We hear a lot about this fictional liberal land under President Obama, where job creation was killed by Obamacare and liberal ideas have destroyed the country. Reality, of course, is quite different. In fact, reality is almost the exact opposite. For Bush’s entire 8 years, job growth was just 1.1 million. Yet under Obama, the private sector has had 48 straight months of job growth, with businesses adding 8.7 million jobs.
Today’s job numbers are a good example of the disconnect. “Nonfarm payroll employment rose by 175,000 in February, and the unemployment rate, at 6.7 percent, changed little,” per Erica L. Groshen, the Commissioner of the Bureau of Labor Statistics.
Jason Furman, Chairman of the Council of Economic Advisers, put these numbers in perspective in a statement in which he explained that February was the 48th straight month of private sector job growth, “February 2014 was the 48th straight month of private-sector job growth, with businesses adding 8.7 million jobs over that time.”
