In last night’s rousing speech, Clinton had this to say about the number of jobs created since 1961:
For 52 years now, the Republicans have held the White House 28 years, the Democrats 24. In those 52 years, our private economy produced 66 million private-sector jobs. So what’s the jobs score? Republicans 24 million, Democrats 42 million.
The fact-checking organization PolitiFact had this to say about Clinton’s claim:
In 2010, we checked a similar claim from Rep. Carolyn Maloney, D-N.Y., who said that Democratic presidents “have been considerably more effective at creating private-sector jobs.” After crunching the numbers back to President Harry Truman, we found that jobs did indeed grow faster under Democratic presidents when adjusted for a president’s years served in office. So we rated the claim True.
So much for the myth of Republicans as the great job creators. The entire concept of trickle down economics/supply side economics/whatever new coat of paint they’re slapping on it today, is completely and utterly bogus. If giving tax breaks to the rich created jobs, we should be awash in employment after 10 years and more than a trillion dollars of Bush tax cuts to the wealthy.
We aren’t. Because the concept doesn’t work.