President Trump in his first term in office and so far in his ninth month of his second term continue the terrible job creation record of past GOP administrations for the past 96 years. The record goes back to GOP President Herbert Hoover who was elected in 1929. So, there is precedent and a historical record of job creation during that period of both Democratic and Republican administrations that allow one to project what job creation will look like during future administrations. That is the criteria PolitiDose commentary has used to correctly predict what job creation would take place on Bush 43 watch, Obama's watch, Trump's watch and Biden's watch. And also, what is taking place in Trump's second term so far this year.
During that 96 year period from the Hoover administration to the Biden administration, only two administrations lost jobs and both were Republicans Hoover who lost 6.4 million jobs and Trump who lost 2.7 million jobs during his first term in office. The job creation record of those Presidents are as follows: Hoover lost 6.4 million jobs; Roosevelt created 16.2 million jobs; Roosevelt/Truman created 8.2 million jobs; Eisenhower created 3.5 million jobs; Kennedy/Johnson created 16,4 million jobs; Nixon/Ford created 11.2 million jobs; Carter created 10.3 million jobs; Reagan created 16.1 million jobs; Bush 41 created 2.5 million jobs; Clinton created 22.7 million jobs; Bush 43 created 1.3 million jobs; Obama created 11.3 million jobs; Trump lost 2.7 million jobs and Biden created 15 million jobs.
Those GOP Presidents served 44 years and created a net 25.5 million jobs after subtracting their lost jobs. Those Democratic Presidents served 52 years and created a net 100.1 million jobs without any lost jobs. Those GOP Presidents created a yearly total of 579,545 jobs a year. Those Democratic Presidents created a yearly total of 1,925,000 jobs per year. Reagan was the best GOP job creator and created more than half of all GOP jobs. Clinton was the best Democratic job creator and think of this. Clinton created more jobs in just EIGHT YEARS than Reagan, Bush 41, Bush 43 and Trump created in the TWENTY FOUR years they served. And Reagan, Bush 43 and Trump cut taxes for you know who that was supposed to create so many additional jobs. Clinton raised taxes on those same folks and the GOP said it would kill jobs, yeah, right. Reagan was the only GOP President during those years that left office with a lower unemployment rate than when he took office. Another indication how terrible the GOP are at creating jobs. Every Democratic President with the exception of Carter left office with a lower unemployment rate than when they took office. The unemployment rate stayed the same on Carter's watch. Every GOP administration in the last 100 years has given the country an economic recession. Trump said he would create 25 million jobs in his first term and never came close, not even before the recession and the COVID pandemic hit. Last week the Labor Department announced that so far this year Trump's job creation has average less than 70,000 per month. Trump has now been President for 56 months and job creation is still in minus territory to the tune of almost 2 million lost jobs.
One of the sad outcomes of those 96 years of precedent and historical facts is the media's enabling the GOP talking points of Democratic administrations being job killers. They just went with the flow of GOP lies and misinformation without reporting the actual facts on job creation. And one of the worst is the New Orleans Times Picayune/New Orleans Advocate. Louisiana's little child representative in congress Steve Scalise has over and over again accused Democrats of being the party of job killers and of course the newspaper always runs with the story and never points out the true facts and just lets the lie continue. It's like they are not aware of the factual numbers which are published by the U.S. Department of Labor. And to think it is the media who tells us they have the duty to inform the American people.
The 96 year record of precedent and historical facts tells the story of a Republican Party who are terrible at creating jobs and keeping unemployment low and keeping people working. Their lies and misinformation may be believed by many but it does not change the facts or put America to work or change the well being of people. PolitiDose commentary will continue to predict the future based on precedent and historical truths. It is really nothing new as the world's very first civilization, that of the Sumerians said 6,000 years ago, "The key to a better future is to understand the mistakes of the past. Otherwise, the future will look like the failed past."
And as of this writing, the GOP's future looks like the failed past of the last 96 years.
This commentary written by Joe Lorio
Note: Job numbers and unemployment numbers taken from the records of the U.S. Labor Department.
