Monday, November 5, 2012

W socialist, O capitalist in first term


The left side of the chart shows the first Bush years. The right is Obama's.

The red line represents the trajectory of private sector jobs, while the blue and green lines represent the trajectory of state and local government jobs. All are set at 100 to the beginning, just for the sake of normalizing each number to the same point.

As you can see, under Bush's first term, private sector jobs never got to their start point, while public sector jobs soared.

Under Obama private sector jobs have now easily surpassed the level they were when he started, while public sector employment is way down, with no comeback having yet commenced.


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