You Didn’t Build That: CNN Blows A Hole In Obama’s 4.5 Million Job Lie

Failed President Barack Obama has become fond of saying that 4.5 million jobs have been created during his disasterous Presidency. It’s a line that was parroted dozens of times during the first night of the televised clown parade otherwise known as the 2012 Democrat Convention.

It seems that the dinosaur media has finally caught up with the rest of us in realizing it’s just not true.

Democrats count jobs as an ignorant child might count money. The child starts with $100 , spends $75 of it, finds $10 on the street, and runs around claiming he gained $10 when he really has $65 less in his pocket.

If we had an honest media, the next step would be to interview everyone making the claim an point out the actual facts, then report their response.  But we don’t, so we just have to be happy with a web article explaining the Democrat lie.

Nonfarm private payrolls hit a post-recession low of 106.8 million [in January 2010], 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.

So Obama lost 1 million private sector jobs. And while we’re debunking the 4.5 million job myth, it should also be noted that the jobs that came back since January 2010 have not been the high paying Bush era jobs, either.

According to a study released last week by the liberal-leaning National Employment Law Project, low-wage fields such as retail sales and food service are adding jobs nearly three times as fast as higher-paid occupations.