President Obama claimed in his State of the Union message that since his economic policies took effect, three million jobs have been created. Is that true? Americans for Limited Government ran the numbers and concludes that not only is Obama’s total wrong, it’s horribly misleading. ALG Senior Editor Robert Romano explains how the basic arithmetic does not add up and why the average rate of job creation suggests the overall unemployment rate should be increasing or remaining about the same. Romano explains what the unemployment rate would be if the labor force had not shrunk dramatically in the past three years and why Obama’s claims still don’t work, even if you try to add “saved jobs” as well.
