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Pols Jockey for Jobs Credit

Recorded on June 3, 2012

From The Heritage Foundation, I'm Ernest Istook.

It's easy to confuse people about who gets credit or blame for the economy.

President Obama brags that about 4-million jobs have been created during his Presidency. Any number over a million always sounds big.

But he's ignoring jobs that were lost during the same period of time. From the time Obama took office, until today, we've lost 4 ½ million jobs—half a million more jobs lost than jobs created.

Since the recession began—which was during George W. Bush's presidency, the net loss is even greater--we're still down 5-million jobs. And we need more than that, because meantime our population grew by 10-million people.

Enormous tax increases are barely six months away, and federal regulations are strangling businesses. We don't need happy talk about jobs. We need for government to quit holding back our economy.

From The Heritage Foundation, I'm Ernest Istook.