It’s not at all surprising that the president is out touting today’s jobs report. We added 110,000 jobs last month, and August’s dismal report was revised away: new, more complete data show that we didn’t lose 4,000 jobs in August, we gained 89,000.

It’s really hard to diagnose the economy in the face of such large revisions, but I give it my best shot here. Summary: we’re doing better than we thought but we’re not out of the woods.

But Bush went way beyond the revised numbers, and started riffing about how great job growth has been on his watch. It just ain’t so.

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