Clinton: Democratic Presidents Have Better Job Creation Record – Politifact: “TRUE”
Last night Bill Clinton–in a political nerd’s dream–told us that Democratic presidents have accounted for 42 Million of the 66 million private sector jobs created since 1961. The Republicans: 24 million.
“Since 1961, for 52 years now, the Republicans have held the White House 28 years, the Democrats 24,” Clinton said. “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.”
According to the Bureau of Labor Statistics, here are the net increases in private-sector employment under each president, chronologically by party:
Richard Nixon: Increase of 7.1 million jobs
Gerald Ford: Increase of 1.3 million jobs
Ronald Reagan: Increase of 14.7 million jobs
George H.W. Bush: Increase of 1.5 million jobs
George W. Bush: Decline of 646,000 jobs
Total: Increase of 23.9 million jobs under Republican presidents
John F. Kennedy: Increase of 2.7 million jobs
Lyndon B. Johnson: Increase of 9.5 million jobs
Jimmy Carter: Increase of 9.0 million jobs
Bill Clinton: Increase of 20.8 million jobs
Barack Obama: Increase of 332,000 jobs
Total: Increase of 42.3 million jobs.
So Clinton is right. But we’ll bring up a few points worth noting.
This does not include government jobs
The combination of private-sector jobs and public-sector jobs is a broader measurement of job creation than private-sector alone. But excluding government jobs would presumably hurt Democrats more than Republicans, given the two parties’ historical stances toward the role of government. The fact that Democrats finished so far ahead despite taking government jobs off the table makes it a more impressive accomplishment.
Read more at Politifact