Appearing on MSNBC, she was interviewed by Willie Geist who asked her, “What would you say to that same person that said, ‘Well, that hasn’t worked for four years. I haven’t had the job over time, 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, in the Reagan recovery, there’s obviously more we need to do, and as I said to Mika at the at beginning of the program, I think that unemployed worker probably sees one person in this race trying to move the country forward and that’s the president.
Well, we know that Barack Obama is no Ronald Reagan and I pointed that out and gave the numbers to prove it. We also know that Stephanie Cutter knows how to put the ‘sin’ in spin.
In a piece by Jame Pethokoukis titled “Sorry, Stephanie Cutter, the Obama recovery hasn’t created more jobs than the Reagan recovery”, he gives Cutter a major rude awakening of the real numbers involved when it comes to jobs and inheriting a bad economy. Remember, Obama inherited nothing like Reagan did. Pethokoukis writes,
From the end of the recession in June 2009 through July 2012 — the first 37 months of the Obama recovery — the U.S. economy has generated 2.7 million net new jobs. From the jobs low point in February 2010, the U.S. economy has generated 4 million net new jobs.
From the end of the 1981-82 recession through the end of of 1985 — the first 37 months of the Reagan recovery — the U.S.created 9.8 million net new jobs. And if you adjust for the larger U.S. population today, the comparable figure is more than 12 million jobs.
Cutter counts the job gains from the low point of Obama’s term forward. The low point was February 2010 when U.S. nonfarm payrolls measured 129,244,00. In July, they measured 133,245,000 for a gain of 4.0 million jobs in 27 months If you measure the Reagan recovery the same way, he created 8.0 million new jobs in 27 months. And if you measure the Bush recovery the same way, the low point was in August 2003 when U.S. employment stood at 129,820,00. But 27 months later, the figure was 134,654,000 in November 2005 — a gain of 4.8 million jobs.
The reality is this: Neither Reagan or Obama actually created any jobs. Reagan simply set the economic policy of the nation so that jobs could be created by private citizens. Obama has done the opposite and thrown money at his backers.
But in terms of the reflection of their numbers side by side, Reagan’s record reflects so much better than Obama’s. In fact, Jimmy Carter’s record reflects better than Obama’s.
This must be why the DNC asked Jimmy Carter to address the DNC. Even the previous worst President of the United States fairs better than the current one.