Skip to comments.Three Million Jobs: Really?
Posted on 07/15/2010 7:11:35 PM PDT by Nachum
The White House can repeat these jobs saved or created numbers as often as it wants; it wont make them true. Consider this Business Week report on a study released today by the Council Of Economic Advisers:
The report says the stimulus has saved or created about 3 million jobs, and is moving toward a goal of 3.5 million jobs by the end of the year, according to an administration official speaking on condition of anonymity before the reports release today.
As it turns out, when you unpack the numbers, you find that Romer and her team didnt actually count how many people got a job thanks to the stimulus. Instead, the number is a projection that relies on the myth that a dollar of government spending creates up to 2.5 dollars of economic growth.
(Excerpt) Read more at corner.nationalreview.com ...
The list, ping
I still do not see any tangible increase in government services despite the trillion dollar outlay of cash. The money seemingly evaporated into the ether.
“We’ve got so many new jobs, we’ve got to import illegal aliens from Mexico.”
I wuz disappointed to find that the unemployment numbers are made up from surveys. There is nothing I can do to get counted as unemployed.
President Obama said today he finds it hard to sleep knowing so many are unemployed in the nation. Though it doesn’t seem to have affected his golf game
We got lots of “This is one of Obamaglory’s Wonderful Stim-U-Projects” signs.
The magic 2.5 factor. Just remember. If you spend money you can't afford using your credit card you create $2.5 of economic growth which should pay the CC bill when it comes due. Wait, isnt that how we got into this credit bubble-contraction mess to begin with?
So with all this economic growth we shouldnt need the debt commission Obama hired to raise our taxes, Right?
Those who’ve lost their jobs since The Joker took office will find this number a little hard to believe...
There is more science in ****ing chicken entrails.
It’s one of those feel-good numbers that is impossible to prove and impossible to disprove.
Stupid and irresponsible... Just another act by the Democrats to try to salvage the situation. Geez, the bad part is that most of America will be oblivious to the problem with our politics and their corrupt others.. Just when will politics become a major part - ie. actually believe what they say (good luck with that)...
Neither party shows us that! The trouble is that we have become a two party system and both parities are corrupt! Can we say “we give up”... or can we say, let’s elect a different person... Not really sure that either will work!
Yes... both parties are Corrupt to the core... We have little chance of changing thing at this rate. The only thing that we can do is elect the opposite of the party in charge - great choice!
If this does not change for the better, we will have to resort to more active means...
The red star, fittingly enough, is Obama's "stimulus".
The cahrt shows civilians employed in millions.
IF that dollar has previously been taxed out (of) the economy?
WTF else does he think a dollar of "government" money comes from???
Is it true that when a temporary agency signs on a worker (and he or she fills out a tax form) that the “employment” is listed as a real job? I know a guy who is out of work and he signed onto three different temp agencies. He never once, in two months, has been able to obtain even a day of work with any of the agencies. He said that when he went in to sign up there were lots of people also signing up.
If temp agency sign ups are counted then there are thousands of “jobs” being counted out there that do not exist.
I retired from a top 20 company. They have scads of money on-hand that they could invest in new-business building in the U.S. but choose to just hold onto.
OTOH, they have assets on the ground in about 80 other countries. Net, money that could be sunk into capital projects in the U.S. (and the associated jobs) probably will be spent elsewhere and the jobs created elsewhere.
And no, the products are not sent to the U.S. to stiff U.S. labor; they will be purchased by consumers in those other countries.
” The money seemingly evaporated into the ether.”
My bet is that this money which evaporated will mysteriously re-appear in the run-up to the 2012 election. Call it CREEP - the Con to Re-Elect the Creep, uh, President I mean.
The IMF reports the same results as Barro on ‘stimulus’.
LMAO. In the best legislative speak, I failed to identify what may be, but is not limited to, things which are ‘suitable offerings’.
Excrement would definitely qualify as a suitable offering, regardless of illegal dumping restrictions. But if you or your dog craps by a sign and no one is there to hear it fall, does it exist?
Or to prove.
It is no "accident" that the documented statement ..if we pass blah blah blah, 3.5 million jobs will be created...", clear, unqualified and unequivocal, repeated ad nauseam in 2009, is in the record for all to see.
"Created or saved" is a fraud, the result of panic and the rhetorical admission that the Obama administration hasn't a clue.
Jobs created is documentable and fact.
Jobs saved is speculation and opinion.
The present regime continues to count on, and exploit, the short attention span and the abysmal ignorance of their "base," and generally the ignorance of the American citizen (voter).
We don't want pompous rhetoric and simply words. Of leadership, results is the ultimate and only measure of competence.
The world's most powerful and desireable country is no place for leadership to learn on the job...
It’s Obamanomics: in which unquantifiable data is used to support unprovable assertions in the service of unrelated objectives. It’s closely related to Obama Alchemy, which is a form of transformative magic in which you take other people’s gold and turn it into sh!t.
First of all, I want to emphasize that jobs have not been counted. The numbers are simply panicky guesses pulled out of thin air.
This is a good time to ask.
FR is a microcosm of our country. At least in terms of employed non-government taxpayers who contribute positively to the economy and the expenses of government, all by themselves.
I can't turn my brain off and accept the absurd notion that government employees create wealth, which is the only possible way to expand total national wealth, the cure for the discredited mercantilism of the 18th Century.
Is there a thread where Freepers can contribute to the real state of our economy by listing jobs losses (or gains) on a personal level?
I would like to contribute to that thread, if it exists. If it does not, perhaps start one.
Real world facts vs the current administration's alternate reality.