Petroleum imports down 33%
Jobs + 1,564,000
S&P 500 +96%
US Crude Oil Production +29%
US Drilling Rigs in Operation +13%
Jobs: Obama Beats Bush
Now that we have figures for the full four years of Obama’s first term, a surprising fact emerges: The economy added more jobs during four years under Obama than it did in the entire eight years under Bush.
By the time of Obama’s second inaugural in January, the economy had added a net total of 1,208,000 jobs since he was first sworn in four years earlier, according to current figures from the Bureau of Labor Statistics. That beats George W. Bush’s eight-year total of 1,083,000.
And so far, Obama is extending his lead over Bush. Counting jobs added in February, his total now stands at a net gain of over 1.5 million jobs.
Neither president’s record is good by historical standards, especially when compared with the 22.8 million jobs added during Bill Clinton’s eight years in office. The Bush years were hampered by a recession and prolonged job slump that began within weeks of his taking office in 2001, and later by the devastating recession of 2007-2009.