In Bill Clinton’s speech last night, he said that “Since 1961, for 52 years now, the Republicans have held the White House 28 years, the Democrats 24. So what’s the jobs score? Republicans 24 million, Democrats 42 (million).” Since the Republicans are droning what a failure Obama and the Democrats have been at creating jobs, this struck me as a back-breaker for the Republicans if it were true.
Turns out, Bill nailed that one as well.
According to the Bureau of Labor Statistics, here are the net increases in private-sector employment under each president, chronologically by party:
Richard Nixon: Increase of 7.1 million jobs
Gerald Ford: Increase of 1.3 million jobs
Ronald Reagan: Increase of 14.7 million jobs
George H.W. Bush: Increase of 1.5 million jobs
George W. Bush: Decline of 646,000 jobs
Total: Increase of 23.9 million jobs under Republican presidents
John F. Kennedy: Increase of 2.7 million jobs
Lyndon B. Johnson: Increase of 9.5 million jobs
Jimmy Carter: Increase of 9.0 million jobs
Bill Clinton: Increase of 20.8 million jobs
Barack Obama: Increase of 332,000 jobs
Given the success of the Republican party’s policies toward creating jobs in the past, it’s highly likely that Obama’s number would be even higher if not for the Republicans purging “cooperation” from their vocabulary during Obama’s presidency.