President Obama’s Premature Victory Lap

Submitted by Lance Roberts via RealInvestmentAdvice.com,
President Obama Creates 15M Jobs
In a recent op-ed by President Obama for the economist wrote that his team has created a ‘more durable, growing economy’ with ’15 million new private-sector jobs since early 2010.’
No. Not Really.
But, hey let’s give him, and the mainstream media that recirculated this overly-optimistic spin, an ‘A’ for effort. The chart below shows the total number of jobs created by each President going back to Ronald Reagan. Since the President takes office on January 20th, I have calculated the job gains from February 1st through the end of their Presidency. (Importantly, President Bush only served one term following Reagan.)

This post was published at Zero Hedge on Oct 13, 2016.