Posted by | January 6, 2012 18:07 | Filed under: Top Stories

As Mitt Romney presses the claim that two million jobs were lost under President Obama, Paul Krugman puts the number in context:

It’s true that 1.9 million fewer Americans have jobs now than when Mr. Obama took office. But the president inherited an economy in free fall, and can’t be held responsible for job losses during his first few months, before any of his own policies had time to take effect. So how much of that Obama job loss took place in, say, the first half of 2009?

The answer is: more than all of it. The economy lost 3.1 million jobs between January 2009 and June 2009 and has since gained 1.2 million jobs. That’s not enough, but it’s nothing like Mr. Romney’s portrait of job destruction.

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Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.