False Tweet Alert: Karl Rove

May 11, 2009 4:57 pm ET

The Bush administration presided over the slowest period of employment growth in over half a century. But that's not stopping Karl Rove from attacking President Obama - on Twitter - over recent unemployment reports.

Rove Linked To New York Times Article Titled "White House Forecasts No Job Growth Until 2010"

KarlRove Tweet: "This doesn't bode well 4 pledge the stimulus would create/save 3.675 million jobs. http://twurl.nl/clas7j #TCOT" [Twitter, 5/11/09]

 Not Included In Rove's 140 Characters:

The NYT Article Also Said The "Rate Of Deterioration Had Slowed."  According to the New York Times article Rove linked to: "President Obama's chief economics forecaster said on Sunday that the country was not likely to see positive employment growth until 2010, even if the economy began to grow later this year.... According to figures released on Friday, the unemployment rate in April was 8.9 percent, its highest level in a quarter-century. The so-called underemployment rate, which counts people who are working part time because their hours have been cut and those who have given up looking for jobs, reached 15.8 percent. Still, the administration seized on the report as an early sign that the economy's free-fall was coming to a halt, because the pace of deterioration had slowed. [New York Times, 5/10/09; emphasis added]

President Obama's Policies Have Already Moderated Job Losses

April Job Losses Were Lower Than Expected.  As reported by the Associated Press: "A better-than-expected unemployment report Friday - job losses declined to the lowest level in six months - capped a week of encouraging news, including firmer home sales, a revival in consumer spending and fresh optimism about the biggest U.S. banks...Losses averaged 700,000 a month in the first quarter but dropped to 539,000 in April, according to Friday's Labor Department report." [Associated Press, 5/8/09]

  • Economist Mark Zandi: "Clearly, The Job Losses Are Moderating." As reported by the Associated Press: "'The winds are still howling, but I think we can see the sunlight on the distant horizon,' said Mark Zandi, chief economist at Moody's Economy.com. 'Clearly, the job losses are moderating.'" [Associated Press, 5/8/09]

Look Who's Talking

George W. Bush Left Office With "The Worst Employment-Growth Record Of Any President Since World War II." According to Los Angeles Business, President Bush left office with "the worst employment-growth record of any president since World War II, according to a new analysis from Buffalo Business First... The nation's job base grew at an annual rate of 0.28 percent during Bush's eight years as president -- by far the slowest pace for any of the 11 presidents in the postwar era. The previous low had been set by Bush's father, George H.W. Bush, with an annual job-growth rate of 0.59 percent." [Los Angeles Business, 1/19/09]

As MyDD noted: "This is pretty rich stuff...considering that it was Rove's boss, George W. Bush, who handed Barack Obama a U.S. economy falling off a cliff. Did Herbert Hoover, or his top lackeys, blame Franklin Delano Roosevelt for job losses during his first hundred days in office? And if they had, would anyone have taken them seriously? Rove has absolutely no credibility in this regard."