Bloomberg says almost two-thirds of private job creation over the past 50 years has come under a Democratic administration. Non-government jobs jumped by 42 million in the 23 years with a Democrat in the White House compared to 24 million jobs in the 28 years with a Republican president.
Clinton’s eight-year tenure accounted for half of the Democrats’ total private employment gains over the past five decades. More than 60 percent of the Republicans’ increase came during Reagan’s two terms in office.
Republicans, campaigning on pledges to cut government spending and programs, had a relatively better record at creating public-sector jobs. Since January 1961, federal, state andlocal government employment grew by 7.1 million under Republican presidents and 6.3 million when Democrats were in the White House. Government agencies added an average of 21,000 jobs per month under Republicans, compared with 22,000 for Democrats.
Post a Comment