Obama Lies About Creating 3 Million Jobs

Lies, Damn Lies, and Statistics

Obama claimed to have created 3 million jobs in 22 months. Well, the economy has recovered relative to the depths of the recession. If you review Bureau of Labor Statistics data and begin counting from January 2010 and not January 2009, when Chairman Obama took office, you can come to a net positive job gain.

However, the Obama economy has been a net job loser. From January 2009 through December 2011, the economy is millions of jobs in the hole. If you look at the entire recession, the picture gets even worse. Further, on February 3, 2012 revisions to the number will be released and Marney Cox, Chief Economist at SANDAG believes the numbers may be revised down.

Many economists believe a double dip recession is very possible.  Europe and America are so heavily in debt that confidence in government is waining. U.S. Treasury bills, for the first time in history, are losing investors to the tune of $85 billion dollars over the last six weeks.

The hard fact is that the U.S. economy has lost 2.5 million jobs since Obama became President. Since the beginning of 2008, the economy has lost 6.1 million jobs. From January 2010, the economy has recovered only 2.6 million jobs.

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President Obama ended the State of the Union Address (SOTA) with an appeal to "get each other's backs." His call was for us to trust each other. This statistical deception alienates thinking Americans from the man who claims to have "created 3 million jobs over the last 22 months."

SOURCE: U.S. Department of Labor, Bureau of Labor Statistics (January 24, 2012)

UPDATE: See our follow-up which reviews Democrat Policy since 2007