Facts And Figures Of Job Creation, Spending, And GDP Growth In 10 Bullet Points

1. Since 1932, Democratic Presidents have created 73.4 million new jobs, Republicans have created only 34.8 million.

2. To put it in perspective, it took Barack Obama 39 months to create more jobs (3.9MM) than last 3 presidential republican terms did in a combined total of 12 years or 36 months (3.7MM).

3. Bill Clinton created more jobs in 2 terms than all the terms of the following five Republicans did altogether: Eisenhower (2.74MM), Nixon (9.18MM), Ford (2.07), Bush I (2.59MM), and Bush II (1.31MM).

4. Last three liberal presidents, Carter, Clinton, and Obama have created more jobs (37.38MM) in 4 terms than last six republicans, including Reagan, did altogether in 10 terms (33.69MM).

5. In last 50 years alone, non-government payrolls in the U.S. swelled by almost 42 million jobs under Democrats, compared with 24 million for Republican presidents, according to Labor Department figures.

6. Democratic presidents accounted for an average of 150,000 additional private-sector paychecks per month over that period, more than double the 71,000 average for Republicans.

7. Most recently, private employers have added an average of about 900 jobs per month since Obama’s inauguration. During the two terms of his predecessor, Republican George W. Bush, private payrolls shrank by an average of 6,700 jobs per month.

8. Democrats though have been better at being Republican than Republicans. The only payroll that shrinks under Democratic Presidents is federal, state and local government.  That employment grew by 7.1 million under Republican presidents and 6.3 million when Democrats were in the White House.

9. Democrats have operated a high-power private industry job creation machines through reduced spending and strategic investments. Democrats spend far less; spending breaks down as $35 billion a year under Democratic presidents and $60 billion under Republicans on average. If you assume that it takes a year for a president’s policies to take effect, Democrats have raised spending by $40 billion a year and Republicans by $55 billion. Thus, the GOP is more responsible for the debt that we have amassed, lowering our credit rating.

10. Democratic presidents not only created twice as many jobs, through liberal initiatives such as minimum wage and other regulation, Democratic presidents have a much better track-record for making every income bracket more prosperous. In last 70 years alone, GDP rose 12.6% under Democrats versus a GOP increase of 10.7%. From 1960 to 2012 the gross domestic product measured in dollars rose an average of $165 billion a year under Republican presidents and $212 billion a year under Democrats.

Sources:  Washington Post |  International Business Times | Bloomberg