A Little Perspective on the “Million Jobs Created or Saved” October 31, 2009Posted by geoff in News.
So let’s take the administration’s very suspect claims at face value, and say “Sure, I believe that you saved 1 million jobs.” Sounds great, yes? In fact, it sounds so great that it makes me want to plot something up:
At the maximum presumed benefit of the stimulus, it has only saved or created about 1/4 of the jobs needed to keep the unemployment situation from getting worse. Apparently that’s entirely satisfactory to the administration, which is bragging about this anemic result. All their statements over the past couple of months indicate that they’re perfectly content with continuing job losses – we’re just going to have to be content with a jobless recovery, and a long-term unemployment rate over 10%.
Heckuva job Larry, Christine, and Jared.