Employment-Population Ratio, Correlated with Majority Party, Jan 1995 – Sep 2013

Employment-Population Ratio and Averages, January 1995 - September 2013

{Click on graph or here to enlarge}

All laws (including but not limited to appropriations bills, tax law changes, minimum wage changes, etc.) have to be passed by the House of Representatives and the Senate, and then signed by the President (unless a Presidential veto is overruled by 2/3 votes in both the House and Senate).

Give the majority of the credit and/or blame for the economy to the party which holds majority control (2+ out of 3) of the House, Senate, and Presidency.

Republicans held majority control from January 3, 1995 to January 3, 2007.

Over those 144 consecutive months, the average Employment-Population ratio was 63.3%.

Even though President Bush had truly “inherited” the Dot Com Bust and the 9/11/2001 attacks which were a “double whammy” to our economy, the 2003 Bush Tax Cuts turned the economy around… after those tax cuts, employment (and tax revenues) went up each year, so much so that by December 2006, the last of those 144 consecutive months that Republicans controlled the House, Senate, and Presidency, the Employment-Population Ratio was slightly above that 12 year average, coming in at 63.4%.

THAT is what (then-Senator) Obama and his fellow Democrats “inherited” from Bush and the outgoing Republican majority on January 3, 2007!

Harry Reid took control of the Senate (along with then-Senators Obama, Biden, Clinton, Kerry, Durbin, Schumer, etc.), and Nancy Pelosi took control of the House, on January 3, 2007.

The new Democrat majority inherited a good economy and a shrinking deficit:

December 2006 Employment-Population ratio: 63.4%

December 2006 Unemployment:4.4%

FY 2007 budget deficit: less than $161 Billion.

The Bush Tax Cut recovery, which raised both employment levels (from 62.0% in September 2003 to 63.4% in December 2006) and revenues (FY 2007 revenues were up a whopping 44% larger than FY 2003 revenues!) came to a sudden end when Democrats took control of both houses Congress on January 3, 2007.

What did Democrats do?

On January 5, 2007, just two days into the new Democrat majority, Democrats introduced a bill to raise the minimum wage three times in three years. That bill was eventually passed as a rider to troop funding (the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007), and the minimum wage was raised three times in three years, from $5.15 per hour to $7.25 per hour (a more than 40% increase in 3 years).

Democrats opposed Republican attempts to reform Fannie and Freddie before it was too late, falsely accusing the Republicans of racism (a so-called “political lynching of Franklin Raines”, who is black), and falsely claiming that there were no “safety and soundness issues” at Fannie/Freddie.

Meanwhile, Senator Obama came in the top 3 of Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008, exceeded only by Chris Dodd and John Kerry, and if you consider that Obama was only campaigning for Federal office for five of those 20 years (2004-2008, whereas Dodd and Kerry covered all 20 of those years), Obama’s per year receipts of Fannie Mae and Freddie Mac Campaign Contributions easily tops the list. Repeating for emphasis, Barack Obama received from Fannie Mae and Freddie Mac more campaign contributions per year than any other member of Congress.

The Democrat majority (including Barack Obama) roughly tripled the deficit in FY 2008 (From $160.7 Billion in FY 2007 to $458.6 Billion in FY 2008).

The Democrat majority (including Barack Obama) roughly tripled the deficit AGAIN in FY 2009 (From $458.6 Billion in FY 2008 to $1,412.7 Billion (a.k.a. $1.413 Trillion) in FY 2009).

The Democrat majority passed TARP.

The Democrat majority passed “Porkulus”.

The Democrat majority passed “Cash for Clunkers”, etc.

The Democrat majority drove the economy into the ditch and then left it in the ditch for the last four years.

The Democrat majority drove the Employment-Population Ratio down under 59%, where it has stayed for FOUR YEARS.

If we had 63.4% employment today (like we had in December 2006 under Bush and the Republican Congress), instead of 58.6% (like it was in September 2013), then 4.8% more of our population would be employed. How many people does that represent?

According to BLS table A-1, the civilian noninstitutional population age 16 years+ in September 2013 was 246,168,000.

4.8% * 246,168,000 = 11,816,064

If we had the same level of employment that we had during the last month of a Republican House, Republican Senate, and President Bush, then
over 11.8 Million more Americans would be employed right now!

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4 Responses to Employment-Population Ratio, Correlated with Majority Party, Jan 1995 – Sep 2013

  1. Miri says:

    Excellent analysis. Powerful statistics that cannot be argued with. These progressives just love statistics, don’t they? Well, you can them some that will be hard for them to digest. I’m so tired of the media meme that the recession ended 4 years ago. If it ended 4 years ago, then somebody please explain the clear picture shown in Red Pill’s graph.

  2. Miri says:

    I should have proofread my comment. I left out a word: I meant to say, “you can GIVE them some [statistics] that will be hard for them to digest.”

    I’ll exit, stage right, before I make another typo. :)

  3. Would you like me to edit your 1st comment and delete the 2nd?

  4. Miri says:

    It’s alright. :)

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