Wednesday, July 08, 2009

New Math: Despite Nearly 3 Millions Jobs Lost, Stimulus Has 'Created or Saved' 150,000 Jobs

How long do these people think they can get away with this nonsense? Anyone with functioning brain matter can see unemployment skyrocketing and millions losing their jobs, yet those living in the Land of Make Believe continue to peddle these absurd fantasies and outright lies.
The economic stimulus plan has created or saved 150,000 jobs since its inception in February, a senior White House Budget Office official said Wednesday.

Rob Nabors, the deputy director of the Office of Management and Budget, told a congressional panel that the jobs figure is based on an economic model used by the Obama administration.

He told the House Oversight Committee that the administration didn't differentiate between jobs created and existing jobs saved.

Both congressional Democrats and the Obama administration have continued to state the $787 billion stimulus plan will eventually save or create 3.5 million jobs.
Eventually. And eventually, Obama will no longer be president, and maybe we can begin to recover from this disaster.

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