If President Obama (and his evil Marxist socialist commie “big government”) can’t create jobs, then why did Willard Romney pledge to add 12 million in his first term?
Sorry, Willard, but to quote one of your fellow party members, “You lie!”
Let’s take a look at what has been happening during the past 3-plus years:
The new report from the Bureau of Labor Statistics shows the U.S. economy added 163,000 jobs in July, more than double the figures from the previous three months, and nearly double the predictions from economists going into this morning. The unemployment rate inched higher, from 8.2% to 8.3%, but as we’ve discussed many times, the figure can be misleading — the rate sometimes goes up when more people reenter the job market.
As is nearly always the case, there was a gap in the public vs. private sectors — American businesses added 172,000 jobs last month, while the government shed 9,000 jobs. [...]
[T]oday’s report is good news because it’s evidence of real progress.
But wait! There’s more! Here is a chart that shows job growth by year going back to 2001:
(The lighter color refers to the overall jobs picture, while the darker color points only to the private sector.)
So far in 2012, from January to July, the overall economy has added 1.06 million jobs, while the private sector has added 1.12 million jobs. Note that in every year of the Obama presidency, the private sector outpaced the overall economy, while in every year under Bush, that notorious Marxist, the private sector trailed the overall job market. [...]
[It] only includes seven months… Indeed, we’ve seen more jobs created since January than in five of the eight years Bush was in office.
It gets even better. Benen put up another chart that offers another Fun Fact so hop over and take a look:
Mitt Romney recently said the first 6 to 12 months shouldn’t be held against a new president. If that’s true, Obama has created 3.88 million jobs overall, and 4.44 million private-sector jobs.
Tell a friend.