Jobs and Fiscal Responsibility: the Real Numbers

by Bright Knight

In his speech at the DNC Billy-Boy spoke lied to the audience about job creation by and fiscal responsibility of Democrats and Republicans. At my research I came across a very interesting post at facebook with facts, everyone should be aware of! "Just Preamble"'s post shows the real numbers, which party created more jobs and which party showed more fiscal responsibility:

Clinton and Obama are two of the best political speakers we’ve ever seen. Absolutely phenomenal. They are also two of the biggest bullshit artists we’ve ever seen. Apparently speaking eloquently and passionately grants license to gloss over facts and perspective.

For instance, at the DNC Clinton claimed that he always explains how Democrat Presidents are responsible creating more jobs and better fiscal responsibility with “a one-word answer: Arithmetic.” Virtually everyone realizes Congress implements the policies, procedures, and budgets. The POTUS is there to facilitate or impede their agenda. Knowing this, it’s important to point out; since 1961 Congress has been controlled by Democrats – 32 years (61.54%), Republicans – 10 years (19.23%), and Bipartisan – 10 years (19.23%). Keeping that in mind, here is some unbiased arithmetic:

Clinton claims Democrat presidents, since 1961, lead the private sector job score 42 million to 24 million in terms of job creation. However, if you look at labor force growth linked directly to Congressional control for the same time period, the results are substantially different. Average annual labor force growth based on Congressional control since 1961 is as follows:

Democrats: 1.34 million per year
Bipartisan: 1.56 million per year
Republicans: 2.13 million per year

www.bls.gov/webapps/legacy/cesbtab1.htm

Clinton also claims Democrat presidents are more fiscally responsible while drawing comparisons of his administration to GH Bush and GW Bush. Obama was conveniently left out of that Presidential comparison for the following reasons:

Clinton Administration
Starting National Debt: $4.19T
Ending National Debt: $5.73T
Years in Office: 8
Average Deficit: $192B

Bush Administration
Starting National Debt: $5.73T
Ending National Debt: $10.63T
Years in Office: 8
Average Deficit: $612B

Obama Administration
Starting National Debt: $10.63T
Current National Debt: $16.01T
Years in Office: 3.5
Average Deficit: $1.53 TRILLION

In reality, if you look at National Debt dating back to 1961 based on Congressional control, you’ll find “New Debt” to be attributed to the following:

Democrats: 51.17%
Bipartisanship: 28.66%
Republicans: 20.16%

Converting all dollars to 2012 dollars:
Democrats: 47.86%
Bipartisanship: 27.69%
Republicans: 12.59%

On an average annual basis, Split Congress is worst for the country as both political parties try to wedge as much pork as possible into their bills. Though Democrat deficits are 16% higher than Republicans, again on average since 1961.

Lastly, if you look back at deficits and surpluses over the past 100 years, you will find that, despite reckless spending, a Democrat controlled Congress has been able to achieve a surplus nearly 5% of the time. Conversely, a Republican controlled Congress has managed a surplus more than 58% of the time.

http://www.whitehouse.gov/omb/budget/Historicals (See Table 7.1)
http://www.treasurydirect.gov/NP/BPDLogin?application=np

Everyone is certainly entitled to believe or worship Clinton based on the achievements under his administration. Though it seems a bit reckless to taking anything at face value from a man who blatantly misconstrues facts, didn’t have the moral fortitude to take out Bin Laden after the first trade center and USS Cole attacks, can’t comprehend “what the meaning of the word 'is' is,” was impeached for perjury, and continues to take credit (from a personal and a partisan perspective) for achievements of a Republican controlled Congress. But that’s just our opinion.