Why Did Obama Extend the Bush Tax Cuts in 2010? But that meant Obama increased the debt by $8.6 trillion, a 73% increase. That drove the debt-to-gross domestic product ratio to 104%.. As they paid in dollars, foreigners started redeeming them for gold.

Such is the nature of using monthly jobs reports from the U.S. Bureau of Labor Statistics as a tool to make political hay. President Kennedy added 2.5 million jobs, a 3.9% increase. His inaugural speech created confidence, and he endorsed deficit spending, increasing the debt by $16.9 billion, or 8.6%. Kennedy raised the minimum wage, improved Social Security benefits, and passed an urban renewal package.

You may also see sources that use the non-farm payroll business survey data, also collected by the Bureau of Labor Statistics. The job gains occurred before that, as he recovered from the 2001 recession. "Table 1.1.1.

Accessed Oct. 15, 2020.

He spent $25 billion to build 41,000 miles of road., A University of Massachusetts/Amherst study found that government spending on public transportation, through clean energy investment, is the most cost-effective way to create jobs. Recipients had to get jobs after two years. That increased the debt by 15.6%. By the time he left office, the economy was growing a robust 4.9%. That created a 4.7% inflation rate., President Nixon added 9.4 million jobs to the 76.7 million workers at the end of the Johnson administration. That's a 4.4% increase over the 152.2 million people working at the end of Obama's term. Trump passed the Tax Cuts and Jobs Act in 2017.

While bankers received a generous amount of aid, the public received little help in the face of job losses and collapsing housing prices. Rarely did Americans lose confidence because the Fed was in control, the financial system was functioning, few banks were failing and housing prices while stagnant or even declining, were not collapsing. It didn't stimulate demand as much as creating the same number of better paying high-tech jobs.

x-Note: Trump’s 2017-20 numbers are for only three years, instead of four for every other president in the chart. Here are the presidents who created the most jobs between 1929 and 2020.

By year, the number of jobs grew 2.2%, 1.8% and 1.72% during Obama’s final three years - with growth slipping some each year - and 1.4%, 1.67% and 1.37% in … She writes about the U.S. Economy for The Balance.

Accessed Oct. 15, 2020.

A president does have one unique tool.

“Consumer Price Index Database, All Urban Consumers.” Select "Top Picks" then "U.S. Cities Average, All Items."

Part of Eisenhower's success with job creation was due to his creation of the Interstate Highway System. But that doesn't give the total picture.

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