In a March 7 Associated Press "analysis," Tom Raum suggested that President Obama is to blame for job losses since he took office -- an argument rejected even by conservative CNBC host and National Review Online economics editor Larry Kudlow, who is reportedly considering running for the United States Senate as a Republican.
In his AP analysis, Raum wrote:
And while his personal popularity remains high, some economists and lawmakers are beginning to question whether Obama's agenda of increased government activism is helping, or hurting, by sowing uncertainty among businesses, investors and consumers that could prolong the recession.
Although the administration likes to say it “inherited” the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama's still-young watch.
Every day, the economy is becoming more and more an Obama economy.
More than 4 million jobs have been lost since the recession began in December 2007 -- roughly half in the past three months.
Raum's suggestion that Obama is to blame for roughly 2 million job losses “in the past three months” is undermined by the fact that Obama has been in office for only the past month-and-a-half. Moreover, at least one conservative economic commentator has rejected the notion that Obama is at fault for the mounting job losses. Kudlow -- while advancing the unfounded claim that Obama is responsible for the falling stock market -- said on the March 6 edition of CNBC's The Kudlow Report: “I will not blame [Obama] for the recession or the high unemployment rate. All of that ... began before his watch. Mr. Bush has got to take the rap for that in the last year of his administration.”