On yesterday’s Bulls and Bears, in a discussion that purported to be about whether or not the President has a mandate after his re-election. Brenda Buttner "asked," "Four more years of big government means four more years of job losses?"

Panelist Todd Schoenberger said, "Absolutely, Brenda… Look, big government is not the answer… We've seen government expand over and over again… Nothing is going to change. What does this mean? We're looking at ObamaCare, we’re looking at Dodd Frank, heavy regulation, heavy overhead costs, and companies will not go out and hire."

In reality, as Huffington Post reported, recent data shows net job growth under Obama. The economy was losing 750,000 jobs per month before Barack Obama became President. Since February 2010, 4.4 million jobs have been created.

Tobin Smith later said, "If bigger government meant for more employment, then California and France would have the most vital economies in the world." Everybody laughed.

After Jonas Max Ferris reminded everyone that California has the biggest and greatest economy, Buttner said, "Biggest doesn't necessarily mean greatest, does it, Gary B. (Smith)?"

"No it doesn't,” Gary Smith agreed. “We seem to be settling into this thing…(that) government can create jobs. (Federal) government cannot create jobs… Its job is not to hire teachers, that’s the biggest canard out there… If Jonas was right, we would've seen millions and millions of net jobs created from the stimulus, instead we saw zero.

According to the nonpartisan Congressional Budget Office, the stimulus added up to 3.3 million jobs.