This week the Bureau of Labor Statistics has released the net bottom line on job creation during the first Bush term in office. According to the Bureau, 119,000 net new jobs were created during the four years of the Bush first term. During that same four year period, over 5 million Americans entered the work force seeking jobs.
The retort is that the president doesn't create jobs. The truth is the economic policy of the federal government has a great deal to do with economic growth and in fact job creation. President Bush is constantly telling us we need to judge by results. I fully agree with the president on this point and so for his first four years, President Bush deserves an F in job creation.
For the economy of our country to make up for the last four years plus create the jobs the growing population will need during the next four years, we will need to produce 250,000 jobs each and every month between now and January 2009 to be at the very same place we were when George W. Bush took office. Let's compare the actual job creation each month with our need to create these 250,000 jobs per month to see whether or not the economic policies being followed by this administration are meeting the needs of our citizens.