Obama: CBO Report Nonsense, Raising Minimum Wage Will "Create 140,000 Jobs"

President Obama, despite analysis and facts to the contrary, stated this week that the Congressional Budget Office's analysis on raising the minimum wage is wrong.

Instead, the President pushed his own narrative, seemingly making up numbers out of thin air.

In their analysis, released this month, the CBO found that raising the minimum wage to President Obama's proposed $10.10 would have catastrophic effects on employment rates.

Quoting directly from the source, the CBO stated:

According to CBO’s central estimate, implementing the $10.10 option would reduce employment by roughly 500,000 workers in the second half of 2016, relative to what would happen under current law.

The President today said that this finding was wrong. In fact, the President announced, raising the minimum wage would somehow create 140,000 jobs.

You can read the specific post that the President wrote here.

Here the specific tweet:

No where does the President cite where he got this information and why it so wildly contradicts the non-partisan findings of the CBO.

In comparison, the CBO's report is 39 pages long, while the President's "facts" contain nineteen words, twenty if you include his hashtag.