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The economy, by every metric, is better than when I came into office," Obama told Jon Stewart during his last appearance on "The Daily Show.
Even Liberal Politifact was buying that BS.
"Our ruling
Obama said, "The economy, by every metric, is better than when I came into office."
That claim is too sweeping. Certain measures of wages and income, the poverty rate and the duration of unemployment are all worse now than they were when Obama "came into office."
The statement contains an element of truth but ignores facts that would give a different impression, so we rate it Mostly False.
http://www.politifact.com/truth-o-m...-obama-tells-jon-stewart-economy-every-metri/
Six million more Americans live in poverty today than when Obama was elected. Median household income (in real dollars) was no higher at the end of 2015 than at the end of 2007. The labor force participation rate — the share of working-age Americans who have a job or are looking for one — has sunk to 62.5 percent, a level not seen since the Carter administration. Since the recession ended, the economy has grown at an annual rate of just 2.2 percent. That is way below average for post-recession recoveries. Indeed, this has been the weakest economic recovery in modern times......
Far from anticipating the limping slog of the last seven years, the White House confidently forecast an economic recovery that would feature robust GDP growth of 4 percent or more. It never came close.
More Americans would be working, paychecks would be larger, and public confidence would be sturdier if the economy had bounced back as vigorously as expected. Obama thought he had a better way to fix a recession. Turns out he had a worse way. Live and learn, voters.
The Weakest Economic Recovery in Modern Times - Jeff Jacoby - Page 2
Even Liberal Politifact was buying that BS.
"Our ruling
Obama said, "The economy, by every metric, is better than when I came into office."
That claim is too sweeping. Certain measures of wages and income, the poverty rate and the duration of unemployment are all worse now than they were when Obama "came into office."
The statement contains an element of truth but ignores facts that would give a different impression, so we rate it Mostly False.
http://www.politifact.com/truth-o-m...-obama-tells-jon-stewart-economy-every-metri/
Six million more Americans live in poverty today than when Obama was elected. Median household income (in real dollars) was no higher at the end of 2015 than at the end of 2007. The labor force participation rate — the share of working-age Americans who have a job or are looking for one — has sunk to 62.5 percent, a level not seen since the Carter administration. Since the recession ended, the economy has grown at an annual rate of just 2.2 percent. That is way below average for post-recession recoveries. Indeed, this has been the weakest economic recovery in modern times......
Far from anticipating the limping slog of the last seven years, the White House confidently forecast an economic recovery that would feature robust GDP growth of 4 percent or more. It never came close.
More Americans would be working, paychecks would be larger, and public confidence would be sturdier if the economy had bounced back as vigorously as expected. Obama thought he had a better way to fix a recession. Turns out he had a worse way. Live and learn, voters.
The Weakest Economic Recovery in Modern Times - Jeff Jacoby - Page 2