Thursday, March 17, 2011

Presidential Job Creation

I ran across this old blog post about presidential job creation by Paul Krugman and I thought it was time for an update. We all know that politicians are the ones who create jobs in America, right? Right?!

Well, here is a graph of job creation under four presidential administrations (with Reagan/Bush counted as one to make the graph easier to read).

Click on the graph to see a full-sized version.

Obama - solid blue
Bush, Jr. - solid red
Clinton - speckled blue
Reagan/Bush - speckled red

It's a good thing Barack Obama is saving jobs, because he sure isn't creating them!

In all seriousness, Americans drastically overestimate the influence presidents have on the economy. However, people who are inclined to view everything through a political lens will mistakenly think this graph has actual meaning.

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