- - Thursday, July 31, 2014

President Obama has been saying that Americans are doing a lot better than they were before he was sworn into office in 2009.

It’s a claim he’s been repeating everywhere he goes, at party fundraising events and in nearly every interview he’s had in recent months.

“There’s almost no economic measure by which we are not better off now than we were when I took office,” he told Democrats earlier this month at a campaign fundraiser in Dallas.

“We are indisputably better [off] than when I was elected,” he says.

It’s a fundamentally specious, slippery and exaggerated claim that contains more holes than a pound of Swiss cheese — a defensive political ploy that asks Americans to ignore the painfully sluggish, job-challenged economy that he’s put us through for the past 5 years.

He took office in the midst of a severe recession when just about all of the relevant economic data was bad, from soaring unemployment to a shrinking economy.

The average length of time it has taken our country to emerge from postwar recessions has been about two years. We are in the sixth year of the so-called Obama recovery in which the economy’s performance is still being widely called “mediocre,” “sluggish,” “disappointing,” “subpar,” “uneven” and “weak” in countless newspaper reports across the country.

“I don’t think the facts on the ground merit anybody spiking a football and celebrating,” economist Douglas Holtz-Eakin says about Mr. Obama’s boastful claims.

Indeed, this year began with the nation’s economic-growth rate actually shrinking in the first three months by 2.9 percent, a shocking plunge that the administration blamed entirely on the winter weather.

It was the economy’s worst first-quarter performance since 2009, the U.S. Commerce Department said, though the second quarter was expected to be better, economists said this week.

The fact of the matter is that U.S. economic growth under Mr. Obama has been at a meager 2 percent annual rate for some time now, which no economist worth his salt would say is worth cheering about.

Democrats say slower economic growth is the “new normal” in the Age of Obama, but wiser economists dismiss that as pure bunk.

“Since 2000, GDP growth has averaged 1.7 percent per year, whereas during the Reagan-Clinton years, it was 3.4 percent,” says University of Maryland business economist Peter Morici.

Mr. Obama points to the Labor Department’s unemployment rate of 6.1 percent as proof that more Americans are a lot better off under his presidency. However, there are a number of reasons to doubt the government’s figures.

The decline in the official unemployment rate is in large measure a result of millions of discouraged, long-term jobless Americans who have quit looking for work and thus are no longer counted among the unemployed by the Bureau of Labor Statistics.

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