via Media Matters:
Fox News host Brian Kilmeade falsely claimed that the economy has lost 8.8 million jobs under President Obama’s stewardship, a staggeringly false comment devoid of any relationship to reality.
The Associated Press report Kilmeade was referring to stated:
The economy shed a staggering 8.8 million jobs during and shortly after the recession. Since employment hit bottom, the economy has created just over 4 million jobs. So the new hiring has replaced 46 percent of the lost jobs…
In reality, the Bush administration presided over the first net loss of jobs since Herbert Hoover. From January 2001 through March 2004, America lost more than 1.6 million jobs overall, and more than 2.4 million jobs in the private sector. And that was only Bush’s FIRST recession. By comparison, the Obama administration has turned the massive job losses from Bush’s Great Recession into gains. At the same point in President Bush’s term, the total number of private sector jobs was still down 1.7 percent from where it began.
Source: Think Progress
Yes, the economy is struggling under the continuing burden of tax cuts for the rich and public sector layoffs. The Obama administration could have done, or at least attempted, much more in the way of economic recovery. But the Faux News can’t get away with blaming Obama for Bush’s Great Recession. The Republicans must answer for that!