Hands down, this has to be the most galling thing a White House has had to put in its Transcripts session (emphasis mine):
As a consequence of that swift, decisive, and sometimes difficult period, we were able to take an economy that was shrinking by about 6 percent and create an economy that is now growing, and has grown steadily now over many consecutive quarters. Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)
When your best argument on economics has become a laugh line, it’s time to rethink your economic policy.
Of course, it didn’t take long for the White House to correct the record:
It did seem a little strange — because why would Obama supporters laugh at job creation? But the matter prompted some informal wagering within the press corps on the over-under for how long it would take the White House to put an end to the laughter — especially after the link appeared at the top of the heavily trafficked Drudge site.
At 4:04 p.m. on Tuesday, the corrected transcript appeared: Laughter changed to applause, and noted with an asterisk. The White House declined comment on the record.
Ah, OK. So it’s just the rest of the country that’s laughing at Obamanomics. By the way, 2.1 million jobs in 15 months is 140,000 per month, which is just barely above the rate needed to keep up with population growth (100K-125K per month). It’s somewhat akin to bragging at a swimming meet about one’s ability to tread water. At this rate, it would take about 55 months to make up the 2.2 million jobs lost since the start of the Obama administration.
Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at [email protected] with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!