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    Saturday, November 8, 2014

    14 Facts, Part 2

    Part 2 of the 14 "Facts" will actually cover several of the points.

    Point 2 is: "We are currently enjoying the longest period of private sector job creation in American history."

    You only have to follow the link to the Washington Post article to see that this is technically true, but as I pointed out in Part 1, job creation during the Obama recovery has been woeful compared to Reagan, and, as the post notes, compared to Bill Clinton as well:

    "The average number of jobs created in this period is significantly lower than in either the Clinton or Reagan period, as shown in this Tableau interactive chart created by Wall Street Journal reporter Matt Stiles. As he noted, the average monthly gain during this period is in the bottom half of the 17 jobs recoveries lasting 12 months or more in the past 75 years..."

    Furthermore, as the Post points out, except for a single month, Bill Clinton had 84 months of private sector job growth and Reagan  71.  Add to that the much higher numbers of jobs for each, and you can now see why Americans are not idiots for knowing that this recovery is subpar.

    Point 3 is: "Unemployment has dropped from 10.1% in October of 2009 to 5.9% and projected to reach 5.4% by summer of 2015."

    This was discussed in my Part 1 article.  The rate drop is largely due to drops in the labor participation rate.  It's good that it has dropped, but as noted by me in Part 1, and WaPo fact checkers in Part 2, the actual job creation has been anemic under Obama.

    1 comment:

    joeburton75 said...

    When are you going to finish the 14 facts rebuttals - thanks!