It's all about job creation

March 31, 2014 

While many Americans may not care or understand the scandals that have occurred during President Obama's presidency, I hope they would understand that his administration has been the most inept at creating jobs when compared to other presidential administrations over the last 50 years.

During his first five years as president, Obama's administration created only 1.18 million jobs, or an increase of just 0.81 percent, or an annual average of just 236,000 jobs per year. In comparison, over the last 50 years, every president from John Kennedy to George W. Bush has created more jobs. Bush created 2.8 times more, Bill Clinton created 10.2 times more, George H. Bush created 2.8 times more, Ronald Reagan created 8.8 times more, Jimmy Carter created 10.9 times more, Richard Nixon/Gerald Ford created 6.2 times more, Lyndon Johnson created 8.2 times more and Kennedy created 4.3 times more jobs than Obama.

People would argue that Obama's record at lowering the unemployment rate since 2009 has been stellar. The unemployment rate statistic is no longer a valuable tool. We need to focus on job creation and not the unemployment rate.

A better measure of employment is the employment population ratio, which is the ratio of the number of employed people to the population of people age 15 and over. This statistic measures how many people are actually employed. This ratio is at the lowest level since the Ford administration. This means that more people today are unemployed or underemployed than ever before.

Edward Grubb

Swansea

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