Let’s just say for shits and giggles, that I have no dog in the Presidential hunt and that I think that Bush and Obama both made fine Presidents.
Let’s also say that I just dropped in from Mars and heard a bunch of people in a crowd complaining about how terrible Obama has been as President, and how he is a big government socialist, can’t create private sector jobs, is destroying the country and our future by raising our national debt to historic levels, and has created an environment where both business and Wall Street are suffering.
Then someone rushed out of the crowd and showed me these charts:
As you can see, under Obama, private employment snapped back much better than it did during Bush’s first year.
State and local government employment, however, fell much harder under Obama than it did under Bush.
This is of course, exactly the opposite of the big government socialist stereotype that the Obama economy is portrayed as, but hey.
And here, just for the hell of it, is the same chart but with the performance of the S&P 500 (in orange) during each period:
Here’s a chart with the National Debt growth in it, represented by the black line. As you can see, the national debt has grown a little bit faster under Obama, but hardly any faster than under Bush, and the trajectory is almost identical: