Comedy Alert: WH Claims Stimulus 'Saved or Created' 3 Million Jobs

These people are just unable to deal with reality. Despite unemployment around 10% and millions of people out of work since Barack Obama stumbled into the presidency, his people are living in the Land of Make Believe if they think anyone is going to take this seriously.

The Obama administration's stimulus push has saved or created about 3 million jobs and is on track to save an additional 500,000 by the end of the year, according to a new report by President Barack Obama's Council of Economic Advisers.

The report, which will be fully unveiled by Vice President Joe Biden late Wednesday morning, shows that for every dollar spent under the Recovery Act for renewable energy and other projects the private sector is spending $3, according to a White House official.

"The Recovery Act appears to be stimulating private investment and job creation at a time when the economy needs it most," Christina Romer, who chairs the Council of Economic Advisers, will tell a Congressional committee Wednesday, according to excerpts of her prepared remarks.

The report comes as the Obama administration is trying to shore up support for its efforts to stimulate the economy via the $787 billion Recovery Act, passed last year.

They're trying to shore up support for something that passed in February 2009 and has already failed miserably? Um, a little late for that. The idea that it's "stimulating private investment" is just laughable.