This week, a spokesman for Mitt Romney said Pres. Obama had, quote, “… the worst record on jobs and the economy of any president in modern history.”
Because if that’s the standard, any modern president has a worse record than Pres. Obama. The statement — folks, come on. That’s just a flat-out lie. So, we decided to check this out for ourselves by digging into some numbers on jobs, the stock market and corporate profits. First up, jobs. Let’s compare Pres. Obama to the last Republican president, George W. Bush. The economy lost 2,096,000 private-sector jobs during Pres. Bush’s first 40 months in office. Pres. Obama’s first 40 months in office, minus 65,000. Already: lie!
Let’s take the stock market. Under Pres. George W. Bush, in his first 40 months in office, the Dow Jones Industrial Average decreased by 4 percent. Under Pres. Obama, in his first 40 months in office, the Dow Jones increased by 51 percent. Lie!
So, then we looked at the growth of corporate profits under the two presidents.
Under Pres. George W. Bush, they rose a healthy 38 percent. But under Pres. Obama, they rose 62 percent.
So, when you hear folks from the Romney campaign say that Pres. Obama has “the worst record on jobs and the economy of any president in modern history,” you don’t need me to tell you that this is this week’s, and every week’s … BIGGEST DAMNED LIE!