Private-Sector Growth Cracks 1,000,000 Net Jobs Since Recovery Act Took Effect
Most of the statistics Republicans use to criticize President Obama's economic record rely on the same basic distortion: They begin counting in January 2009, when President Obama was sworn in, but months before any policy of his could have any cause-and-effect relationship with economic data. In 2010, economist Robert Shapiro wrote that economic statistics through July 2009 — "the first six months of the Obama presidency, before his policies could affect the economy" — should be blamed on (or credited to) the Bush administration's influence. Using that six-month buffer, and even debiting almost 300,000 lost jobs in July 2009 against Obama's account, the private sector has grown by over one million net jobs since the American Recovery and Reinvestment Act took effect. Meanwhile, despite the chronic Republican claim that all Obama has done is grow the government, the public sector has shed nearly half a million net jobs over the same period.