The 42nd President of the United States Bill Clinton addresses the audience at the Time Warner Cable Arena in Charlotte, North Carolina, on September 5, 2012 on the second day of the Democratic National Convention (DNC). / MLADEN ANTONOV/AFP/GettyImages
(CBS News) CHARLOTTE, N.C. -- In his 49-minute speech Wednesday night at the Democratic National Convention, former President Bill Clinton cited several statistics and made a number of supposedly fact-based assertions. Here's a look at which claims hold up under scrutiny and which don't.
"Since 1961, the Republicans have held the White House 28 years, the Democrats 24. In those 52 years, our private economy produced 66 million private sector jobs. What's the jobs score? Republicans 24 million, Democrats 42."
Since 1961, there have been five Republican presidents and five Democratic presidents - serving, as Clinton said, a cumulative 28 years and 24 years, respectively. Here's a breakdown of the net job creation under each one, according to data available on the Bureau of Labor Statistics:
Republicans:Richard Nixon: + 7.1 million
Gerald Ford: +1.3 million
Ronald Reagan: + 14.7 million
George H. W. Bush: + 1.5 million
George W. Bush: -646,000
Total jobs added: +23.9 million
Democrats
John F. Kennedy: +2.7 million
Lyndon B. Johnson: +9.5 million
Jimmy Carter: +9 million
Bill Clinton: +20.6 million
Barack Obama: +332,000
Total jobs added: +42.1 million
Clinton's assertion, then, is true: For whatever reason, Democratic presidents have added approximately 42 million private sector jobs, cumulatively, while Republicans have added approximately 24 million.
Politifact points out that Clinton did not include public sector job growth in his calculations. Because Democrats are thought to historically add more government jobs than Republicans, adding those figures could have pumped up Democratic job growth figures even more, Politifact argues.
A Washington Post analysis, however, contends that the most comprehensive measurement of job growth would have been to measure the numbers relative to population growth and to factor in nonfarm payrolls. In the Washington Post's subsequent analysis including those factors, "only four times did growth in nonfarm payrolls outpace population growth: under LBJ, Carter, Reagan, and Clinton. All of which supports Clinton's contention that Democrats do better on job growth."
There are many reasons for Job Growth... and CBS perpetuates the notion that the President has control?
Poppycock!
But of course, what else can we expect from American Media today... it seems they never underestimate the intelligence of the American People. And maybe they are right! The government has used Public Education to dumb down the electorate so they worry more about what drug the starlets on the Jersey Shore are using, than why most of our elected leaders are SELLING their VOTES for FAVORS.
http://www.politifact.com/ohio/statements/2012/jul/20/josh-mandel/josh-mandel-says-obamacare-will-ultimately-be-bigg/
http://www.politifact.com/truth-o-meter/statements/2012/jun/28/rush-limbaugh/health-care-law-not-largest-tax-increase-us-histor/
Our presidents are bought and paid for by the power brokers and the global elite.
The REAL problem is the myth of the Greater Good.
Why must we sacrifice one person for a group of people or one group for another?
Why sacrifice anyone when liberty does away with all necessity of sacrifice?
The entire notion of the Greater Good is nothing but a politically manufactured conflict and is as absurd as the philosophically manufactured one.
Higher profits (lower taxes) do not create jobs. Demand creates jobs. The only reason a company hires more people is that they have more customers than their current employees can manage. Corporate profits are at record highs without having creating more jobs. How then can people believe that if the "job creators" have even higher profits (lower corprate taxes) they will hire more people. They will not, they have not.