OBAMA: “After years of grueling recession, our businesses have created over 6 million new jobs.”
THE FACTS: That’s in the ballpark, as far as it goes. But Obama starts his count not when he took office, but from the point in his first term when job losses were the highest. In doing so, he ignores the 5 million or so jobs that were lost on his watch, up to that point.
Private sector jobs have grown by 6.1 million since February 2010. But since he became president, the gain is a more modest 1.9 million.
And when losses in public sector employment are added to the mix, his overall jobs record is a gain of 1.2 million.
OBAMA: “We have doubled the distance our cars will go on a gallon of gas.”
THE FACTS: Not so fast.
That’s expected to happen in 12 more years.
Under a deal the Obama administration reached with automakers in 2011, vehicles will have a corporate average fuel economy of 54.5 miles per gallon by 2025, twice the 27 miles per gallon, on average, that cars and trucks get today. Automobile manufacturers won’t start making changes to achieve the new fuel economy standards until model year 2017. Not all cars will double their gas mileage, since the standard is based on an average of a manufacturers’ fleet.
OBAMA: “Already the Affordable Care Act is helping to reduce the growth of health care costs.”
THE FACTS: The jury is still out on whether Obama’s health care overhaul will reduce the growth of health care costs. It’s true that cost increases have eased, but many experts say that’s due to the sluggish economy, not to the health care law, whose main provisions are not yet fully in effect.