Tuesday, February 23, 2010

CBO Claims Million Jobs Saved or Created In One Quarter

Boy, these guys on Team Obama never give up, do they? Now we have the head of the CBO, that highly vaunted federal auditing and budget scoring committee, who can't score the Obama healthcare proposal, coming out and saying that anywhere from 1 million to 2.1 million jobs were saved or created in the last quarter of last year.

One problem. They don't use actual data for that statement; instead they do what the former professor and liberal think tank employee and recycled Clintonista does best. They used a model.
Stimulus contractors say they've created about 600,000 jobs directly from the spending, but the CBO uses economic modeling to reach its conclusions. That accounts for the wide range of potential job creation.
Yeah, that is what happens when you don't have any people with any actual private sector experience advising you on economic matters.

BTW, Elmendorf replaced womanizer Orszag as head of the CBO after Orszag moved on to bigger and better things in the Barry O administration, and I ain't talking about all of the women he has managed to bed and the illegitimate children he has fathered.

We are all familiar with models, aren't we. I mean, the IPCC uses them all the time to chart the gospel of climate change, and we all see how that is working out.

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