Posted by Kromey at 7:30pm Sep 10 '12Throw a stone here on 4K, and you'll hit at least half a dozen posts citing "lies" and "bending of the truth" by the GOP -- but not one about the same drivel that the Democrats spout.
Let's change that. Here's a good article about CNN doing some *gasp!* fact-checking (I know, it's shocking, journalists actually checking facts -- and of the left, to boot!) during the DNC -- and the outcome isn't all that pretty.
This article itself is just some highlights, so by highlighting the article I'm giving you the highlights of the highlights -- that's meta!
"Obama created 4.5 million private sector jobs"
Put aside the question of whether that was, in fact, Obama, rather than the private sector, that created those private sector jobs, and what you actually have is 500,000 jobs less than we did in the private sector; add in the public sector, and we're actually down 1.1 million!
And that's even without taking into account that a person hired multiple times for temporary, short-term work gets counted every time they're hired in that figure -- meaning that the actual number of jobs today is not [arbitrary point in the past sometime after Obama took over in the White House]+4.5 million!
But that's not all! "[S]omewhere around 80% of the jobs that had been lost in this recession and afterwards, were middle to high wage jobs, and about 60% of the jobs we've gained are low wage jobs." Ouch!
"Obama saved the auto industry"
Ignoring the fact that had he done nothing they would have gone through structured bankruptcy, a process that numerous companies have gone through and come out stronger on the other side (i.e. they very likely weren't going to completely vanish as the left wants us to believe without Obama's generous intervention with your taxes), Treasury expects to lose more than $25 billion dollars on that deal. Sure, when you look at just the banks, the government made money on the bailouts -- but when you stop cherry-picking, when you look at all the bailouts -- GM, AIG, etc. -- the government is out billions.
Oh, and meanwhile, one third of the "Big Three" never received a single cent in bailout funds, and today is humming along just fine...
Let's change that. Here's a good article about CNN doing some *gasp!* fact-checking (I know, it's shocking, journalists actually checking facts -- and of the left, to boot!) during the DNC -- and the outcome isn't all that pretty.
This article itself is just some highlights, so by highlighting the article I'm giving you the highlights of the highlights -- that's meta!
"Obama created 4.5 million private sector jobs"
Put aside the question of whether that was, in fact, Obama, rather than the private sector, that created those private sector jobs, and what you actually have is 500,000 jobs less than we did in the private sector; add in the public sector, and we're actually down 1.1 million!
And that's even without taking into account that a person hired multiple times for temporary, short-term work gets counted every time they're hired in that figure -- meaning that the actual number of jobs today is not [arbitrary point in the past sometime after Obama took over in the White House]+4.5 million!
But that's not all! "[S]omewhere around 80% of the jobs that had been lost in this recession and afterwards, were middle to high wage jobs, and about 60% of the jobs we've gained are low wage jobs." Ouch!
"Obama saved the auto industry"
Ignoring the fact that had he done nothing they would have gone through structured bankruptcy, a process that numerous companies have gone through and come out stronger on the other side (i.e. they very likely weren't going to completely vanish as the left wants us to believe without Obama's generous intervention with your taxes), Treasury expects to lose more than $25 billion dollars on that deal. Sure, when you look at just the banks, the government made money on the bailouts -- but when you stop cherry-picking, when you look at all the bailouts -- GM, AIG, etc. -- the government is out billions.
Oh, and meanwhile, one third of the "Big Three" never received a single cent in bailout funds, and today is humming along just fine...
Fact-checking the Democrats - Kromey