Moreover, in just one month during the Reagan economic recovery boom, September, 1983, the economy created 1.1 million new jobs. That’s a real recovery.
But Obama’s statement is even more misleading. Because during his entire Administration, the economy has created less than zero jobs. Investors Business Daily replied on August 4 to Obama’s statement, “But ‘we’ haven’t created any jobs. As a matter of fact, since Obama has entered office, some 1.1 million payroll jobs have disappeared.” Former Bush Chairman of the President’s Council of Economic Advisors Edward Lazear added in the Wall Street Journal on July 30, “there hasn’t been one day during the entire Obama Presidency when as many Americans were working as on the day President Bush left office.”
Moreover, “since Obama stepped into office, 7.5 million people have left the workforce,” IBD added. Almost all of those folks are still out there without a job.
Obama also neglected to add that the Labor Department’s household survey, which determines the unemployment rate, found that the number of jobs plummeted last month by 195,000. That is why the U3 unemployment rate rose again, to 8.3%. It was the establishment survey of businesses that claimed the economy created 163,000, not 172,000, net new jobs last month. But that number is heavily influenced by seasonal adjustments that can be outdated, and by estimates not counts of jobs created by new businesses. It is inconsistent with the fact the Labor Dept. also reported on Friday that 150,000 left the workforce last month.
That makes a postwar record 42 months of unemployment over 8%, the longest period of unemployment that high since the Great Depression. While Obama promised us when he wanted to pass his nearly $1 trillion wasteful government spending stimulus that unemployment would never climb above 8% if we did, it has never fallen below 8% during his entire, mistaken Presidency.
Nevertheless, Obama's lying minions continue to tout bogus numbers. Enter, deputy campaign propagandist, Stephanie Cutter, with her latest lie, which Twitchy so eloquently calls out, "Lying liar Stephanie Cutter claims Reagan recovery takes back seat to Obama’s." Here's her 'oh, boy' moment on MSLSD...
Mike Flynn of Breitbart couldn't take this nonsense either. In his piece entitled, Cutter: I'm Just Going to Make S%&t Up about Jobs, Flynn adds...
Those numbers are bad enough, but they are abysmal when you factor in population growth. We've added almost 10 million working age adults to the population since January 2009. The only thing keeping our unemployment rate from double-digits is that millions of people have simply given up. Since Obama took office, over 7 million people left the labor force. If the same number of adults today were in the workforce as in 2009, the unemployment rate would be 11%.
If you torture statistics long enough, they will confess to anything. But nothing in Obama's economic record supports even the most partisan spin of the numbers. Saying that Obama's recovery has added more jobs than Reagan's is pure fantasy. It is simply a made up talking point. If I were to read that in a political novel, I would shake my head thinking that, in real life, no one would have the audacity to make such a blatantly false claim. But, sadly, an objective media is the stuff of fiction today, too.
And you had to have known Sununu would come out swinging on this one!
And on that note, I'll end this one as Erika Johnsen of HotAir did, "Sorry, Ms. Cutter — I remain unconvinced that President Obama’s policies are doing anything to move this country “forward,” and you may put that in your pipe and smoke it."
