Saturday, May 2, 2009

Whatever We Do: Don't Hire Him To Clean It Up

"At President Obama’s April 29 news conference, he claimed that the American Recovery and Reinvestment Act has 'already saved or created over 150,000 jobs.' Wait a minute. Isn’t the number of jobs actually plummeting?

According to the Bureau of Labor Statistics, the economy lost more than 1.3 million jobs in the two months after he took office, and it has probably lost at least another half-million in April. The day after Obama spoke, the Department of Labor announced that another 631,000 workers (seasonally adjusted) had filed new claims for unemployment insurance the previous week.

So what 150,000 jobs was Obama talking about?

It turns out the president’s claim is really an estimate of what his economic advisers think the stimulus bill is doing, and not based on any evidence of its actual effects."


-- Jess Henig, making us wonder how long this delusional fantasy world can last - or, put another way, how many of these outright lies the voters can accept - before their heads explode from the lack of political reality, like they've been necklaced by The Wire.

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