Throughout the presidential campaign, Romney has said the clock should start in February 2009, Obama's first month in office. If that's fair -- if the president deserves the blame for every job lost on his 11th day in office -- it's true that under Obama, the economy is still in a deep hole and hasn't fully recovered from the losses of early 2009.

But look what happens when we start the clock, as Romney suggests, six months to a year after President Obama was sworn in. In fact, if we don't hold Obama's first year against him, the economy has added over 3.7 million jobs overall during his presidency, and over 4.2 million in the private sector.

That's not the count by my standard; that's the count by Romney's standard.