Obama-“In the six months before I took office, we lost nearly four million jobs. And we lost another four million before our policies were in full effect. Those are the facts. But so are these. In the last 22 months, businesses have created more than three million jobs. Last year, they created the most jobs since 2005. American manufacturers are hiring again, creating jobs for the first time since the late 1990s. Together, we’ve agreed to cut the deficit by more than $2 trillion. And we’ve put in place new rules to hold Wall Street accountable, so a crisis like that never happens again.”

The truth- Here, Obama tries to inoculate himself from the inevitable charge by the eventual GOP presidential nominee that he has the worst job-creation record of any president since World War II. (Let us stipulate that all of these job-creation claims are fairly bogus, given how every president is at the mercy of the business cycle, but it appears to be central to our politics.)

As Obama noted, some 4 million jobs were lost at the start of his administration, putting him in a deep hole if he wants to show positive job growth in his presidency. But the nearly $1 trillion stimulus was passed into law in February, and so the carefully phrased claim of “we lost another four million before our policies were in full effect” is a stretch.

That’s because it took a full nine months to run up 4 million in job losses, some eight months after the stimulus was passed into law — and some four months after the official end of the recession, according to Bureau of Labor Statistics data. (The 4 million in losses before Obama took office occurred in the previous nine months, not six months as the president stated.)

Trying to change the focus from his overall job-creation record, the president focuses on private-sector jobs created since the recession ended. Those numbers are largely right, but they are relatively anemic given the depths of the recession. (Note that he describes a loss of 8 million jobs and then mentions a gain of only three million.)

Obama does not mention that Republicans forced him to accept $2 trillion in budget cuts during the debt-ceiling impasse. And he says “we’ve put in place” new rules on Wall Street, glossing over the fact that it had little Republican support and the GOP candidates have all vowed to repeal the Dodd-Frank law.

*There is more..but I left it here:
http://www.washingtonpost.com/blogs/fact-checker/post/fact-checking-the-2012-state-of-the-union-speech/2012/01/25/gIQAa5CTPQ_blog.html?hpid=z4

Watching this dude run for re-election and defend his atrocious record (keep in mind the SCOTUS is taking up Obamcare and will most likely have a ruling before the election) is going to be fun, kinda like watching a 2 year fight off sleep!