Updated: Obama brags about the economy, ignoring most of the facts. The Stock Market did not buy his brag or the jobs report.

151,000 jobs (40,000 short of expectations)  created with no discussion as to how many jobs were lost (74,100 jobs were cut in January, btw).  He brags about consecutive job creation records,  but fails to mention that 70% of all these monthly reports have been coupled to job losses that exceeded the announced positive totals.  In other words,  he is not talking about net jobs.  

Unemployment comes in at 4.9%,  best average dating back to 2008 and the year the economy collapsed.  He is bragging about a report that was higher than any of the Bush years.    No mention of real unemployment  (9.9%);  no mention of record welfare enrollment (nearly double the numbers of the Bush administration);  no mention of the record number of Americans no longer looking for work (a 35 year low).  No mention that we are in a recessionary season;  no mention of the 1.4% real GDP average for Obama's 7 years.  

Same ol' same ol'.  He fools no one who reads,  certainly not Wall Street which is down 243 points as I write, 30 minutes before the close.  

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