First Obama lies And Now Senator Schumer is Lying about Job Losses

By Warner Todd Huston
Monday, October 5, 2009

You know, our job losses are bad enough without President Obama and now Senator Chuck Schumer lying about it all and making it sound even worse than it is. But this particular lie is a very particular lie, one that is aimed to make the presidency of George W. Bush the bad guy.

Job losses occurred during Bush’s last year in office, of course. But both the president and now Schumer are blatantly lying about the extent of those losses. Just last week President Obama used this lie, as he did in mid September.

Here is what the president keeps saying:

“When I came into office, we were losing 700,000 jobs per month. Credit was frozen so that small businesses and large businesses alike couldn’t borrow. You couldn’t get an auto loan even if you had good credit. People were losing their homes at an extraordinary pace.â€