DNC: Democrats Claim 4.5 Million New Jobs Created By Obama

Author: Scott Schaefer
Published: September 11, 2012 at 6:47 pm
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Last week at the Democratic National Convention we heard repeatedly that Barack Obama had created 4.5 million new jobs in the private sector during the last 29 months. Convention speakers from Nancy Pelosi to Joe Biden, and everyone in between, chanted 4.5 million new jobs almost as if it were a mantra. Not having heard this representation previously, I was surprised by the claim that Barack Obama had created 4.5 million new jobs in the private sector.

This figure of 4.5 million new jobs created by Obama became the mantra of the left to show that Obama had turned the economy around. Since employment, jobs and the economy are, collectively, the issue which is singularly most important to voters in this 2012 Presidential election campaign, the institutional claim by the Democratic Party of 4.5 million new jobs deserves fact checking.

CNN's Tom Foreman and Erin Burnett ran the 4.5 million new jobs claim to ground in their fact checking. Foreman said that the problem with the Democrat's claim wasn't in the math, but in the context. While 4.5 million private sector jobs have been added during this administration, Burnett said, the problem is that there were also “many jobs lost. In fact, there were five million private sector jobs lost. So, net jobs lost, private sector, 500,000,” said Burnett. She said that if you look at other jobs, including government jobs, “the picture is actually much worse. In terms of net loss, we are still 1.1 million jobs in the hole under this administration.”

CNN's Foreman and Burnett also explained that many of the jobs that were added, and were being counted in the 4.5 million new jobs claim, were short-term jobs, such as with the stimulus money, or with the census. In fact, many people were hired multiple times over a several month period to work for the 2010 census, each time counting towards that 4.5 million new jobs figure.

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Article Author: Scott Schaefer

Scott Schaefer spent 25 years as a home builder and real estate developer in Dallas, Plano and Frisco Texas, building hundreds of custom homes and luxury townhomes. He is a Certified Green Builder and founder of Lexington Luxury Builders. …

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