Continued from page 1

Friday’s Bureau of Labor Statistics report is expected to show the economy created 235,000 jobs in July, with the jobless rate holding at 6.1 percent. “But that hardly tells” the full story, Mr. Morici says.

Many Americans who want and need full-time jobs “are stuck in part-time positions … at lower wages,” which a lot of businesses find preferable. Obamacare’s employer health insurance mandates will not apply to workers on the job less than 30 hours a week, he says.

When you add discouraged adults, who say they’d look for work if the economy improves, to part-time people who want full-time jobs, “the real unemployment rate becomes about 15 percent,” Mr. Morici says.

Another huge hole in Mr. Obama’s self-serving claims has to do with the extraordinary lengths the White House and its friends in the news media exaggerate the significance of the nation’s monthly job numbers.

“The economy has created only about 6 million new jobs during the Bush-Obama years, whereas the comparable figure during the Reagan-Clinton period was about 40 million,” Mr. Morici reports.

The Gallup Poll surveys Americans across the country weekly to measure the nation’s real employment data. Its latest numbers put the national unemployment rate at 6.4 percent and the underemployment rate at 15 percent.

As for Mr. Obama’s preposterous claim that Americans are “better off now than we were when I took office,” Gallup’s polling data suggests otherwise.

When Gallup asked Americans this week how they’ve been doing economically, 40 percent of them said they were “struggling,” 4 percent said they were “suffering,” and 8 percent said they were under “stress.”

If the White House needs further hard evidence of how the American people view the Obama economy right now, they should take a look at the survey data Gallup released Tuesday showing that economic confidence was “down sharply.”

Its U.S. Economic Confidence Index plunged six points last week, “the largest one-week drop since last October, and the lowest weekly index score since December.”

The index measures what Americans think of the U.S. economy now and whether they think it is getting better or worse.

Only 19 percent said the Obama economy is “excellent” or “good,” while 35 percent said it is “poor.” When they are asked what they think about the economy’s future, 60 percent said it was getting worse. Just 35 percent said it’s getting better.

If Mr. Obama truly believes Americans have never had it so good since he took office, he’s been talking to the wrong people. He’s presided over an underperforming, slow job-growth, declining-income economy, according to just about every available economic measure.

Donald Lambro is a syndicated columnist and contributor to The Washington Times.