This article concerns the MEET THE PRESS program of 1-23-2011: Transcript 1-23-2011 at: http://www.msnbc.msn.com/id/41195135/ns/meet_the_press-transcripts/
Clyburn [U.S. Representative, (Dem) South Carolina]: “Well, look, what we were facing with families going into bankruptcy because of health care – the biggest cause of individual bankruptcy was over health insurance. So what the president did here — and I think if we look at it, of the 1.1 million new jobs, 20 percent of those jobs are in the health care industry.”
more accurate for Clyburn to say health care costs contribute to most bankruptcies, not that they are the cause of most bankruptcies
Hughes [Bush Advisor and the Administration Under-Secretary of State for Public Diplomacy—2005/7]: “And so you can talk about new jobs, but the, the vast majority of jobs have been lost since December of 2008 when President Obama became — was preparing to become president. We’ve lost 8 million jobs, and we still have a stubbornly high unemployment rate of 9.4 percent.”
. According to the Bureau of Labor Statistics, total nonfarm employment (the standard measure of jobs) declined by nearly 8.4 million between its most recent peak in December 2007 and when the job slump bottomed out two years later, in December 2009. Of those lost jobs, 4.4 million disappeared while Bush was president, and just under 4 million vanished during Obama’s first year.
Bush’s last month in office saw a particularly severe job loss: 779,000. Adding those losses to Obama’s column and subtracting them from that of Hughes’ ex-boss would (incorrectly) put the totals at 3.6 million jobs lost under Bush and more than 4.7 million lost under Obama. Even that wouldn’t be a disparity that we would characterize as "vast." But vast or not, the comparison is wrong.
Click on the following for more details: Job Loss, Health Care and Bankruptcy | FactCheck.org
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