02 May 2011
The above chart (from the good folks at Think Progress) shows the effect the Republican economic policies have had on American jobs. Note that during
Reposted from Jobsanger
The above chart (from the good folks at Think Progress) shows the effect the Republican economic policies have had on American jobs. Note that during the last year of the Clinton administration a few jobs were being sent overseas but just as many jobs were being created in this country. But after Bush took office things began to change radically. More jobs (even before the recession) were being lost in the United States, while an increasing amount of jobs were sent to other countries (and the corporations received tax breaks for doing that).
By the end of his eight years in office, Bush had the job situation really out of whack. The corporations had laid off at least 2.9 million workers while they had hired about 2.4 million workers in foreign countries. And nothing has changed to this day. The Democrats tried to take away the corporate tax breaks for exporting jobs, but the Republicans were able to keep that from happening. So while Americans are suffering (with barely enough jobs being created here to keep up with the number of new workers entering the workforce), American corporations continue to send good American jobs to other countries.
Republicans like to say that cutting taxes and giving subsidies to corporations creates new jobs. But it doesn't help this country to climb out of the continuing recession when the jobs being created are in other countries. This has to change.
NOTE -- The above job loss figures only count the jobs lost from American corporations. Jobs lost at small businesses and from all branches of government must be added in to get the true job loss picture.