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Re: 2012 Presidential Election (free for all edition)
Quote:
Originally Posted by 12thMan
This chart uses the same formula I used to to cite private sector growth under Obama, 4.5 million jobs. In fact, if we're calculating net job growth, Bush may have ended his presidency slightly under water.
It's an indisputable fact that George W. Bush had the worse jobs creation record of any modern president.
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You are factually incorrect. The chart is quite simple, Jobs at End of Term vs. Jobs at Start of Term. Bush added 3M. Using the same formula, currently Obama has lost 1.37M.
This is the methodology you have been citing on the 4.5M job added - By going back 27 months, Obama starts counting at the low point of employment for the private sector in February 2010 and tracks how far it has come. But counting farther back, since the end of the recession in June 2009, private-sector job gains have been much more modest, 3.1 million. That's a more meaningful measurement to economists.
Overall, the economy has lost 1.37 million jobs — 784,000 in the private sector — since Obama was inaugurated.
Read more: FACT CHECK: Where Obama, Romney missed mark | Fox News
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