Perspective on the “Jobs” Party
It is hard to imagine how any sane person can actually hold to the notion that lower taxes create jobs, given the overwhelming evidence provided above. Nearly four decades of definitive data is not an anomaly. Keep in mind that even with Ronald Reagan’s job numbers, his own OMB Director, David Stockman, gave credit to Fed Chairman Paul Volcker’s ability to tame inflation as the reason for the Reagan economic turnaround; not as a result of lower taxes as supply-siders continue to believe.
Take a moment to digest the following perspectives as they relate to job creation from 1977 forward.
During Bill Clinton’s eight years in office, 22.891 million jobs were created (Table 10).
o This was 21.610 million
It is hard to imagine how any sane person can actually hold to the notion that lower taxes create jobs, given the overwhelming evidence provided above. Nearly four decades of definitive data is not an anomaly. Keep in mind that even with Ronald Reagan’s job numbers, his own OMB Director, David Stockman, gave credit to Fed Chairman Paul Volcker’s ability to tame inflation as the reason for the Reagan economic turnaround; not as a result of lower taxes as supply-siders continue to believe.
Take a moment to digest the following perspectives as they relate to job creation from 1977 forward.
During Bill Clinton’s eight years in office, 22.891 million jobs were created (Table 10).
o This was 21.610 million