Graph for the Day for December 4, 2010

Randall Hoven
"Unlike John McCain, I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America.  I will eliminate capital gains taxes for the small businesses and the start-ups that will create the high-wage, high-tech jobs of tomorrow... I'll invest 150 billion dollars over the next decade in affordable, renewable sources of energy - wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced."  Barack Obama, August 28, 2008.  [Emphases added.]

  Sources:  Geoff, via AoSHQ, and the St. Louis Fed/FRED.


Hoven's Index for December 4, 2010


Non-farm jobs added in the four fiscal years following the 2003 tax rate cuts and under Republican-written budgets (Sep 2003 to Sep 2007):  +7,742,000


Non-farm job growth through November 2010 (all under Democrat-written budgets):

Since Great Recession began (Dec 2007):  -7,412,000

Since President Obama was inaugurated (Jan 2009):  -3,010,000

Since Great Recession ended (Jun 2009):  -101,000

Since the "Summer of Recovery" (May 2010):  -55,000


Source:  St. Louis Fed/FRED.


Graph of the Day Archive.

"Unlike John McCain, I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America.  I will eliminate capital gains taxes for the small businesses and the start-ups that will create the high-wage, high-tech jobs of tomorrow... I'll invest 150 billion dollars over the next decade in affordable, renewable sources of energy - wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced."  Barack Obama, August 28, 2008.  [Emphases added.]

  Sources:  Geoff, via AoSHQ, and the St. Louis Fed/FRED.


Hoven's Index for December 4, 2010


Non-farm jobs added in the four fiscal years following the 2003 tax rate cuts and under Republican-written budgets (Sep 2003 to Sep 2007):  +7,742,000


Non-farm job growth through November 2010 (all under Democrat-written budgets):

Since Great Recession began (Dec 2007):  -7,412,000

Since President Obama was inaugurated (Jan 2009):  -3,010,000

Since Great Recession ended (Jun 2009):  -101,000

Since the "Summer of Recovery" (May 2010):  -55,000


Source:  St. Louis Fed/FRED.


Graph of the Day Archive.