It is not easy being the deputy campaign manager for a president seeking reelection with an economic record as terrible as President Obama’s. So really, Stephanie Cutter should be forgiven for the alternative reality she has created in order to defend her boss. Asked yesterday by MSNBC’s Willie Geist what she would tell someone who said about Obama, “Well, that hasn’t worked for four years, it’s time for a change,” Cutter responded:
Well, I think that worker probably has a good understanding of what’s happened over the past four years in terms of the president coming in and seeing 800,000 jobs lost on the day that the president was being sworn in, and seeing the president moving pretty quickly to stem the losses, to turn the economy around, and over the past, you know, 27 months we’ve created 4.5 million private sector jobs. That’s more jobs than in the Bush recovery, than in the Reagan recovery.
Oh Stephanie, you do tell such wonderful lies.
When President Reagan was sworn into office, there were 74.6 million private sector jobs in the U.S. economy. At the nadir of that recession, employment fell to just 72.7 million jobs. By August 1984 the economy supported 78.8 million private sector jobs. So from the depths of the recession, to an identical place in Reagan’s term, the Reagan recovery created 6.1 million jobs. Alternatively, from inauguration to August ’84, the Reagan recovery had created 4.2 million private sector jobs.