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The last six months of the Bush administration lost four million jobs and the first six months of the Obama administration lost another four million before any initiatives of the president could take action.

Valerie Jarrett
Jobs, President, Six Months
"Exclusive Interview With Valerie Jarrett, Senior Advisor and Assistant to President Obama". Interview with Earl Ofari Hutchinson, www.huffingtonpost.com. June 21, 2011.
The last six months of the Bush administration lost four million jobs and the first six months of the Obama administration lost another four million before any initiatives of the president could take action.