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Mr. Obama's comments yesterday are a perfect illustration of just such a claim. In the months since Congress approved the stimulus, our economy has lost nearly 1.6 million jobs and unemployment has hit 9.4%. Invoke the magic words, however, and -- presto! -- you have the president claiming he has "saved or created" 150,000 jobs. It all makes for a much nicer spin, and helps you forget this is the same team that only a few months ago promised us that passing the stimulus would prevent unemployment from rising over 8%.
If the "saved or created" formula looks brilliant, it's only because Mr. Obama and his team are not being called on their claims. And don't expect much to change. So long as the news continues to repeat the administration's line that the stimulus has already "saved or created" 150,000 jobs over a time period when the U.S. economy suffered an overall job loss 10 times that number, the White House would be insane to give up a formula that allows them to spin job losses into jobs saved. "You would think that any self-respecting White House press corps would show some of the same skepticism toward President Obama's jobs claims that they did toward President Bush's tax cuts," says Mr. Fratto. "But I'm still waiting."
Finally, somebody are speaking the truth about Obama phony job claim.
Last edited by NEPatriot; 06-10-2009 at 09:04 PM..
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We've covered this ground oh I dunno about 150,000 times now.
Yes there is high unemployment, yes it's been unfolding since dubya's departure, and yes, the stimulus has hardly gotten underway.
So if you have relatively low unemployment and the trend is for it to get worse, you could go from 2-3% unemployment despite a stimulus that saves 150,000 jobs. It just would not have gone to 3.X%. Duh. Basic math.
Same basic math applies to a situation with extremely high unemployment.
This is Bush's recession, clowns. September 2008 kicked all this off, not January 2009.