Fact checking the first 2012 presidential debate - KLTV.com-Tyler, Longview, Jacksonville, Texas | ETX News

Fact checking the first 2012 presidential debate

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Regardless of whom you favored in last night's debate between President Obama and Governor Mitt Romney, neither of them made it off the stage without tell a fib or two.

Hard facts were few and far between during the first presidential debate. When it came to jobs, the President touted his job creation.

"Over the past 30 months, we've seen 5 million jobs in the private sector created," Obama said.

In reality, we've gained about 4.4 million jobs, but we've also lost 4.3 million jobs since he took office. So truthfully, the net gain has been more like 125,000 jobs in four years.

Romney's statement about Americans out of work wasn't completely accurate either.

"Look at the evidence of the last four years. It's absolutely extraordinary. We've got 23 million people out of work," Romney said.

In that number he's not just counting how many Americans are unemployed. He's also counting how many Americans have part-time employment, but wish to be full time,  Americans that are underpaid and Americans that have given up on finding a job altogether.

President Obama also said he had a plan to cut the nation's deficit by $4 trillion.

"It's on a website. You can look at all the numbers. What cuts we make and what revenue we raise," he said.

But what the President failed to mention was that $2 trillion of the deficit would be reduced regardless of his re-election, due to legislation passed last year by both parties and the wars ending in Iraq and Afghanistan.

Though this statement from Romney might have held your attention, "gasoline prices have doubled under the President. Electric rates are up."

The truth is, presidents have almost no influence on gasoline prices which are set by a series of financial exchanges around the world and the price of crude oil. Electricity prices have increased by less than one percent per year, which is actually slower than the growth has been in the past.

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