Fact Check: Pelosi says more jobs created in Obama’s first year than eight years of Bush

Job creation under President George W. Bush was dismal enough that one should not need to lie about it.  Former Speaker of the House Nancy Pelosi continues to parade around with this talking point that Obama (Thus her Congress) created more jobs in his first year than Bush did in all eight of his years.

From PolitiFact

During a May 16, 2011, interview with Bloomberg television, House Minority Leader Nancy Pelosi, D-Calif., praised President Barack Obama’s record on jobs while taking a shot at former President George W. Bush.

“We got in this situation where we had tax cuts for the wealthiest people in our country, which did not create jobs,” she said. “In the first year of the Obama administration, more jobs were created in the private-sector than in the eight years of the Bush administration, with all of the tax cuts that President Bush had.”

House Minority Leader Nancy Pelosi resurrected a talking point about job growth under President Barack Obama in a Bloomberg television interview. Politifact checked her math.

According to the Bureau of Labor Statistics, the economy shed almost 4.2 million private-sector jobs during the first year of the Obama administration — January 2009 through January 2010.

Meanwhile, during eight years under Bush, the economy gained a net 188,000 private sector jobs.

So while job growth under Bush was anemic by historical standards, it was still better than the 4.2 million jobs lost under Obama. That means Pelosi was wrong.

via PolitiFact | Nancy Pelosi says more jobs created in Obama’s first year than eight years of George W. Bush.

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