Fox's Eric Bolling said that "there isn't one" economic metric that has improved since President Obama took office. In fact, the economy stopped shrinking and started growing since Obama's inauguration, private-sector jobs and exports have increased, and employment turned from sharp declines to growth.
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Bolling: "There's Isn't One" Economic Measure That's Improved Since January 20, 2009
Bolling: Nothing Has Improved Since "January 20, 2009, When President Obama Started Calling The Shots." From Fox News' The Five:
BOLLING (co-host): I'm not sure -- you can't say this, though, Bob. Here's what you do. You take a snapshot at January 20, 2009, when President Obama started calling the shots, and you take another snapshot now, and give me one, give me one metric that's better. There isn't one. It's an economic metric.
BOB BECKEL (co-host): Manufacturing, kids who have insurance, women who get equal pay --
BOLLING: Yes, the redistribution metrics are much better. [Fox News, The Five, 5/7/12]
FACT: GDP, Private-Sector Jobs, Exports Are Higher Than When Obama Took Office
BEA: Economy Shrank More Than 4 Percent In Q1 2009; Now, Economy Has Grown For Nine Consecutive Quarters. Data from the Bureau of Economic Analysis, with a chart from the Federal Reserve Bank of St. Louis:
[St. Louis Fed, accessed 5/7/12]
Labor Department: Economy Was Shedding 750,000 Jobs A Month When Obama Took Office; Now, U.S. Has Had 18 Consecutive Months Of Job Growth. Data from the Department of Labor, with a chart from the Federal Reserve Bank of St. Louis:
[St. Louis Fed, accessed 5/7/12]
Wall Street Journal: "The Number Of Private-Sector Jobs In The U.S. Economy Is Now Higher Than The Month [Obama] Took Office." From The Wall Street Journal:
Friday's disappointing employment report showed slowing momentum in the labor market since the start of the year. But President Barack Obama, who officially launches his reelection campaign Saturday, overcame one threshold: the number of private-sector jobs in the U.S. economy is now higher than the month he took office.
With the latest report, total private payrolls are now higher than they were in January 2009. The latest count put private-sector jobs at about 111 million in April (reported as 111.02 million), or 35,000 jobs more than the January 2009 level. Private payrolls as of April were up 760,000 from Obama's first full month in office in February 2009. [The Wall Street Journal, 5/4/12]
NPR: "American Exports Are Up 34 Percent" Since Obama Pledged To Double Exports, "And The Number Continues To Rise." From NPR.org:
In his State of the Union address two years ago, President Obama argued there were a few things the U.S. needed to do in order to recover from the economic recession: One of them was to export more of goods around the world.
"The more products we make and sell to other countries, the more jobs we support right here in America," Obama said.
That night, the president unveiled a new goal: to double U.S. exports over the next five years. It would be an increase the president said would "support 2 million jobs in America."
Most economists dismissed the pledge at the time as somewhat quixotic, but two years later, the U.S. is on pace to meet that goal. American exports are up 34 percent since the president gave that speech, and the number continues to rise. [NPR.org, 4/21/12]