Hacker News new | comments | show | ask | jobs | submit login

FTA- "THE FACTS: True as far as it goes, but the claim inflates Obama's record of private-sector job creation by ignoring huge losses early in his presidency. By going back 27 months, Obama starts counting at the low point of employment for the private sector in February 2010 and tracks how far it has come. But counting farther back, since the end of the recession in June 2009, private-sector job gains have been much more modest, 3.1 million. That's a more meaningful measurement to economists. Overall, the economy has lost 1.37 million jobs — 784,000 in the private sector — since Obama was inaugurated."

Right, we gained jobs from the low point, and we still have less jobs than when he became President. Color me unimpressed. The unemployment rate went from 7.2% straight to over 10%. I don't know what BS they come up with for "saved" jobs, but the stimulus was a failure from pretty much any possible viewpoint.

It is a net gain if you count the 800,000 jobs lost during his first month in office.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact