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Title: Idiot Lying Obama Laugher: “Every economist” says I saved or created 2 million jobs
Source:
[None]
URL Source: http://hotair.com/archives/2010/02/ ... ved-or-created-2-million-jobs/
Published: Feb 4, 2010
Author: Ed Morrissey
Post Date: 2010-02-04 12:43:45 by dont eat that
Keywords: None
Views: 4263
Comments: 18
Jake Tapper is a little confused, and so am I. The White House supposedly abandoned the “saved or created” jobs metric because of its fantasy elements and prefers now to count jobs “funded” through Porkulus, an order that came from one of the chief economists in the White House, Peter Orszag. So why did Obama claim to a Nashua, New Hampshire audience on Tuesday that he had “saved or created” two million jobs? “Now, if you hear some of the critics, they’ll say, well, the Recovery Act, I don’t know if that’s really worked, because we still have high unemployment,” the president said. “But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.” Every economist? A good rule of thumb to consider the truthfulness of any speaker is his use of the terms always, never, none, all, and every. Those terms usually provide a key for a lie or a gap in knowledge — and Tapper points out the truth: At the end of November, Congressional Budget office Director Douglas Elmendorf wrote that because of the stimulus bill “in the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States..” But clearly other economists are much more skeptical, including Dan Mitchell at the libertarian Cato Institute, and J.D. Foster at The Heritage Foundation. Some economists say the whole notion of counting “saved or created” jobs is impossible. Harvard University labor economist Lawrence Katz told ProPublica that trying to count how many jobs have been saved or created is “a silly exercise.” And in fact, in December the Office of Management and Budget director Peter Orszag issued a directive scrapping the whole “saved or created” construct. Why is the “saved or created” meme “a silly exercise”? Economic policies will get judged on whether they promote growth in both production and jobs. On that metric, Obama flopped in his first year. Prior to the 2007 recession, the US started on the path of both production and job growth within 12 months of the start of the recession. Obama took office in the 13th month, three months after a financial collapse. Twelve months later, we’re still shedding jobs with no end in sight. That’s the real measure of economic policy, and so far, Obama’s failing. The White House only documented 650,000 jobs supposedly saved or created — and that was when the construct collapsed. The counts included jobs that were never at risk in the first place, double-counted some jobs, counted jobs that had yet to be created, and so on. The most infamous of these claims involved a single lawnmower that supposedly saved or created 50 jobs. In the end, even the man in charge of the website that proclaimed these supposed victories admitted that he could not certify any of the data at Recovery.gov last November — which is why Orszag told his OMB staff to stop claiming jobs “saved or created.” Apparently, that memo didn’t get to Obama, or more likely, Obama simply likes to make claims that are flat-out false, and the use of “every” is a the key to understanding that. “Every economist” doesn’t buy the 2 million saved or created claim; in fact, not every economist in his own administration would support that claim, because it isn’t true, and Obama knows it.
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#1. To: dont eat that (#0)
(Edited)
Hilarioius...just yesterday you were arguing the opposite vis-a-vis Boy Blunder's tax cuts...
I think my prediction of 3 GOP Senate seats lost, and between 6 - 8 House seats is proving to be correct. But I think I nailed this one. We'll see. Badeye posted on 2006-11-03 16:11:09 ET Reply Trace ACtual results: House +31 Dems Senate +6 Dems
With each passing day, more voters are realizing Owe-Bama lies, fabricates, and simply doesn't have a clue what he's talking about.
Its getting uglier out there...
54 million in my area to raise a RR bridge that only the N V Wine Train owned by a descendant of the maker of Rice a Roni uses. WooHoo!! 12 jobs saved. Supposedly from TARP (Bush era) funds to the Corps of Army Engineers.
How many jobs would be lost if the flood control project left the railroad without a bridge? The thing to complain about is the no-bid contract - not the bridge.
The thing to complain about is the no-bid contract - not the bridge. Not that many, under 30 I believe. During past years the flood waters and debris just went over the bridge, but since the flood control project (which I didn't vote for BTW) the Corps has decided the RR bridge is the weak link and needed to be raised. All the flood control project has done is allow hotels to be built in the previous flood zone right up to the riveredge, and given us a bridge I believe the Queen Mary could pass under, if the river was deep enough.
Looks to me like there's plenty of water during a flood in areas already built up. http://napafloodcontrol.com/photo-history-of-napa-flooding.html What was the dollar cost of the 1986 and 2005 floods? More or less than the cost of the flood control project?
The 2005 flood was actually caused by the flood project. The 1986 was caused by the lack of dredging of the river which some say which was intentional to get this passed for the interested corporate interests. Careful and consistent dredging, which has never been practiced in the forty years I have been here, should have been tried first.
Apparently the majority of your neighbors didn't agree with you they voted for and passed the measure to increase sales taxes to provide their share of the cost. The point that is relevant to the discussion is that the project was not undertaken for the purpose of rebuilding a bridge for a private railroad.
Have you ever taken notice that your posts lack substance. Like a fart in a windstorm they are. You are like unto a bar of soap, the more you talk the more you wash away.
I support the right. But I'm leaning to the left.
The point that is relevant to the discussion is that the project was not undertaken for the purpose of rebuilding a bridge for a private railroad. True after it had been turned down many times before. Apparently the project is a make work for the Army Corp of engineers, as the RR says they themselves are actually against having the bridge raised. The bridge has caused no problems in the past as most debris goes over it, and I doubt even with a raised bridge that the train would need to be running tourists upvalley during a 100 year flood.
You think that 'added' to the conversation, huh? (laughing)
Its getting uglier out there...
Use caution my friend, there's not much left.
So why do you bother soiling this site with your vacuous and inane commentary? ... yukon haha lots of laughing out loud
We're not friends.
Its getting uglier out there...
Both politic sides seem to have bought into the religious model of Old Testament type of prophecy and practice, and need for a messiah with the voters seen a manipulatable flock. Good old analysis or practical discussion seems frowned upon, as you see what happens whenever anyone here or at some of the other sites tries it.
Yes, it is as you say. A never ending parade of political messiah's waved in front of their noses. When they turn out to be useless lying, corrupt humans another one is brought out and they begin all over again. The caravan passes and the dogs bark.
So why do you bother soiling this site with your vacuous and inane commentary? ... yukon haha lots of laughing out loud
There grows no wheat where there is no grain.
Lets not confuse the stockmarket with the economy, okay? Badeye posted on 2003-08-28 14:37:45 ET Reply Trace
And the women run out to collect the dung for cooking.
(chuckle)
Its getting uglier out there...
#2. To: dont eat that (#0)
#3. To: dont eat that (#0)
#4. To: mininggold (#3)
54 million in my area to raise a RR bridge that only the N V Wine Train owned by a descendant of the maker of Rice a Roni uses. WooHoo!!
#5. To: lucysmom (#4)
How many jobs would be lost if the flood control project left the railroad without a bridge?
#6. To: mininggold (#5)
All the flood control project has done is allow hotels to be built in the previous flood zone right up to the riveredge, and given us a bridge I believe the Queen Mary could pass under, if the river was deep enough.
#7. To: lucysmom (#6)
(Edited)
What was the dollar cost of the 1986 and 2005 floods? More or less than the cost of the flood control project?
#8. To: mininggold (#7)
Careful and consistent dredging, which has never been practiced in the forty years I have been here, should have been tried first.
#9. To: Badeye (#2)
With each passing day, more voters are realizing Owe-Bama lies, fabricates, and simply doesn't have a clue what he's talking about.
#10. To: lucysmom (#8)
Apparently the majority of your neighbors didn't agree with you they voted for and passed the measure to increase sales taxes to provide their share of the cost.
#11. To: Abu el Banat (#9)
#12. To: Badeye (#11)
#13. To: Abu el Banat (#12)
#14. To: Abu el Banat (#9)
Have you ever taken notice that your posts lack substance. Like a fart in a windstorm they are. You are like unto a bar of soap, the more you talk the more you wash away.
#15. To: mininggold (#14)
#16. To: Abu el Banat, mininggold (#15)
#17. To: Abu el Banat (#15)
The caravan passes and the dogs bark.
#18. To: mininggold (#14)
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