The Obamedia fails to question the President's "jobs created or saved" formulation, says Bill McGurn.

"You created a situation where you cannot be wrong," said the Montana Democrat (Max Baucus). "If the economy loses two million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs. You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."

At least a few outlets are starting to notice.