Obama endlessly cites the loss of 750,000 “per month” just before he took office, as if that bottom was destined to be continued forever but for Obama.
It’s the extrapolation fallacy.
This video pretty much sums up the theme:
Yet why shouldn’t Obama own at least some of those job losses between his election and inauguration?
Businesses plan ahead. And what businesses saw in Nov. 2008 – Jan. 2009 was exactly what we ended up experiencing, a massive imposition of the regulatory state on vast sectors of the economy, runaway deficits, hostility to the energy sector, and general gross incompetence.
How many of those job losses were the result of businesses preparing for Obama? And how do we prove it?
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