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Anyone watching the Democratic National Convention on Tuesday night heard the number 4.5 million several times.
"Despite incredible odds and united Republican opposition, our president took action, and now we've seen 4.5 million new jobs," San Antonio Mayor Julian Castro, the party's keynote speaker, said.
...
The facts:
The number Castro cites is an accurate description of the growth of private-sector jobs since January 2010, when the long, steep slide in employment finally hit bottom. But while a total of 4.5 million jobs sounds great, it's not the whole picture.
Nonfarm private payrolls hit a post-recession low of 106.8 million that month, according to the U.S. Bureau of Labor Statistics. The figure currently stands at 111.3 million as of July.
While that is indeed a gain of 4.5 million, it's only a net gain of 300,000 over the course of the Obama administration to date. The private jobs figure stood at 111 million in January 2009, the month Obama took office.
And total nonfarm payrolls, including government workers, are down from 133.6 million workers at the beginning of 2009 to 133.2 million in July 2012. There's been a net loss of nearly 1 million public-sector jobs since Obama took office, despite a surge in temporary hiring for the 2010 census.
SAN ANTONIO MAYOR JULIAN CASTRO: "Despite incredible odds and united Republican opposition our president took action. And now we've seen 4.5 million new jobs."
While that figure has become a White House talking point, it's only part of the story. It's a cherry-picked number that refers just to private sector jobs created in the last 29 months, from the trough of the recession through July. Governments - especially state and local ones - have continued shedding jobs.
The economy lost 8.8 million jobs from the time employment peaked in January 2008 until it hit bottom in February 2010. Between then and this July - the most recent month for which there are figures - just 4 million jobs have been recovered. Never since World War II has the economy been so slow to recover all the jobs lost in a downturn.
Originally posted by bjax9er
liars, all of them.
democrats, the party of government.
democrats=tyrants
Still, a historical analysis of job growth percentages shows that Obama still fares better than some recent presidents. As of July, Obama is averaging +0.84% annual job growth in his term. That places him ahead of Bush, who saw +.051% growth in his first term and -0.84% in his second term. Obama is also tracking better than George H.W. Bush, who presided over +0.64% growth during his one term in the White House.
Both parties are tyrants wake up.
Originally posted by howmuch4another
maybe it's just CNN attempting to regain any semblance of actual reporting instead of cheerleading. is it possible they reviewed their coverage over the last 20 years and made a choice?
...nah
Originally posted by SWCCFAN
Originally posted by bjax9er
liars, all of them.
democrats, the party of government.
democrats=tyrants
Both parties are tyrants wake up.
It doesn't matter which party is in-charge the end goal is the same. Total enslavement of the population under a prison state.
Originally posted by xuenchen
We may be seeing more and more of this "reporting".
The Liberal networks might be getting "the word" from advertisers that Romney is the guy.
They will turn on Obama with "selective" reporting to keep their own revenues flowing.
Obama could be on the grill.
The old saying goes:
You can't hide from the Sun
While publicly pledging to refuse corporate money, the official host committee for this week’s Democratic National Convention has quietly and aggressively courted corporate donors — using a sister nonprofit that has been offering firms special “sponsorship opportunities” if they ponied up $1 million or more to help cover the costs of the event.
...
But campaign spending watchdogs say that the operations of New American City (the foundation accepts donations from lobbyists as well as corporations) reveal some of the Democrats’ claims to be hollow.
“It’s amazing how creative Democrats can be finding loopholes around their own rules,” said Bill Allison of the Sunlight Foundation, a group that has been tracking the role that corporations and lobbyists have played at both party’s conventions.
,,,
Despite the organizers’ promise to hold “the most transparent convention” in history and initial pledge to release the names of all donors in real time, the convention organizers now say they won’t release a complete list of the donors to either group until they are required to do under federal election law — next month, long after the convention is over.
Originally posted by thepresident
The nation has been adding jobs consistently for 29 months.
Sorry you are mad that America is coming back
Originally posted by xuenchen
We may be seeing more and more of this "reporting".
The Liberal networks might be getting "the word" from advertisers that Romney is the guy.
They will turn on Obama with "selective" reporting to keep their own revenues flowing.
Obama could be on the grill.
The old saying goes:
You can't hide from the Sun
edit on Sep-05-2012 by xuenchen because: