At President Obama’s April 29 news conference, he claimed that the American Recovery and Reinvestment Act has "already saved or created over 150,000 jobs." Wait a minute. Isn’t the number [...]
Q: Did electing a Democratic Congress in 2006 really lead to increased unemployment, higher gas prices and more home foreclosures?
A: No, and most of the figures in a widely-circulated e-mail are made up. In fact, the entire premise of the e-mail is a logical fallacy.
Q: Does the official jobless rate fail to count people who have no unemployment benefits?
A: They are counted, too. The rate is based on a huge survey and counts those who are out of work whether they get benefits or not.