White House Claims Stimulus "Created or Saved" 2 Million Jobs – Up 900,000 From December's Total
Will these clowns ever stop?
The White House today released their report claiming the failed stimulus created or saved 2 million jobs.
This is up 900,00 jobs from last month’s estimates.
Do you believe this garbage?
In the real world, the economy lost 85,000 jobs last month and the unemployment rate is stuck at 10%.
In the real world, 40% of the unemployed, or 4% of the workforce, a record number of people, or 6.1 million, are now unemployed for over 27 weeks. In November this number was 5.9 million, and a year ago it was a meager 2.5 million.
Nice work, Barack.
The AP reported:
President Barack Obama is trumpeting a new White House estimate that his top economist calls “stunning”: His stimulus plan has already created or saved up to 2 million jobs.
The analysis is part of the administration’s quarterly report to Congress on the controversial $787 billion package of spending and tax cuts he signed weeks after taking office.
Obama planned to highlight the report Wednesday during a visit to a Lanham, Md., training center for union electricians that specializes in “green” technology.
Republicans have denounced the stimulus plan as an expensive flop, pointing to a national unemployment rate stuck at 10 percent and December figures showing the economy shed 85,000 more jobs.
But the report from the President’s Council of Economic Advisers said the economy is a lot better off than it would have been without the stimulus. Citing its own analysis plus a range of private sector summaries, the council estimated the annual growth rate last year would have been roughly 2 percentage points lower, and there would have been 1.5 million to 2 million fewer jobs.