Or not (via Greg Mankiw's Blog):
It's like someone said once, 'economics doesn't lie, but economists do.'
I'm sure the President's economic team--Tim Geithner, Lawrence Summers, Christina Romer, Austan Goolsbee--are perfectly fantastic economists in their own right. But when they join a political team, they, like everyone else, cherry pick the results to fit their worldview.
And that's how you get ridiculous graphs like the one above.
Remind me: How many jobs has Obama saved or created?
Also, for the interested, the NYT has this interactive unemployment graph. (h/t Matt L.)