After describing some challenging times in America's history, Obama completely misrepresented the unemployment rate under Bush when he stated:

But the devastation remains. One in 10 Americans still cannot find work. (emphasis added)

Lie #1 came right off the bat during BO's SOTU -- and his transparent lie made me furious. The unemployment rate is not still 10%. Dec. 2008 unemployment was 7.2% (released beginning of Jan 2009). Jan. 2009 unemployment was 7.6% (released Feb. 2010).

By stringing a few immodest sentences between January 20, 2009 and January 20, 2010, Obama obfuscated his own failures and simultaneously misrepresented Bush's accomplishments. Here's the fuller text:

Again, we are tested. And again, we must answer history's call.

One year ago, I took office amid two wars, an economy rocked by a severe recession, a financial system on the verge of collapse, and a government deeply in debt. Experts from across the political spectrum warned that if we did not act, we might face a second depression. So we acted -- immediately and aggressively. And one year later, the worst of the storm has passed.

But the devastation remains. One in 10 Americans still cannot find work. ...

Hey, "52." Get you numbers straight. In the last year, the unemployment rate has not stayed unchanged. Rather, thanks to your policies, it has risen by at least 2.4%. And no, the devastation does not remain. It has only just begun. And there will be three more years of it.