President Obama's top strategist, David Axelrod, said today on Fox News Sunday that, under Obama, we've had "29 straight months of job growth." Yet, according to the federal government's own figures, 29 months ago, 58.5 percent of Americans were employed. Today, only 58.4 percent of Americans are employed. In other words, any job growth over the past 29 months hasn't even kept up with population growth.
Moments later, Los Angeles mayor Antonio Villaraigosa, chairman of the Democratic convention, claimed that Obama has "created 4.5 million jobs" during his tenure (a claim that Axelrod also made). Leaving aside the question of whether presidents actually "create" jobs in our republic, 60.6 percent of Americans were employed when Obama took office, compared to just 58.4 percent now. Again, that's according to the federal government's own figures.
Villaraigosa also claimed that Obama has "a plan to cut $4 trillion in the next decade out of our deficit." Yet the Congressional Budget Office (CBO) says that, in his 2013 budget, Obama actually called for increasing deficits by nearly that same amount—he called for increasing them by $3.504 trillion over the next decade (see table 1). Mind you, that's in addition to the CBO's baseline projection of $2.887 trillion in new deficit spending over that same span. So, in all, Obama called for $6.390 trillion in new deficit spending over the next decade—as the CBO notes.
Expect to hear these specious talking points repeated liberally from Tuesday through Thursday at the Democratic convention this week in Charlotte.