Posted by
JeffC on Wednesday, June 10, 2009 7:00:00 AM
Please see the video clip below:
CNN Most Popular - Save and Create Jobs
Proof of the double speak referenced in my last post. According to Dr. Bernstein himself in the Promer-Berstein Report (Jan 09) they predicted that the stimulus bill would keep unemployment below 9% (more like 8%). Now we're over 9% and they call that saving or creating 150,000 jobs.
Maybe my math and logic skills are rusty, but if the Obama Stimulus Plan was to keep unemployment low, and we've exceeded their numbers, how do you call that job creation? If I don't fire any of my employees, does that count towards the number of jobs saved? If over the normal course of business (not as a result of the stimulus bill-which hasn't helped my business) I hire more employees, does that count as jobs created?
This has gone much farther than political double-talk. Maybe we should call it "Obamics": the merging of Obama economic theory with political talking points to create a new 'truth' that is unproveable.