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Fantasy jobs
NY Post ^ | February 18, 2010 | BRIAN M. RIEDL

Posted on 02/18/2010 3:09:01 AM PST by Scanian

Last year, White House econ omists claimed that the $862 billion stimulus would create 3.3 million jobs. Since then, the nation has lost more than 3 million jobs.

That's a 6.3 million jobs gap. By the White House's own standards, the stimulus failed.

So President Obama has shifted his argument. Sure, the economy lost jobs, he concedes -- but without the stimulus, it would've lost nearly 2 million more jobs.

This is nothing but faith-based economics. The White House estimate of "saving" nearly 2 million jobs is based not on observations of the economy's recent performance -- but merely on the administration's unshakable belief that deficit spending must create jobs and growth.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: jobssaved; obama; stimulus; unemployment

1 posted on 02/18/2010 3:09:02 AM PST by Scanian
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To: Scanian

The real stimulus $$ is being held back for election year vote buying. Standard Dem politics.

The real unemployment rate is 17.5% or higher. That’s lie number one. Good thing Dems and Repubs let in all these illegal alien workers because we couldn’t find Americans to hire...


2 posted on 02/18/2010 3:11:11 AM PST by TigerBait
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To: Scanian

That’s a 6.3 million jobs gap

^
Bravo! First time I’ve heard that in the press...


3 posted on 02/18/2010 3:16:22 AM PST by Son House (The Learning Curve for Democrats on Macroeconomics is getting Exponential)
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To: Scanian
Removing water from one end of a swimming pool and pouring it in the other won't raise the overall water level, no matter how large the bucket.

This should be required reading for all liberals.

4 posted on 02/18/2010 3:39:01 AM PST by Rocky (Obama's policy: A thousand points of lies.)
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To: Scanian

I think ever American has a fantasy job.
Perhaps a suntan lotion cart and a beach in Rio.
Count 1 more fantasy job saved Mr. Obama


5 posted on 02/18/2010 4:56:13 AM PST by Waverunner ( "Think for yourselves and let others enjoy the privilege to do so too." Voltaire)
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To: Scanian

I’ve never seen a White House that was so out of touch with reality. Even Jimmy Carter’s White House knew what was going on...they simply couldn’t do anything about it. The 0bama White House is living in a parallel universe and the people are starting to realize it. For that reason, I propose that the following should become themesong for the 0bama White House...

http://www.youtube.com/watch?v=g5pvpIvz5YQ&feature=related


6 posted on 02/18/2010 5:02:16 AM PST by NRG1973
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