Rush Limbaugh falsely claimed that job losses in 2008 were a reaction to President Obama's election in November of that year. In fact, the U.S. economy began losing jobs in February 2008, and the pace of job losses began to accelerate prior to the election.
Limbaugh's claim is part of the right-wing media's efforts to erase the collapse of the economy under President Bush and deny Obama credit for economic improvements during his term.
Below is a table showing the monthly change in jobs for the 14 months before Obama took office. Contrary to Limbaugh's statement that "the bottom fell out" after Obama was elected, the economy lost 489,000 jobs in October 2008, which was the largest monthly job loss since May 1980.
More: Limbaugh Laugher: Obama's Election Caused 2008 Job Losses | Blog | Media Matters for America