Wednesday, January 13, 2010

640M Jobs Saved Or Created You Say?

Hey!! Now wait just one minute. Didn’t we just explain that gov’t spending cannot create jobs on a net basis, that even if all of the so-call "stimulus" money was spent in 5 minutes, that it’s the equivalent of taking water out of one end of the pool and putting into the other, at best? I think we did. Then what gives? Obama tells us today that, "As of the end of the fourth quarter of 2009, $263 billion of the total $787 billion included in the Act, or about one-third of the total, has been outlayed or received as tax cuts. If one includes spending that has been obligated but not yet outlayed, the fraction is over one-half." He then tells us that about 640,000 jobs were saved or created by recipients of the funds as of the end of Q3. That is just swell Obama, nice work. One little problem - you are a liar (Your campaign promises were all lies. Why not one more you say?)

"Saved or created" huh Obama? Newspapers and other media outlets across the US have so far identified 94,341 fake jobs reported by your staff as "saved or created." We are reminded by the Heritage Foundation that after the GAO issued a report finding "significant reporting and processing problems that need to be addressed," your spokesman Ed Pound offered this defense of the jobs numbers, "Who knows, man, who really knows."

We do.

We know exactly what the job numbers are, and from the Bureau of Labor Statistics, the only organization in the US which has for years compiled this data, through both a household and an establishment survey. We had that report last Friday. The US shed 85,000 jobs in Dec/09, bringing the total to 2.7 million jobs lost since the stimulus was passed, and 3.4million since BO became president.

Now BO, if I were you I’d re-think your strategy of treating the masses like rocks. We’re not that dumb and you’re about to get bit in the ass my friend.

Robert Craven

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