John Ransom

Robert1260 wrote: Bush had the worst jobs growth in US history and right wing talkers can not change that fact. It's historically carved in stone. Obama has produced more jobs in 3 years during the worst economy since the 1930's than Bush produced in a good economy (for his first 7 years in office that is...Bush's last year was a real doozy). Obama inherited a loss of 9 million jobs, loss of 37 Trillion in American wealth and 9 Trillion in debt practically overnight. Inherited from a so called conservative president. More facts carved in stone that Republicans can't simply brush aside by right wing liars like Ransom.- in response to New BS BLS Report Shows Obama Costs US $20 Trillion

Dear Comrade 1260,

Actually, Obama’s record is worse, net-on-net.

And here’s the thing: Obama has quite a large available workforce, plus he had stimulus dollars, plus the so-called Bush tax cuts, which even Obama approved. In addition Obama had the federal government absorb liabilities in the real estate market which also freed up a lot of capital- kind of a backdoor stimulus. It should be relatively easy to have rapid job growth under these conditions.


Only a rare kind of ideologue. like you and Obama, could have screwed up employment as bad as has been done since January 2009. But that's what happens when you bet everything on shoving socialized medcine down our throat and ignore the economy.

Bush, under his presidency, was at full employment for much of his term. It’s kind of hard to create jobs in globs when unemployment is already at 4.5 percent.

I think a better way to judge would be look at how Bush responded to the economic crisis brought on by the dotcom bubble bursting and 9/11.

While I don’t agree with everything that was done under Bush, if you are going to judge the two presidents on Keynesian plan 1- Bush’s; or Keynesian Plan 2- Obama’s, Bush does much better overall.     

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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