The Obama Administration today declared that exactly 640,239 jobs had been created or saved as a result of the American Recovery & Reinvestment Act (a.k.a. The Stimulus Bill.)
So if the White House can tell us precisely how many jobs were created or saved then why can't they tell us precisely how many jobs were created and precisely how many jobs were saved?
Because they are weasel words. The unemployment rate has climbed more than 2% since Obama took office. So there aren't exactly many new jobs being created. The October job numbers come out a week from today. I would not be surprised if the unemployment rate hits double digits. Why else talk about jobs being saved? But how can the federal government state with any certainty that an employer would have terminated an employee if not for the stimulus money?
It's the kind of thing you would expect from someone who says he will bring about health care for every American without adding a dime to the deficit.
Friday, October 30, 2009
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