Thread: REPORT: House GOP’s ‘Job Creating’ Spending Cuts Destroyed 370,000 Jobs

But, like the Obama admin, they also saved 500,000 during the same time period.

Originally Posted by GearsMcGilf

But, like the Obama admin, they also saved 500,000 during the same time period.

according to whom? even if you adjust the cooked employment numbers at the BLS we are still short a good 12M+ jobs in 2011 than in 2007.

Harding contracted federal stimulus during recession recovery when unemployment was still high and it took almost a decade for employment to return to pre-Great depression levels. factor in a global depression and we are looking at a longer time span until recovery.

contracting federal stimulus during recession recovery when unemployment is still high is US economic history. and you know what they say about those that don't learn from history (banking deregulation, self-regulation of the markets, fiscal contraction during recession recovery, decreased taxes reduces investment, etc.).