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Using Romney math, Obama added 3.7m jobs to economy during his term

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The Washington Post's Greg Sargent explains how Mitt Romney is again lying, this time about President Obama's record on jobs' growth. Here Greg quotes the NYT:

Mr. Romney frequently says that Mr. Obama has presided over an economy that has lost hundreds of thousands of jobs. In a recent news release, the Republican campaign said, “Under President Obama, the nation has lost 552,000 jobs.”

But that statistic includes Mr. Obama’s first year in office, and especially the months of February, March and April, when monthly job losses from the economic collapse were at 700,000 or higher.

Just ignoring February of 2009, before any of Mr. Obama’s policies — including the economic stimulus — had been put into place, would wipe away all 552,000 lost jobs, giving the president a record of creating 172,000 jobs.

If Mr. Romney’s team were to ignore Mr. Obama’s first year in office — as Mr. Gillespie suggested should be done for Mr. Romney’s first year as governor — then the president would have added about 3.7 million jobs to the economy.

Of course, Mr. Romney’s campaign is unlikely to change its rhetoric or strategy. His bid for the White House depends on the idea that Mr. Obama has made the economy worse. Because the country has been adding jobs for nearly two years, Mr. Romney’s argument depends on the steep job losses in Mr. Obama’s first year in office.
So basically Mitt Romney is trying to blame President Obama for the jobs lost by George Bush.

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