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PrintDecember 4, 2010
Graph for the Day for December 4, 2010
"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.
