Right Thinking From The Left Coast
The price of anything is the amount of life you exchange for it - Henry David Thoreau


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Of Jobs and Spending

One of the more egregious examples of Obama’s Merry Bullshit Parade has been his promise last November to save or create 2.5 million jobs with the stimulus plan.  Although there no way to empirically measure if a job has been “saved” by the stimulus, it does provide the President with a ready-made meme to tout whenever he does what he does best--completely make up numbers to suit his needs. (Hal has pointed this out in his healthcare posts)

Well, as Aaron-Free Will’s recent post showed, not only has the stimulus NOT delivered the promised jobs, unemployment has actually risen beyond what the administration projected had the stimulus not passed at all.  Things are grim enough that even the media is calling him on it:

Obama’s aides had mocked reporters for making a fuss over his first 100 days in office, but the president was eager to assess the first 100 days of his $787 billion economic stimulus package.

It has “saved or created nearly 150,000 jobs,” he said, including “jobs building solar panels and wind turbines; making homes and buildings more energy-efficient.”

The White House job claims are difficult to verify because they are based on estimates of how bad the economy might have been without the stimulus rather than actual employment data. The country has lost 1.3 million jobs since February, a figure the Obama administration says would have been far higher if not for the recovery effort.

Notice the rhetorical sleight-of-hand at play here--Obama claimed back in November that the stimulus would “save or create” 2.5 million jobs, and promoted the plan as necessary for stabilizing unemployment long enough for the economy to recover.  The administration notably predicted that unemployment levels would drop to the same level within five years REGARDLESS of whether the stimulus passed or not.  Now Obama is saying that 1.45 million jobs would be lost rather than 1.3 million if the stimulus hadn’t been passed.  Never mind that our friends at Innocent Bystanders have noticed that stimulus spending hasn’t exactly been gushing forth like a geyser and creating jobs.

While this may simply be an example of the President trying to cover up for an economic recovery plan that hasn’t come close so far to delivering what he promised, I’m still holding out on the theory that he’s deliberately holding back a great deal of the spending until next year, when Democrats in Congress will need something tangible to promote in order to justify the trillions of dollars that are supposedly being allocated for this program.  So one is left with either unexcusable incompetence or rank cynicism as the foundation of the plan’s execution.

One little problem--Obama is saying that we are out of money. So where exactly is all this money going to come from to pay for this?

Posted by on 05/28/09 at 10:11 PM in • Permalink

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