In speeches, President Obama touts his administration’s supposed success in creating private sector jobs. Those who have lived through the last four years of high unemployment and economic stagnation naturally wonder whether Obama’s numbers can possibly be correct. To answer that question, you have to pay careful attention to how Obama phrases his claim:
Our businesses have gone back to basics and created over 4 million jobs in the last 27 months–more jobs than were created during the entire 7 years before this crisis in a little over two years.
Is that claim true? As this video shows, it is a classic instance of lying with statistics. In fact, as we all know from experience, the jobs record of the last four years has been one of the most dismal in American history: