Posted on 02/02/2010 7:23:05 PM PST by Free ThinkerNY
President Obama veered off script – and away from the facts – when he spoke about the stimulus bill today in Nashua, NH.
“Now, if you hear some of the critics, they'll say, well, the Recovery Act, I don't know if that's really worked, because we still have high unemployment,” the president said. “But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we've started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.”
Um, it’s not true that “every economist” has said the Recovery Act has saved or created two million jobs.
What have some of them said?
The chair of his Council of Economic Advisers Christina Romer wrote last month that “The CEA estimates that as of the fourth quarter of 2009, the ARRA has raised employment relative to what it otherwise would have been by 1½ to 2 million.”
In her blog she wrote “approximately 2 million people are employed who otherwise would not be, because of the Act.”
At the end of November, Congressional Budget office Director Douglas Elmendorf wrote that because of the stimulus bill “in the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States..”
But clearly other economists are much more skeptical, including Dan Mitchell at the libertarian Cato Institute, and J.D. Foster at The Heritage Foundation.
Some economists say the whole notion of counting“saved or created” jobs is impossible. Harvard University labor economist Lawrence Katz told ProPublica that trying to count how many jobs have been saved or created is “a silly exercise.”
(Excerpt) Read more at blogs.abcnews.com ...
I knew you could!
He probably misspoke and meant “every communist from...”
At what price, idiot?!
Please provide the facts and documentation upon which you and all of the other exconomists base this assertion. If it is written on monkeys flying out of your A$$, please put a leash on them so I can read them.
I’m an economist and I disagree wth the President. I believe we have a net job loss as a result of the pork bill called a stimulus package. Gee, tha would make the prez a liar, nothing new.
Yes, and most of this was just a transfer of funding of state and local government jobs to the federal “budget”, that’s all.
ZERO jobs created or saved, just another theft from taxpayers.
FAILbama!
It's likely a whole lot fewer than I would like to imagine.
Has anybody noticed that as the number of jobs that have been saved or created rises...so does unemployment?
How can this man live with himself? He lies so much.
Getting to be too much of a joke.
I suppose he could say everyone who still has a job is a job his stimulus saved. By that count the entire workforce is beholden to him except that pesky 10% plus officially unemployed.
practice
He’s under a lot of pressure and has resorted to more nose candy than normal.
Obama just finds some ‘expert’ to justify his own delusions.
I’m reminded of a drug education movie from decades ago. A straw-haired teen states to the off-screen interviewer: “It’s not bad for you; no scientist ever said pot is bad for you.”
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