Fact checking pathological liar Michele's Bachmann's vain speech

[Joanne98]

January 25, 2011 11:45 pm ET
Insisting that she was not upstaging the official GOP response to President Obama's State of the Union, Rep. Michele Bachmann (R-MN) offered a combative and highly misleading speech of her own following the president's address. In her "Tea Party Response," Bachmann repeated a litany of false right-wing talking points about everything from the Recovery Act and job losses to the debt and "16,500 IRS agents."

Bachmann: "Failed Stimulus," And Unemployment "Spiked"
BACHMANN: Unfortunately, the President's strategy for recovery was to spend a trillion dollars on a failed stimulus program, fueled by borrowed money.<...> Not only did that plan fail to deliver, but within three months the national jobless rate spiked to 9.4 percent. And sadly, it hasn't been lower for 20 straight months. While the government grew, we lost more than 2 million jobs. Let me show you a chart. Here are unemployment rates over the past ten years. In October 2001, our national unemployment rate was at 5.3 percent. In 2008 it was at 6.6 percent. But, just eight months after President Obama promised lower unemployment, that rate spiked to a staggering 10.1 percent.

Unemployment Didn't "Spike" — It Grew Steadily Under Bush-Era Policies...
The Economy Shed Almost 8 Million Jobs Under Republican Policies Before The Recovery Act Could Affect The Economy. According to economist Robert J. Shapiro:

From December 2007 to July 2009 - the last year of the Bush second term and the first six months of the Obama presidency, before his policies could affect the economy - private sector employment crashed from 115,574,000 jobs to 107,778,000 jobs. Employment continued to fall, however, for the next six months, reaching a low of 107,107,000 jobs in December of 2009. So, out of 8,467,000 private sector jobs lost in this dismal cycle, 7,796,000 of those jobs or 92 percent were lost on the Republicans' watch or under the sway of their policies. Some 671,000 additional jobs were lost as the stimulus and other moves by the administration kicked in, but 630,000 jobs then came back in the following six months. The tally, to date: Mr. Obama can be held accountable for the net loss of 41,000 jobs (671,000 - 630,000), while the Republicans should be held responsible for the net losses of 7,796,000 jobs.

Based on Shapiro's research, the Washington Post's Ezra Klein created the following chart showing net job losses before and after the Recovery Act was enacted:

http://politicalcorrection.org/factcheck/201101250021