Democrats have job-creation edge
The June 25 issue of Chemical and Engineering News (Vol. 90, No. 26, page 4) included a letter to the editor that cited some striking facts. The author, Michael Heylin, states that an analysis of job-creating performance of the 15 administrations between 1945 and 2008 shows that Democrats enjoyed a sustained and substantial advantage over those 60 years.
• 46.4 million private economy jobs added during the six Democratic administrations (average 7.5 millon/four-year term).
• 25.6 million private economy jobs added during the nine Republican administrations (average 2.8 million/four-year terms.
• 21 million in two Clinton terms; 3.3 million in second Reagan term (strongest Republican term); 1.0 million in three Bush terms.
• 8.9 million decline started in January 2008: 4.7 million in second Bush term; 3.2 million in first four months of Obama term; 1.0 million before the decline bottomed out in February 2010; 4.0 million jobs added in Obama term since February 2010.