dell computer from my sister. However, her former husband set up his account on this computer (says he cannot remember the password), making himself the only administrator. Now, I cannot add any programs ( like iTunes), nor can I de…

  16. app startup says:

    app startup

    For the “letter to the editor,” can one send his/her blog post to the editor. The instructions say: “Letters to the editor should only be sent to The Times, and not to other publications. We do not publish open letters or third-party letters.”. . D…

  17. baju batik murah

    How do you start a blog? And what is the best way?

  18. lebon coin says:

    lebon coin

    How do you add more than one image per post to blogspot?

  19. bon coin says:

    bon coin

    I’m trying to build a membership website and people have told me that Joomla works best. I have downloaded Joomla and don’t know what to do from there. Any help would be greatly appreciated. Does this cover PHP as well or do I need to download that?.

  20. food allergy testing

    It is very annoying to me that Firefox always opens mp3, wmv, mpg and opther file types in the browser window. Is there a way to set it to always open these files in winamp, VLC player, or anything else?.

  21. beats for sale

    I hosted my new site from powweb, and did a little work on it, then I downloaded joomla and I am navagating through joomla trying to find how to upload my material from powweb? I tried to get into powweb website maker and it doesn’t work… obviously…

  22. debt consolidation

    What joomla component would you recommend for member photo uploads?

  23. compare health insurance

    How do i start a blog? Are there any websites that can provide step by step directions?

  24. model baju untuk wanita gemuk

    I have a blog made with Blogger and it has Blogger logos at the top.. I’ve seen Blogger blogs without them, and it makes them a lot cooler..

  25. driving lessons brisbane price

    I need to find blogging websites that deal with legal issues such as contracts, wrongful death claims, fraud, etc. I don’t even know where to start looking. Any advice would be appreciated.. . Thanks..

  26. bachelorette party ideas

    It didn’t used to, the Specs are Nvidia 5500gt, 1gb RAM, so on, I know it’s not the latest computer out there, it’s mostly for playing very old games or surfing the internet. The computer automatically restarts at the beginning of a streaming video,…

  27. tas vintage bunga

    Is there free software or online database to keep track of scheduled blog posts? I would also like it to keep a record of past and future posts. I am trying to avoid creating a spreadsheet in Excel..

  28. web design houston

    I love to write. I mean, I really love to write. It’s probably the only passion I have stronger than love. But I need to know what college to go to.. . What college should I go to for Creative Writing?.

  29. tas ransel distro

    How do I start a website for free or cheap?

  30. better health

    How do i make firefox my main browser for windows live messenger?

  31. Cara Alami Agar Hidung Terlihat Lebih Mancung

    I have just spent the last few months creating a blogging website from scratch and i am launching on Monday. I was just wondering if anyone knew some free ways to get it noticed on google or through fan pages or something, other cheap options would be…

  32. bachelorette party ideas

    I just installed a new itunes on a different computer, and I want to manually sync some videos to my ipod. What I need to know if if I plug my ipod into the computer(which is FILLED with my music) will it start to synchronize right away to the empty it…

  33. 10 000 btu window air conditioner

    Is it possible to hide certain blog posts on Blogger? If so, how?. . I know that I can save my post as a draft, or have it scheduled, but what I need is to hide my post for a giveaway but still have certain followers be able to access it through a link…

  34. tas wanita korea

    I am a young software professional and indie game developer. I have developed some contents but hasitate to send for publication . I think I should not proceed without obtaining licensed softwares and copyright of the content. An experienced guidance w…

  35. colocation los angeles

    i am setting up A web portal for my business. and i want to know the copyright guidelines, specifically the legality of copying other articles from other websites. in other words, is it ok to copy an article from another site and paste it in my site (…

  36. website design houston

    Everyone says you can’t move a primary Tumlbr blog without deleting the account, but what about a secondary blog? I have two accounts, one that I use and one that I just started. I don’t use the primary blog on the old one, but I do use a secondary b…

Leave a Reply