President Obama promised his stimulus plan would create or retain 3-4 million jobs by 2010 (averages out to 3.5 million). Thus far, employment has dropped 1.1 million since Obama entered the White House. The resulting Obama job gap stands at 4.6 million jobs [chart]. We will follow the Obama job gap in the same spirit as former “Meet the Press” host Tim Russert followed Bush’s job count throughout Bush 43’s first term, or at least until Bush’s numbers turned positive (the term ended with Bush up 4.2 million jobs; Obama too is likely to be in positive territory by 2012). Credit to Karl Rove for inventing the “job gap” methodology.
Wednesday, May 13, 2009
Obama’s Job Gap
President Obama promised his stimulus plan would create or retain 3-4 million jobs by 2010 (averages out to 3.5 million). Thus far, employment has dropped 1.1 million since Obama entered the White House. The resulting Obama job gap stands at 4.6 million jobs [chart]. We will follow the Obama job gap in the same spirit as former “Meet the Press” host Tim Russert followed Bush’s job count throughout Bush 43’s first term, or at least until Bush’s numbers turned positive (the term ended with Bush up 4.2 million jobs; Obama too is likely to be in positive territory by 2012). Credit to Karl Rove for inventing the “job gap” methodology.
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