Claim: Under President George W. Bush, the U.S. had "52 months of ... uninterrupted job creation" and "revenues were at an all-time high in 2007.
Verdict: SUPPORTS

Retrieved passages:
title: Economic policy of the Barack Obama administration
text: record. By comparison, no net jobs were added during the 2000–2009 period including the crisis impact, while 18 to 22 million jobs were added each decade from 1970 to 1999. Non-farm job creation averaged approximately 200,000/month for 73 months from October 2010 to October 2016, a robust rate by historical standards. For example, job creation per month averaged 236,000 (Clinton), 209,000 (Carter), 167,000 (Reagan), 50,000 (G. H. W. Bush), and 13,000 (G. W. Bush). The 2017 'Economic Report of the President" stated, "Nonfarm job growth turned consistently positive beginning in October 2010. Since then, the U.S. economy has added jobs

title: Economic policy of the George W. Bush administration
text: of these funds were later recovered, as banks and auto companies paid back the government. Economic performance overall suffered as a result of the 2001 and 2007-2009 recessions. Real GDP growth averaged a mediocre 1.8% from Q1 2001 to Q4 2008. Job creation averaged 95,000 private sector jobs per month, measured from February 2001 to January 2009, the least of any President since 1970. Job creation during the 2001-2007 period was slow by historical standards and arguably unsustainable, as nearly all the net job creation was reversed during the subsequent Great Recession. The employment recoveries from both the 2001 and

title: Economic policy of the Barack Obama administration
text: for 74 straight months, the longest streak of total job growth on record; over this period, nonfarm employment growth has averaged 199,000 jobs a month. Total nonfarm employment recovered to its pre-recession peak in 2014—the best year for job creation since the 1990s—and, as of November 2016, exceeded its pre-recession peak by 6.7 million jobs." The Congressional Budget Office (CBO) estimated the size of an employment shortfall, defined as the number of workers below a full employment level. This shortfall steadily improved during Obama's tenure, from approximately 10 million in 2010 to 2.5 million as of December 2015, a figure

title: Domestic policy of the George W. Bush administration
text: from 64.4% in December 2000 and January 2001 to 62.1% in August and September 2003. By August 2005, it had recovered only to 62.9%. In absolute numbers, this corresponds to a drop of 1.6 million jobs but an eventual net gain of 4.7 million jobs during the Bush administration. Private sector employment, as measured by private nonfarm payrolls, shrank over the 8 years of the George W. Bush presidency. There were modest gains in private-sector payroll employment during his first term, but these were more than offset by the shedding of workers by the private sector in his second term.

title: George H. W. Bush
text: be a turning point in the Bush presidency; his popularity among Republicans never fully recovered. Coming at around the same time as the budget deal, America entered into a mild recession, which lasted for six months. Many government programs, such as welfare, increased. As the unemployment rate edged upward in 1991, Bush signed a bill providing additional benefits for unemployed workers. The year 1991 was marked by many corporate reorganizations, which laid off a substantial number of workers. Many now unemployed were Republicans and independents, who had believed that their jobs were secure. By his second year in office, Bush

title: George W. Bush
text: a result of what became known as the "Bush tax cuts" and increased national security spending. In March 2006, then-Senator Barack Obama said when he voted against raising the debt ceiling: "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure." By the end of Bush's presidency, unemployment climbed to 7.2 percent. In December 2007, the United States entered the longest post–World War II recession, which included a housing market correction, a subprime mortgage crisis, soaring oil prices, and a declining dollar value. In February, 63,000 jobs were lost, a five-year

title: George W. Bush
text: across the political spectrum for his handling of the Iraq War, Hurricane Katrina, and other challenges. Amid this criticism, the Democratic Party regained control of Congress in the 2006 elections. In December 2007, the United States entered its longest post-World War II recession, often referred to as the "Great Recession", prompting the Bush administration to obtain congressional passage of multiple economic programs intended to preserve the country's financial system. Nationally, Bush was both one of the most popular and unpopular presidents in history, having received the highest recorded presidential approval ratings in the wake of the September 11 attacks, as

title: Foreign policy of the George H. W. Bush administration
text: that would lead to more jobs. This portion of the speech "was quickly overshadowed by the Government's announcement that unemployment rose to 7.1 percent in December, the highest rate in six years." White House Chief of Staff Samuel K. Skinner replied to the release of the figures by saying they made the trip "more important than ever." Aboard Air Force One, Bush explained the positive of the trip would be securing a deal with Japan featuring the country pledging to buy an additional 10 billion in American auto parts each year until 1995 and that 200,000 jobs would be created

title: Economic policy of the Barack Obama administration
text: employed part-time for economic reasons, rose from 8.4% in November 2007 and peaked at 17.1% in November 2009, approximately where it remained until November 2010. Thereafter, it began a steady decline until reaching 9.4% in January 2017. Measured from the month following his inauguration in January 2009, the U.S. added 11.6 million private sector jobs from February 2009 to January 2017. Measured from the crisis trough in February 2010, the U.S. added a total of 16.1 million private sector jobs over the remaining 83 months of the Obama presidency — the longest continuous period of private sector job creation on

title: George W. Bush
text: job growth remained stagnant. Another tax cut program was passed that year. During the 2001 to 2008 years, GDP grew at an average annual rate of 2.125 percent, less than for past business cycles. Bush entered office with the Dow Jones Industrial Average at 10,587, and the average peaked in October 2007 at over 14,000. When Bush left office, the average was at 7,949, one of the lowest levels of his presidency. Only four other US presidents have left office with the stock market lower than when they began. Unemployment originally rose from 4.2 percent in January 2001 to 6.3

title: 1990s United States boom
text: the 1980s. Politically, the stagnant economy would doom President George H.W. Bush in the 1992 election, as Bill Clinton capitalized on economic frustration and voter fatigue after 12 years of Republican stewardship of the White House. Unemployment remained above 7% until July 1993, and above 6% until September 1994. It was in the spring of 1994 where GDP growth surged and the number of jobs created (3.85 million) set a record that has yet to be surpassed as of 2015. But 1995 would bring a pause in economic growth, primarily because the Federal Reserve raised interest rates from 3% to

title: George W. Bush
text: the United States entered its longest post-World War II recession, often referred to as the "Great Recession", prompting the Bush administration to obtain congressional passage of multiple economic programs intended to preserve the country's financial system. Nationally, Bush was both one of the most popular and unpopular U.S. presidents in history, having received the highest recorded presidential approval ratings in the wake of the 9/11 attacks, as well as one of the lowest approval ratings during the 2008 financial crisis. Bush finished his term in office in 2009 and returned to Texas, where he had purchased a home in Dallas.

title: Domestic policy of the George W. Bush administration
text: the average of all eight figures, and thus of his entire presidency, is 5.26%, with a low of 4.6% for the years of 2006 and 2007, and a high of 6.0% for 2003. According to the Bureau of Labor Statistics, the number of unemployed was nearly 6.0 million in January 2001 and 6.9 million in September 2006. The unemployment rate was 4.2% in January 2001, 4.6% in September 2006, and 7.2% in December 2008. Employment peaked in late 1999 and declined through 2008. The Current Population Survey (aka Household Survey) measures the percentage of the population that is employed and

title: Unemployment in the United States
text: President Clinton's two terms during the 1990s, by far the largest number among recent Presidents. President Reagan averaged over 7 million in each term during the 1980s, while George W. Bush had negative job creation in the 2000s. Each of these Presidents added net public sector (i.e., government) jobs, except President Obama. There are a variety of measures used to track the state of the U.S. labor market. Each provides insight into the factors affecting employment. The Bureau of Labor Statistics provides a "chartbook" displaying the major employment-related variables in the economy. Members of the Federal Reserve also give speeches

title: Economic policy of the George W. Bush administration
text: 2007-2009 recessions were protracted; the peak employment level for private sector workers in January 2008 was not regained until 2014. Income inequality continued to worsen pre-tax (a trend since 1980) and was accelerated after-tax by the Bush tax cuts, which dis-proportionally benefited higher-income taxpayers who pay the majority of income taxes. The U.S. national debt grew significantly from 2001 to 2009, both in dollar terms and relative to the size of the economy (GDP), due to a combination of tax cuts, wars and recessions. Measured for fiscal years 2001-2008, Federal spending under President Bush averaged 19.0% of GDP, just below

title: George H. W. Bush
text: was told by his economic advisors to stop dealing with the economy, as they believed that he had done everything necessary to ensure his reelection. By 1992, interest and inflation rates were the lowest in years, but by midyear the unemployment rate reached 7.8%, the highest since 1984. In September 1992, the Census Bureau reported that 14.2% of all Americans lived in poverty. At a press conference in 1990, Bush told reporters that he found foreign policy more enjoyable. On April 5, 1989, Bush submitted to Congress the Educational Excellence Act of 1989, a seven-program education legislative proposal with the

title: History of the United States (1991–2008)
text: 2000s recession marked the end of the sustained economic growth. In 2000, Republican George W. Bush was elected president in one of the closest and most controversial elections in U.S. history. Early in his term, his administration approved education reform and a large across-the-board tax cut aimed at stimulating the economy. Following the September 11 attacks in 2001, the U.S. embarked on the Global War on Terrorism, starting with the 2001 war in Afghanistan. In 2003, the U.S. invaded Iraq, which deposed the controversial regime of Saddam Hussein but also resulted in a prolonged conflict that would continue over the

title: Economic policy of the George W. Bush administration
text: recessions, two wars, and tax cuts were the primary drivers of the differences. During his two terms (2001-2008), President Bush averaged 19.0% GDP spending, slightly below the 19.2% GDP spending under Clinton (1993-2000). However, revenues of 17.1% GDP were 1.3% GDP below the 18.4% GDP average during the Clinton era. Further, CBO had forecast in 2001 that revenues would average 20.4% GDP during the 2001-2008 period (above the FY2000 record of 20.0% GDP), while spending would average 16.9% GDP and be on a downward trend, very low by historical standards. CBO reported that debt held by the public, a partial

title: Domestic policy of the George W. Bush administration
text: There were 463,000 fewer private-sector payroll jobs when he left office than when he came into office. In 2004, a full chapter on Iraq's economy was excised from the Economic Report of the President, in part because it doesn't fit the "feel good" tone of the writing, according to White House officials. In July 2002, Bush cut off U.S. funding to the United Nations Population Fund (UNFPA). Bush stated that the UNFPA supported forced abortions and sterilizations in the People's Republic of China. Bush signed the Medicare Act of 2003, which added prescription drug coverage to Medicare (United States), subsidized

title: Economic policy of the George W. Bush administration
text: Recession of 2007-2009), the U.S. faced a housing bubble and bust, two wars, and the rise of Asian competitors, mainly China, which entered the World Trade Organization (WTO) in December 2001. During his first term (2001–2004), President Bush sought and obtained Congressional approval for the Bush tax cuts, which mainly comprised the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). These acts decreased many income tax rates, reduced the capital gains tax, increased the child tax credit and eliminated the so-called "marriage penalty", and were set