Stimulus saved or created up to 2 million jobs in 2009, White House says

LA Times ^ | January 13, 2010 | Don Lee and Jim Tankersley

[Panzerlied]

Reporting from Washington - The Obama administration, offering evidence that its much-maligned efforts to spur economic recovery have begun to take hold, said Tuesday that the $787-billion stimulus program saved or created 1.5 million to 2 million jobs last year.

These latest figures from the White House Council of Economic Advisors are certain to be challenged by Republicans, but the employment and economic effects of the stimulus cited in the report are generally in line with estimates from some leading private economists as well as the nonpartisan Congressional Budget Office.

"This is truly a stunning effect" of the Recovery Act, Christina Romer, chairwoman of the council, said in a conference call with reporters.

[Panzerlied]

"Still, the U.S. economy lost a net 4 million jobs last year even with the stimulus."

Which is like bragging that your team only got beat by 40 points, rather than 6o!

[cranked]

[gov_bean_ counter]

Jobs saved is a latex glove number...

[ought-six]

Prove it! The only jobs “created” or saved were in the unproductive, non-revenue producing public sector (i.e., government jobs): NO jobs in the private sector were created. ObaMugabe and his lemming camp followers will spin anything.

[Aracelis]

BS - just ask my son-in-law who has been looking for work for the last 9 months. No construction jobs, no roofing jobs, and not even McDonald's is hiring.

Hey Obama! My son-in-law needs a job!

[paulycy]

Is that a B plus?

[Westlander]

Where ? Prove it. Sure the he// it didn’t create duck squirt here in MI.

[sonic109]

Jobs saved is a totally made up , unprovable number.

[TYVets]

I wonder what Recovery Act, Christina Romer, chairwoman of the council had been sniffing before making that asinine remark?

[mikey_hates_everything]

That puts the cost at between $400,000 to $524,000 per job. Another Obama system that is working.

[Venturer]

Didnt he just change the way he counts jobs saved to perk up the numbers.?

This administration is a lie from front to back

[tobyhill]

Put this one out there front and center right along side the 10% unemployment (18% real unemployment). We need a good laugh every now and then.

[gusopol3]

Thanks for doing the math. Where do I sign up for one of those jobs?

[gakrak]

I thought “Baghdad Bob” died. I didn't realize that he was working for Zero. Only someone like Bob could spin a yarn this dumb and really believe it. Amen.

[EVO X]

Prove it! The only jobs “created” or saved were in the unproductive, non-revenue producing public sector (i.e., government jobs):

According to BLS figures, unemployment increased in the public sector from 2.3 to 3.6 or a decline of about 275K jobs for the last year. If they are creating jobs, they are losing jobs faster than they are creating them..

[crazyhorse691]

That puts the cost at between $400,000 to $524,000 per job.

---

I had to recheck my math as I couldn’t believe that that would be a stat that anybody in their right mind would brag about...then I remembered who is bragging..

[lucky american]

I'm sorry. I just can't believe this crap.
The only jobs the government has saved or created are government jobs.
I really don't see a lot of Wall Street bankers out there paving roads and building bridges.

[DoorGunner]

Faux-stimulus

Faux-jobs

Faux-bama

[RoadTest]

It’s pure governmentspeak. There’s no truth in it.

[Rebelbase]

Proof that smoking crack is a requirement to be an adviser to the Obama Administration.