Fact Check: President Obama's Record on Jobs

Video of President Barack Obama promoting energy jobs in Georgia.
Share
Copy

Last night, President Obama mounted a vigorous defense of his administration's record on jobs, a key issue as voters prepare for the midterm elections.

But was everything the president said factual?

"The problem was we lost 4 million jobs before I was sworn in," Obama said.

That's true. From December 2007 to January 2009, while President Bush was in office, the nation lost a total of 4.3 million jobs, more than half of the nearly 8 million jobs that have disappeared since the recession began.

Video of President Barack Obama promoting energy jobs in Georgia.
President Obama Promotes Energy Jobs in Savannah, Georgia

Watch "World News with Diane Sawyer" for more tonight on ABC.

"Most of the jobs we lost were lost before the economic policies we put into place had any effect," Obama added.

That, again, is true, but with a catch. More than half of 7.6 million jobs lost disappeared before Obama was in office, and monthly job losses did begin to decline markedly last April.

But Obama is wrong to imply that the stimulus plan he pushed through Congress is the reason things began to turn around. Very little of the stimulus money had been spent when the job situation first started to get a little better.

"The Recovery Act took a lot of time to get into place, and the biggest criticism is that the spending has been inefficient and slow," said conservative economist Doug Holtz-Eaken in a Washington Post video. "So it's not the Recovery Act that's causing this."

Fact Check: Can Republicans Blame Obama for Job Losses?

On the Republican side, candidates have been quick to blame the president for the job losses, driving the message home in debates and on television ads with accusations that the Democrats are "killing" jobs.

Looking at just this year, that would be false. While unemployment remains stuck at around 9.5 percent, the economy has added more than 600,000 jobs through September.

Click here to return to the "World News" page.

-- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353. -- This embed didnt make it to copy for story id = 11998353.
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...