After the colossal, high-profile, and ruinously expensive failure of the trillion-dollar "stimulus" enacted by Democrats after Obama took office, the White House has resorted to blatantly cooking the books to show phony gains in jobs "created or saved."
Ed Morrissey at Hot Air:
The White House now claims that they have saved or created over 2.8 million jobs with Porkulus, the massive spending bill passed in the first days of the Obama administration. How exactly do they get that number? Big Government compares the latest declaration from the White House to their original projections, and discovers that Barack Obama has claimed addition from subtraction:
The number of jobs in the U.S. is currently 129.7 million. So to justify the Administration’s current claim of 2.8 million jobs “created or saved” by stimulus, they need to also claim that without that stimulus there would be only 126.9 million jobs. That’s exactly what they do, displayed as the “baseline projection” level in the graphic below from an April 14, 2010 report …
An inconvenient truth, at least for the Obama Administration, is that once upon a time, in their January 2009 Romer/Bernstein Report they told America that without their stimulus there would be 133.9 million jobs. That’s right, in order to make it look like their stimulus has “created or saved” 2.8 million jobs, the Obama Administration first had to whack 7 million jobs from their previous estimates.
. . . .
They simply subtracted seven million from their previous baseline in order to claim growth that has never materialized.
“Saved or created” has always been a fraud. Now we see how the three-card monty works.
So let's review how Obama's and Congressional Democrats' "stimulus" works:
1. Start with a projection of 133.9 million jobs that will exist in 2010 without the stimulus. How horrible! How unacceptable! We must enact a trillion-dollar "stimulus" bill to prevent this nightmare!
2. Enact ruinously expensive "stimulus" bill, supposedly to create jobs and save the economy, but conveniently and entirely coincidentally paying off every special interest group that supports Democrats. Promise full accountability, transparency, etc.
3. Jobs continue to be lost.
4. Set up a website purporting to show jobs created or saved. Website is riddled wth errors and jobs claims that don't stand up to scrutiny. Get laughed out of the room.
5. Jobs continue to be lost due to destructive, heavy-handed attempts to regulate, tax, spend, and threaten productive businesses all across America.
6. Allow a suitable passage of time to allow howls of laughter to die down and focus to shift elsewhere. Jobs continue to be lost due to continued destructive, heavy-handed efforts to regulate, tax, spend, and threaten productive businesses.
7. Whack 7 million jobs off previous projections for number of jobs that would exist by this date.
8. Voila! 2.8 million jobs have been created or saved!
And that, my friends, is masterful policymaking in action.
Now wait 'til you see how Obama "improves" America's national security.
as usual.. They are after all, experts on this so called lying..
Posted by: medieval costumes | April 21, 2010 at 10:43 AM