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 of jobs actually plummeting?
According to the Bureau of Labor Statistics, the economy lost more than 1.3 million jobs in the two months after he took office, and it has probably lost at least another half-million in April. The day after Obama spoke, the Department of Labor announced that another 631,000 workers (seasonally adjusted) had filed new claims for unemployment insurance the previous week.
Issues: economy
100 Days of Spin
After 100 days in office, we find President Obama is sticking to the facts – mostly. Nevertheless, we find that the president has occasionally made claims that put him and his policies in a better light than the facts warrant. He has claimed that private economists agreed with the forecast in …
Obama’s Prime Time Pitch
President Obama sometimes strayed from the facts or made dubious claims during his hour-long evening news conference March 24. He said his budget projections are based on economic assumptions that “are perfectly consistent with what Blue Chip forecasters out there are saying.” Not true. The average projection by leading …
More Upstate Insults
The campaign to fill the vacant House seat in New York’s 20th congressional district is the race that keeps on giving – giving false and misleading ads, at least. Two new spots, one from Democratic businessman Scott Murphy and another from his foe, Republican state Assembly Minority Leader Jim Tedisco, both …
Obama and the Deficit
During a speech on Tuesday, President Obama promised to reduce the budget deficit:
Obama: Now, this budget does not attempt to solve every problem or address every issue because of the massive deficit we inherited and the enormous costs of this financial crisis. We have made some tough choices that will cut our deficit in half by the end of my first term and reduce it by $2 trillion over the next decade.
To start, we want to clarify that Obama is talking about the budget deficit (the amount of money the government spends in a given year minus what it takes in),
Will Work for Small(ish) Businesses
In his remarks to small-business owners March 16 at the White House, President Obama repeated a statistic we’ve heard from both Democrats and Republicans. (Republican Rep. Paul Ryan of Wisconsin
used it this month
on "Fox News Sunday.")
Obama said small businesses are responsible for creating "roughly 70 percent of all new jobs in the past decade."
That stat is one put forth by the Small Business Administration. The SBA says that small businesses "have generated 60 to 80 percent of net new jobs annually over the last decade."
Stimulus for Illegal Immigrants?
Q: Will 300,000 illegal immigrants get construction jobs through the stimulus package?
A: There’s no way of knowing how many illegal immigrants may or may not end up with a job from stimulus funds. But this inflated estimate comes from conservative groups concerned about the absence of employee verification requirements in the final bill.
Upstate Insults
New York Assembly Minority Leader James Tedisco, a Republican, and businessman Scott Murphy, a Democrat, are battling to fill a House seat in New York’s 20th congressional district that was vacated when its occupant was appointed to the Senate. The special election is scheduled for March 31. Recent ads have …
Bad Bankruptcy Stat, Repeated
Last week on our main site, we pointed out that President Obama used an incorrect statistic on bankruptcies caused by medical expenses in his address to Congress. And yesterday, he repeated it,
as Jake Tapper at ABC News noted
:
Tapper: "The cost of health care now causes a bankruptcy in America every thirty seconds," President Obama said at the opening of his White House forum on health care reform just now.
As we said then (and Tapper kindly links to us in his report): Last year,
Ride into the Danger Zone
The Air Force’s much-criticized F-22 has been a favorite subject of much of the blogosphere, particularly since Mark Bowden’s feature article praising the fighter appeared in the March issue of The Atlantic . Tuesday night the discussion went mainstream, with Obama’s oblique reference to “Cold War weapons we don’t use.” As we said in our article over on the main site, Obama is right to describe the F-22 this way. Development on the fighter began in 1981,