Sunday, May 3, 2009

Did Obama really create 150,000 jobs?

Obama has mastered the art of exaggerations, and here is a perfect example:

At President Obama’s April 29 news conference, he claimed that the American Recovery and Reinvestment Act has “already saved or created over 150,000 jobs.” 

Wait a minute. Isn’t the number of jobs actually plummeting?According to the Bureau of Labor Statistics, the economy lost more than 1.3 million jobs in the two months after he took office, and it has probably lost at least another half-million in April. 

The day after Obama spoke, the Department of Labor announced that another 631,000 workers (seasonally adjusted) had filed new claims for unemployment insurance the previous week.

So what 150,000 jobs was Obama talking about?

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