"The Bush Tax Cuts Never Created A Single Job!!!!"

"So now, how many jobs have the Bush tax cuts created?"

- Dave Rywall on November 13, 2012 at 3:53 PM

The Economic Growth and Tax Relief Reconciliation Act of 2001 went into effect in 2002 and many of the tax reductions that were to be phased in over 9 years were accelerated in the Jobs and Growth Tax Relief Reconciliation Act of 2003. According to the Bureau of Labour and Statistics:

* In January 2002, 134,319,000 Americans were employed and the unemployment rate was 5.5%.

* In January 2007, when Maerose Prizzi and Liar Reid took over Congress, 145,919,000 Americans were employed and the unemployment rate was 4.5%.

145,919,000 – 134,319,000 = 11,600,000 jobs

* In December 2007, the onset of the recession, 146,248,000 Americans were employed and the unemployment rate was 4.9%.

146,248,000 – 134,319,000 = 11,929,000 jobs

* On the day Barack Obama was first elected, 143,338,000 Americans were employed and the unemployment rate was 7.2%.

143,338,000 – 134,319,000 = 9,019,000 jobs

* When Bush left office, 141,748,000 Americans were working and the unemployment rate was 8.1%.

141,748,000 – 134,319,000 = 7,429,000 jobs

* In February 2009, Barack Obama’s first full month in office, 140,887,000 Americans were employed and the unemployment rate was 8.5%.

140,887,000 – 134,319,000 = 6,568,000 jobs

* Last month, 143,384,000 Americans were employed and the unemployment rate was 7.9%.

143,384,000 – 134,319,000 = 9,065,000 jobs

So, any way that you look at the Bush tax cuts, they were a net job creator.