Fact checking Obama

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“The more than eight million new jobs our businesses have created over the past four years.”


The president is cherry-picking a number that puts the improvement in the economy in the best possible light.


The low point in jobs was reached in February 2010, and there has indeed been a gain of about 8 million jobs since then, according to Bureau of Labor Statistics data.


Obama, saying “businesses,” appears to be referring to private sector growth of 8.2 million; adding government jobs reduces the total to 7.6 million.


But the data also show that since the start of his presidency, about 3.2 million jobs have been created — and the number of jobs in the economy still is about 1.2 million lower than when the recession began in December 2007.



http://www.washingtonpost.com/blogs/fact-checker/wp/2014/01/28/fact-checking-the-2014-state-of-the-union-address/
 
“A manufacturing sector that’s adding jobs for the first time since the 1990s.”


The low point for manufacturing jobs was reached in January 2010, and there has been a gain of 570,000 jobs since then.


But BLS data show that the number of manufacturing jobs is still 500,000 fewer than when Obama took office in the depths of the recession — and 1.7 million fewer than when the recession began in December 2007.


The gain in manufacturing actually has begun to stall a bit in the past year.


The only reason Obama can tout a gain in manufacturing jobs “for the first time since the 1990s” is because, before the recession, manufacturing had been on a slow decline for many years.



http://www.washingtonpost.com/blogs/fact-checker/wp/2014/01/28/fact-checking-the-2014-state-of-the-union-address/
 
“Our deficits — cut by more than half.”


The federal budget deficit has declined in half since 2009, from $1.3 trillion to about $600 billion, but that’s not much to brag about.


The 2009 figure was not just a deficit Obama inherited from his predecessor, since it also reflected the impact of decisions, such as the $800 billion stimulus bill, enacted early in the president’s term.


Moreover, the deficit soared in the first place because of the recession, so as the economy has improved, the deficit naturally decreased.


The United States still has a deficit higher than it was in nominal terms and as a percentage of gross domestic product than it was in 2008 and a debt much greater as a percentage of the overall economy than it was prior to the recession.




http://www.washingtonpost.com/blogs/fact-checker/wp/2014/01/28/fact-checking-the-2014-state-of-the-union-address/
 
“Inequality has deepened. Upward mobility has stalled.”


Close readers of the president’s speeches might have noticed an interesting shift in the president’s rhetoric.


Just last December the president gave a speech on economic mobility in which he three times asserted that it was “declining” in the United States.


But earlier this month, renowned economists Raj Chetty, Emmanuel Saez and colleagues published a paper based on tens of millions of tax records showing that upward mobility had not changed significantly over time.


The rate essentially is the same now as it was 20 years ago.





http://www.washingtonpost.com/blogs/fact-checker/wp/2014/01/28/fact-checking-the-2014-state-of-the-union-address/
 
“More than nine million Americans have signed up for private health insurance or Medicaid coverage.”



Obama carefully does not say these numbers are the result of the Affordable Care Act, but he certainly leaves that impression.


But the Medicaid part of this number — 6.3 million from October through December — is very fuzzy and once earned a rating of Three Pinocchios.


The ACA expanded Medicaid to those who earn less than 133 percent of the poverty line — about $15,000 for an individual — to 26 states (and the District) that decided to embrace that element of the law.


But no one really knows how many of the 6.3 million are in this expansion pool — or whether they are simply renewing or would have qualified for Medicaid before the new law.


Indeed, the number also includes people joining Medicaid in states that chose not accept the expansion.


The private insurance numbers — about 3 million — are also open to question.


The troubled federal exchange counts people as enrolled if an individual has selected a plan, but it does not know if a person enrolled and paid a premium because that part of the system has yet to be built.



http://www.washingtonpost.com/blogs/fact-checker/wp/2014/01/28/fact-checking-the-2014-state-of-the-union-address/
 
No wonder lefties want biggie gone. He keeps posting facts from WaPo that show the administration in the poor light its action have earned. Biggie is spamming the board with cold hard facts and eating the bandwidth that migbt have gone to all these selfie threads.
 
Big Money said:
The libs are unable to refute cold, hard facts, it seems.
Click to expand...

Not this "classic" liberal. Obama and the Democrats are world class lying bastards even better at it than the lying ass fucking RINO bastards, but not by much!
 
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