“This is what President Obama said the jobless rate would be if we passed the stimulus: 5.6 %.”

Claim: “This is what President Obama said the jobless rate would be if we passed the stimulus: 5.6 %.”

Ad(s): Actually Happened

Sponsor(s): American Crossroads

Air Dates: October 2 – October 11

Total Estimated Spending On This Claim:  $6,817,156 ($13,634,312 Total)

Markets: Colorado Springs, Denver, Grand Junction, Ft. Myers, Gainesville, Jacksonville, Miami, Orlando, Tallahassee, Tampa, West Palm Beach, Cedar Rapids, Davenport, Des Moines, Omaha, Ottumwa, Quincy, Sioux City, Rochester, Charlotte, Greensboro, Greenville, Raleigh, Wilmington, Boston, Burlington, Manchester, Portland, Las Vegas, Reno, Cincinnati, Cleveland, Columbus,   Dayton, Toledo, Zanesville, Charlottesville, Norfolk, Richmond, Roanoke, Washington D.C.

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Politifact Summary: But we find that’s a stretch. In the evidence the group provided, Obama doesn’t mention that statistic. Rather, he introduced “projections” that included a chart showing the jobless rate falling to 5.6 percent under a recovery plan. The report highlighted the estimates’ “significant margins of error” and high uncertainty due to a recession that was “unusual both in its fundamental causes and its severity.” The economy was, in fact, much worse than economists knew. The chart is now infamous, but it was never pitched as a promise.

 

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