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    Posted October 8, 2009 by
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    Thousand Oaks, California
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    Sound-off

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    Stimulus has saved or created 1 million jobs, ahahahahaha!

     

    Christina Romer of Obama's Council of Economic Advisers said today the Stimulus package has saved or created 1 million jobs. Err really what's her proof?

    She said the analysis is in the middle of the plausible range. What range? Give or a take a million? I don't know because she doesn't say what that range is, so she isn't saying anything.

    She claimed the stimulus was 'in part the reason for the economy improving'...what part, how much?

    Obama said if he didn't sign the Stimulus unemployment would go to 9% if he did sign it it would got to 8%. He signed it and it went to 9.7%. Maybe he meant in a few years it would go to 8%.

    Romer said, it's likely to hit 10% this year and her analysis didn't estimate what it would have been if it wasn't signed. Hey in all fairness Obama was only off by 170%.

    Romer further added; 'You first have to moderate the decline before you start seeing increases, before you start seeing job growth'. My gawd, how profound.

    Romer said that analysis was partially arrived at by 'a statistical model of the effects of tax cuts...[on job and economic growth] . Wait a minute isn't the left fond of saying that there is no positive effect of tax cuts on economic growth? OOps!

    Lastly she said that we are on target for saving or creating 3.5 million jobs with the stimulus. A figure that started at 1.5 million and then went up with regularity to top off at 3.5 million as the figure was eclipsed by the unemployment figures topping 9 million.

    Oh well doesn't matter anyway because there's no way to quantify these claims as proven by todays statements. And after all, not one job has to be created they just have to say 3.5 million were saved with no way to prove it. They'll probably say 10 million were saved. They can say whatever they want, not many people listen

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