CNN Debunks The Obama Lie That He Created 4.5M Jobs

Discussion in 'Politics & Religion' started by pspr, Sep 5, 2012.

  1. pspr


    (CNN) -- Anyone watching the Democratic National Convention on Tuesday night heard the number 4.5 million several times.

    "Despite incredible odds and united Republican opposition, our president took action, and now we've seen 4.5 million new jobs," San Antonio Mayor Julian Castro, the party's keynote speaker, said.

    Chicago Mayor Rahm Emanuel, who served as President Barack Obama's chief of staff, and Massachusetts Gov. Deval Patrick, who followed Obama's November rival Mitt Romney as governor of Massachusetts, both cited the same number.

    It's a big-sounding number, given the still-sputtering job market. So we're giving it a close eyeballing.

    The facts:

    The number Castro cites is an accurate description of the growth of private-sector jobs since January 2010, when the long, steep slide in employment finally hit bottom. But while a total of 4.5 million jobs sounds great, it's not the whole picture.

    Nonfarm private payrolls hit a post-recession low of 106.8 million that month, according to the U.S. Bureau of Labor Statistics. The figure currently stands at 111.3 million as of July.

    While that is indeed a gain of 4.5 million, it's only a net gain of 300,000 over the course of the Obama administration to date. The private jobs figure stood at 111 million in January 2009, the month Obama took office.

    And total nonfarm payrolls, including government workers, are down from 133.6 million workers at the beginning of 2009 to 133.2 million in July 2012. There's been a net loss of nearly 1 million public-sector jobs since Obama took office, despite a surge in temporary hiring for the 2010 census.
  2. Even if it is 4.5 million that averages to about 102K jobs per month over a 44 month period. Since it takes about 300K per month to grow an economy you can see why we're in the state we're in. Epic fail on the economic front.
  3. Tsing Tao

    Tsing Tao

    No one other than me is rather amused that the Democrat keynote speaker's last name was "Castro"?
  4. Matthews and Maddow wanted me to tell you they knew it was just a matter of time before one of you gun toteing, bible thumping racists came up with that.:eek:
  5. pspr


    They wouldn't have had to take their mother's last name if they weren't born little bastards.

    Rosie Castro and the twins' father, Jesse Guzman, never married and separated when the children were 8. Julian Castro said he has a good relationship with his father, a retired teacher, who plans to attend his Charlotte speech.