Jobs Created and Saved
June 10, 2009 Leave a comment
If you have heard President Obama speak since the his election day victory and the release of his stimulus plan you have heard about how his plan will create and save jobs. Look up any economic statement he has made and you will find it there, including yesterday.
Let me provide a little blurb from the Wall Street Journal, a newspaper filled with economic types.
Of course, the inability to measure Mr. Obama’s jobs formula is part of its attraction. Never mind that no one — not the Labor Department, not the Treasury, not the Bureau of Labor Statistics — actually measures “jobs saved.” As the New York Times delicately reports, Mr. Obama’s jobs claims are “based on macroeconomic estimates, not an actual counting of jobs.” Nice work if you can get away with it.
You cannot measure that figure and there is no way to measure such a figure. No one does it. The President is making numbers up. The question then becomes why and honestly, the only reason he would has to be to justify his initiatives. If you have to lie to the public with fake numbers, not even misconstrued facts, what does that say about your policies?