Explosive Job Growth

“By cutting taxes on income, we helped create jobs,” George W. Bush boasted in January. But the numbers tell another story. Over the past five years, the private sector has gained 2.8 million new jobs, created entirely by government spending, largely on defense. (Meanwhile, the economy lost about a million nongovernment jobs.) So don’t thank tax cuts, thank the military-industrial complex.

  • Private-sector jobs created by defense spending, 2001-2006: 1.5 million (Bureau of Labor Statistics)
  • Private-sector jobs created by other government spending, 2001-2006: 1.3 million (Department of Defense)
  • Private-sector jobs lost, 2001-2006: 1 million (Economic Policy Institute)
  • FACT:

    Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn’t fund the type of hard-hitting journalism we set out to do.

    Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation so we can keep on doing the type of journalism that 2018 demands.