06-09-2014, 11:12 PM
'ArtM72' pid='44560' datel Wrote:Facts don't matter, but that doesn't keep them from being interesting. Thanks for the post.
To be fair, most of the job retrenchment was at the state and local level, which has little to do with Obama (although at least employment wise, there hasn't been the big build-out of the state, not even at the Federal level),
However, looking at the second figure, I knew that private sector job creation was very good under Clinton, but under Carter?! That's new to me, to be honest. It's amazing if you compare widely held perceptions with the simple facts at times.
One could say it was too good, contributing to the inflation which was then killed by Volcker in the early 1980s with 20% interest rates, but still, the gap between perception and reality seems rather large to me here.