“The Great One,” Mark Levin leaned on an American Spectator piece by Heartland’s Peter Ferrara to begin the second hour of his October 5 radio program. That day, you might remember, was the day the Bureau of Labor Statistics released the new jobless numbers that set the unemployment rate at 7.8 percent — the first time the unemployment has been below 8 percent since the first month of the Obama presidency.
Levin, who like Ferrara, is a veteran of the Reagan White House, reached back to an August 1, 2012 column Ferrara wrote for the American Spectator titled “Obama’s Calculated Deception.” He read much of the following part of Peter’s piece on the air, which you can listen to on the embedded audio player.
In Monday’s Wall Street Journal, Edward Lazear, former Bush chairman of the President’s Council of Economic Advisors, notes, “A graph titled ‘Private Sector Job Creation’ on the Obama-Biden campaign website… announces proudly that 4.4 million private sector jobs have been created over the past 28 months.” But that factoid is meaningless out of any context, more like a pediatrician boasting to you that under his care your 16-year-old son has grown to 4 feet 4 inches. At the same point during the Reagan recovery, the economy had created 9.5 million new jobs.
Moreover, Lazear correctly adds, “there hasn’t been one day during the entire Obama presidency when as many Americans were working as on the day President Bush left office.” That’s right, contrary to the Obama campaign’s misleading claim of 4.4 million new jobs created, total jobs today are still half a million less than in January 2009 when Obama entered office.
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