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November 5, 2009

Another Obama Farce – Jobs Saved

by @ 11:39 am. Filed under Economics, Labor, Politics

Government doesn’t create jobs, the private sector does. But wait, Barack Hussein Obama has spent the past months telling American’s they also “save” jobs. Really? This is spin out of control and one more fanastic lie coming from the Leftists in the White House.

How can President Obama claim to be creating jobs when Americans know unemployment is rising under his regime? The AP explains:

For economists, it’s far too early to discuss job creation, said University of Chicago economics professor Steven J. Davis, the author of a book and several studies on the subject. Meaningful data won’t be available for years, he said. Compounding the problem, Davis said, is that Obama has invented a new standard to measure success: Jobs saved.

Measuring job creation is complicated but possible. Counting jobs saved by the stimulus is, if not impossible, murky.

“How do you know what a saved job is? How do you know what jobs would have been lost without this?” Davis said. “That was a clever political gimmick to make it even harder to determine whether this policy has any effect.”

Again from AP:

Most of the numbers being tossed around, including the 900 figure Obama cited, come from a transportation formula estimating the number of jobs “supported” by government spending. It doesn’t count new or saved jobs, and the Transportation Department has cautioned against applying the formula to the stimulus.

But even those DOT numbers are highly suspect. Heritage analyst Ron Utt explains:

As this paper demonstrates, most of the alleged economic benefits are based on grossly exaggerated claims made by a U.S. Department of Transportation (USDOT) computer simulation conducted in 2000 and 2002. In fact, the vast majority of independent academic and federal government studies on the rela­tionship between infrastructure spending and eco­nomic activity have found that the impact is very modest and long in coming.

Dwayne Horner at Townhall writes:

Barack Obama has morphed his rhetoric from just creating jobs to “create or save jobs.” Problem is, my friends, how do we count a “saved job?” In essence, with the main stream media’s help, we’ve given The One a “Get out of Jail Free card” because no one can define it.

Imagine Company X announcing they are laying off 100,000 people. Obama swoops in and says “But they were going to lay off 200,000 people – I saved 100,000 jobs.” He doesn’t have to have any way of proving this, the media isn’t going to ask for proof and the economy doesn’t improve … but he’s made his quota.

Change we can believe in.

Actually, deceptive change we had better not believe in. Indeed!

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