CNN Fact Check came to the conclusion that the claim repeated at the DNC that the Obama Administration has "created 4.5 million" jobs was false. According to CNN:
The figure of 4.5 million jobs is accurate if you look at the most favorable period and category for the administration. But overall, there are still fewer people working now than when Obama took office at the height of the recession.CNN claims that there are 1 million fewer private sector jobs than there were at the beginning of the Obama presidency, but the 4.5 million jobs lie thrown around at the DNC is much worse than CNN admits.
In reality, there are 8 million fewer jobs in the United States than there were before the Great Recession, with 4 million more competitors in the job market than there were in 2007. There are 2 million more unemployed and 2 million more underemployed than the BLS reports, and the majority of jobs created during the Obama presidency have been low-wage, part-time "McJobs". Furthermore, the displaced workers who need jobs most, aging baby boomers, have been largely passed over by employers in favor of younger candidates.
There are lies, and then there are absurdities. The 4.5 million jobs claim was clearly the latter. Oh, and presidents don't create jobs.
Tuesday, October 16, 2012
Debunking Obama's 5 Million Jobs Lie
debunked 2 months ago a similar lie from the DNC (the claim was 4.5 million then):