Boom!! It's Official, President Obama is Now a Net Job Creator :)

[trailmonkee]

from kos: http://www.dailykos.com/story/2012/09/27/1137108/-Obama-is-now-a-net-job-creator

It doesn't usually make much of a splash when the Bureau of Labor Statistics does a benchmark revision on payroll data. But when that revision, adding 386,000 jobs to the previous, less reliable estimate, suddenly means that there's been positive net job creation under President Barack Obama and that Mitt Romney no longer has one of his big attacks on the president, the words "the Bureau of Labor Statistics did a benchmark revision on payroll data" become a lot more politically sexy.

According to the revision, total non-farm payrolls stood at 133.686 million jobs in August, up from 133.561 million in January 2009, when Obama's first term began. Before the revision, payrolls were at 133.300 million in August.

In other words, 125,000 jobs have been created, in total, during Obama's first term, compared with a prior estimate of a loss of 261,000.

Because Romney has relied so heavily on attacking Obama for having presided over net job loss, don't be surprised if Republicans start denouncing this revision as somehow political. But in fact, these revisions are routine and this one is, at 0.3 percent, well within the normal range. It's a small adjustment. It's only making news because it tips Obama from a little bit on the negative side to a little bit on the positive side, and Romney's campaign is on such shaky footing that this small shift will be a big political blow.
The really sad thing is we could have gotten to this point long ago if so many public sector jobs hadn't been cut.

[madamesilverspurs]

1. Good.

Imagine what the numbers would be had there been no obstruction from congressional Republicans. Bastards.


-

[Tennessee Gal]

2. Yep. What you said. nt

[Scuba]

4. Yeppers.

[Liberal_Stalwart71]

3. Damn! Those numbers would be awesome absent ReTHUG obstruction!

How will Robme defend this during the debate? The president has so much to brag about.

[Ellipsis]

5. Curious... what was the net job loss for Bush in the 4 years of his second term?

[yodermon]

6. The narrative will just change to "Obama *ONLY* created 125,000 jobs in 4 years"

watch it

[trailmonkee]

7. it's a tipping point... imho

[ProSense]

12. What are Romney and Republicans going to do

brag about Bush?

<...

As a political matter, Pat Garofalo notes another salient angle: even if the early 2009 job losses are held against President Obama, he's now broken into positive territory for his first term. It also means more jobs were created in Obama's first four years than during George W. Bush's first four years -- and Bush didn't inherit a global economic catastrophe.

http://maddowblog.msnbc.com/_news/2012/09/27/14125453-the-386000-jobs-we-didnt-know-about

[surrealAmerican]

13. That's the important comparison.

I doubt the media will be mentioning it much somehow.

[trailmonkee]

14. I think it is smart that they aren't whining about it too much.... the numbers will start to speak..

... for themselves and the repukes will look even more trivial as they try to trash Obama's Success...

[Cha]

8. Thanks trailmonkee

[trailmonkee]

9. .

thank you!

[Scurrilous]

10. K & R

[tavernier]

11. IMO, they should be banging the drum much louder on the obstructionism

of congress.

Every time the finger is pointed at Obama for not doing enough, that digit should firmly be grasped and yanked in the direction of Boner, et al.

[porphyrian]

15. . n/t

[slackmaster]

16. WADR to the President, he didn't create my job. No president has ever created a job for me.

Government in general creates only a small fraction of the jobs in this country - About 8% overall. The other 92% are created by the private sector.

[trailmonkee]

17. hey wait.... this is supposed to be a happy occasion?

[slackmaster]

18. I am VERY happy that jobs are being created!

I just don't buy into the myth that the President is creating them.