Here are the headlines that were showing right when President Obama took office….this is what Mitt Romney wants you to forget:
CNN Money on February 6th, 2009: Job loss: Worst in 34 years
Washington Post on February 7th, 2009: 598,000 Jobs Shed In Brutal January
Wall Street Journal on January 10th, 2009: Yearly Job Loss Worst Since 1945
NY Times on February 6th, 2009: For Job Losses, No Sign That Worst Is Over
USA Today on February 6th, 2009: Job losses mount; unemployment surges to 7.6%
ABC News on February 6th, 2009: Jobless Barely Survive on Unemployment Insurance
CBS News on February 7th, 2009: Jobless Rate 7.6%; Most Job Cuts Since ’74
Mitt Romney is counting on Americans to all have collective amnesia to beat president Obama. He is going to continue to put blame on President Obama for an economy not at full employment literally giving him ZERO credit for any successes whatsoever. They are lying about actual statistics…empirical numbers for which there can be no doubt. He continues to propagate the lie that President Obama’s record of job creation is negative. He has commonly said “President Obama didn’t create the recession, but he made it worse.” Worse as in…less jobs. Worse as in higher unemployment. But looking at the facts – that doesn’t bore out.
The American Prospect explains Romney’s “amnesia” strategy HERE.
For Mitt Romney’s lies to have any weight to them….he wants you to believe that President Obama is responsible for job losses in all of January when he was only in office for 5 days in January; in January of 2009 – the country lost 820,000 jobs . He needs you to believe that President Obama is responsible for the job losses in February of 2009 and so on and so forth. Even the most conservative person would acknowledge that one would not blame a President for jobs lost after only a few months in office. Actually – the official estimate was LOW…government estimated 598,000 jobs lost in January – that was modified in the coming months to 820,000 jobs lost in January of 2009.
ThinkProgress has a chart that shows the economy bottomed out basically in January of 2010 – one year after President Obama took office:
And the headline from the Wall Street Journal on January 9th, 2009 says it all: Bush On Jobs: The Worst Track Record On Record. They put together a great chart comparing every president since Truman – full article HERE:
|President||Jobs created||Jobs at end of term||Jobs at start of term||Payroll expansion||Jobs created per year in office||Population growth||Percent change in population|
|George W. Bush||3.0 million||135.5 million||132.5 million||2.3%||375,000||22.0 million||7.7%|
|Bill Clinton||23.1 million||132.5 million||109.4 million||21.1%||2,900,000||25.2 million||8.9%|
|George H.W. Bush||2.5 million||109.4 million||106.9 million||2.3%||625,000||12.5 million||4.8%|
|Ronald Reagan||16.0 million||106.9 million||90.9 million||17.6%||2,000,000||17.3 million||7%|
|Jimmy Carter||10.5 million||90.9 million||80.4 million||13.1%||2,600,000||9.8 million||4.3%|
|Gerald Ford||1.8 million||80.4 million||78.6 million||2.3%||745,000||5.1 million||2.3%|
|Richard Nixon||9.4 million||78.6 million||69.2 million||13.6%||1,700,000||12.3 million||5.7%|
|Lyndon Johnson||11.9 million||69.2 million||57.3 million||20.8%||2,300,000||11.3 million||5.6%|
|John F. Kennedy||3.6 million||57.3 million||53.7 million||6.7%||1,200,000||8.2 million||4.3%|
|Dwight Eisenhower||3.5 million||53.7 million||50.2 million||7%||438,000||23.3 million||12.8%|
|Harry Truman||8.4 million||50.2 million||41.8 million||20.1%||1,100,000||N/A||N/A|
And American’s 401K’s have STRONGLY rebounded since Obama took office…that is to say the retirement of many Americans. Boston Magazine wrote this in February of this year – article HERE:
Yesterday held far bigger news then the GOP primary, though: The Dow Jones hit 13,000 points. The last time the stock market index was at that level was back in January 2008, more than four years ago. And at that time, it was on it’s way down, quickly, as the recession gathered steam — the last 15 months of George W. Bush’s presidency saw the Dow drop nearly 6,000 points. Two months into Barack Obama’s tenure, the index reached its low point, slumping to 6,547 in March 2009.
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