He doesn’t seem to know much about the history of labor and the monthly creation of new jobs.
Obama just announced an increase in jobs by 115,000 in April. Romney’s comment:
“We should be seeing numbers in the 500,000 jobs per month,” Mitty said on “Fox & Friends.” “This is way, way, way off from what should happen in a normal recovery.”
It could be that Romney doesn’t know what a “normal recovery” has as monthly jobs growth. During George W. Bush‘s presidency, there was never a single month in which job growth topped 400,000, let alone 500,000, according to Bureau of Labor Statistics. Think Progress pointed out:
“there have only been 16 months since 1939” in which the economy added half a million jobs in one month.
Obama inherited a more severe recession than Bush (and, of course, he inherited it FROM Bush), which meant that he had a greater need for a quick and pronounced recovery. Also, as Bush was dealing with the bursting of the dot.com bubble, September 11th happened, further elongating the timeline for recovery.
And yet, by strictly numerical measures, Obama at this point is doing better than Bush… so somebody should point this out to “Mr. Business”.