President Obama ordered Congress to “pass this bill” more than a dozen times last night. There is just one problem: no such bill exists. After Obama’s speech, White House Senior Adviser Valerie Jarrett said Obama would be drafting the legislation next week. If Obama really wanted his “American Jobs Act” to pass, he would have had the text of the legislation ready for everyone to read last night.

Instead, the White House circulated a bogus Fact Sheet which even the Associated Press quickly pointed out was filled with “highly iffy propositions.” The biggest bamboozle Obama tried to pass off was that his plan “is fully paid for.” The AP exposed this falsehood: “Essentially, the jobs plan is an IOU from a president and lawmakers who may not even be in office down the road when the bills come due. … there is no guarantee that programs that clearly will increase annual deficits in the near term will be paid for in the long term.”