clip: Obama says he has created 4.5 million jobs during the first 27 weeks of his Admin.
Okay, but that equates to about 39,000 new jobs per week, while unemployment raged at nearly 500,000 per WEEK for half that 27 weeks and currently running around 380,000 per WEEK currently.
His number of news jobs sounds great as a cumulative number, but the number getting WEEKLY unemployment is running at 5.97 million, and that does NOT include all those who exhausted benefits.
Obama 4.5 million new jobs means about 1 new job for every 10 jobs lost.
The chart clearly shows increases in government spending are associated with fewer jobs, not more. The data for the past hundred years shows the same negative relationship between the growth in government and the number of jobs. It is no coincidence that European and other countries with larger governments almost always have lower labor-force participation rates.
That works only if you count only the months with job increases, and don't count the months with job losses.
Obama likes to say that Bush only created 118,00 jobs in his entire 8 years. That only works if you count the jobs starting the first day of the Bush administration (neglecting the residual of job losses from the Clinton Recession and then 9-11) and go to the last day of the Bush administration which includes all of the losses from the financial collapse. If you count Obama jobs from day one, as he does with Bush, including his first 15 months, he has LOST a couple of million jobs.