How the Obama campaign is trying to deceive you on the economy.
Calculated Deception. That is the central theme of the Obama campaign. Calculated Deception is the term I use for Obama's rhetorical practice of trying to take advantage of what he calculates the average person does not know, and his party-controlled, so-called mainstream media won't report. And that can be seen over and over in the Obama campaign.
Obscuring the Worst Recovery Since the Great Depression In Monday's Wall Street Journal, Edward Lazear, former Bush chairman of the President's Council of Economic Advisors, notes, "A graph titled 'Private Sector Job Creation' on the Obama-Biden campaign website… announces proudly that 4.4 million private sector jobs have been created over the past 28 months." But that factoid is meaningless out of any context, more like a pediatrician boasting to you that under his care your 16-year-old son has grown to 4 feet 4 inches. At the same point during the Reagan recovery, the economy had created 9.5 million new jobs.
Moreover, Lazear correctly adds, "there hasn't been one day during the entire Obama presidency when as many Americans were working as on the day President Bush left office." That's right, contrary to the Obama campaign's misleading claim of 4.4 million new jobs created, total jobs today are still half a million less than in January 2009 when Obama entered office.
Lazear continues, "Moreover, the unemployment rate, which we were told would not exceed 8% if we enacted Mr. Obama's stimulus package…has never fallen below 8% during his presidency. The rate has averaged 9.2% since February 2009."
-snip-
(Excerpt) Read more at spectator.org ...
