Anyone who remembers, say, his campaign pronouncement that a Kansas tornado had left “ten thousand dead” and “an entire town destroyed” (the 2007 storm actually killed twelve people) knows that President Barack Obama (D-IL) hasn’t been one to worry about playing fast and loose with a few facts or numbers.
However, his dogged refusal to deviate from his standard talking point of “150,000 jobs created or saved” by the $787,000,000,000.00 American Recovery and Reinvestment Act (also known as the “stimulus package,” or, my personal favorite, “Porkulus”) is beginning to lend itself to more than a little head-scratching by observers.
A Claim Unchanged by Time
Mr. Obama and his administration have been making the claim for several weeks now. On May 27, “White House economic advisers” announced the “stimulus” had “created or saved 150,000 jobs” since its inception 100 days before — an average increase (or savings) of about 1,500 jobs a day. Twelve days later, on June 8, Vice President Joe Biden (D-DE) made the same proclamation on a conference call with reporters: the stimulus had “saved or created 150,000 [jobs]” to date.
Theoretically, there should have been about 18,000 more jobs than that, given the twelve day interval between the May 27 announcement and the June 8 call, but never mind that. Just for good measure, despite the fact economists and simple observers who had the virtue of being awake alike were throwing up their hands in disbelief that a presidential administration would actually make such a claim about something as obviously incalculable as a “saved” job, Biden added the assertion that there had been “no ‘reasonable’ challenges to the estimates.”
Last Wednesday, July 8 — a full 30 days after the Biden conference call, and 42 after the initial 100 day claim of “150,000 jobs created or saved,” Mr. Obama’s deputy director of the Office of Management and Budget announced the “stimulus” had — you guessed it! — “created or saved 150,000 jobs since its inception in February.”
Why Settle for Millions When You Can Have 150,000?
Judging by the administration’s own claims alone, that’s one stimulus package that seems to have lost its, well, stimulation. Interestingly, Mr. Obama Himself said in early June — just after he first made the 150,000 job claim — that he was “not satisfied” with the package’s progress. Then this past Saturday, July 11 — after a full month of no job creation or savings, according to his administration’s claims — he suddenly declared that the stimulus had been a success, and that it has “worked as intended.”
So the intent of this $787,000,000,000.00 legislation, which the president claimed would “create or save 3.5 to 4 million jobs,” was actually to “create or save” 150,000 jobs in the first 100 days, then hold fast at that number? That seems like a wise investment — only $5.25 million of taxpayers’ dollars per job!
Don’t Look at This Website Number
Funnily enough, the one official deviation from this line is on Mr. Obama’s website. There, an interactive map which purports to track the number of “jobs created or saved by the Recovery Act” in every state in the Union claims 1,086,000 jobs “created or saved” in the states of California, Texas, Florida, and New York alone.
How these amazingly inflated numbers were arrived at is likely as much above Joe Biden’s “pay grade” to determine or explain (his words) as is the Obama administration’s method of coming up with the 150,000 number.
Real Numbers
All of this comes, of course, amidst one ironclad fact: the American economy has shed nearly 2.3 million jobs since the American Recovery and Reinvestment Act was passed by Congress and signed into law by Mr. Obama, according to the Bureau of Labor Statistics. During that period, the unemployment rate has climbed from 8.1% to 9.5%.
Add to that the admission from Dr. Cristina Romer, chairman of the President’s Council of Economic Advisors, that the administration has no way of telling how many jobs were “created or saved” because they simply don’t have a baseline to work off of.
From a CNBC transcript:
MARIA BARTIROMO [Host]: When the stimulus was first announced, the President said that he expected that in the coming years the administration, based on the policies on economic revival could save or create 3.5 million jobs. At this point does the administration know how many jobs have been created or saved?
ROMER: You know, it’s very hard to say exactly because you don’t know what the baseline is. Because you don’t know what the economy would have done without it.
This is noteworthy for two major reasons.
First, this appears to be the first time an Obama official has stepped in front of the renowned (and feared) Obamabus and admitted there is simply no way to prove the employment numbers Mr. Obama and his staff have been throwing around aren’t just made up from thin air.
Second — and this may be the most important — Romer is coauthor of the report that established the baseline numbers and formula for calculating jobs supposedly “created or saved” by the stimulus. It was her report that initially made the claim that the “stimulus” would “create or save” 3.5 to 4 million jobs. Further, she and her council released a report just this week — “Preparing the Workers of Today for the Jobs of Tomorrow” — that Mr. Obama claimed in his radio address last weekend “confirms that our plan will likely save or create three to four million jobs.”
Which is it, Mr. Obama? Dr. Romer, who wrote this report, says there’s simply no way to tell how many jobs have been “saved or created” — yet you claim the same person’s report proves you right and gives hard numbers.
All the while, hundreds of thousands of real, calculable, and documentable jobs are being lost by real Americans every month, who live in real cities and towns across the country. How’s that for stimulus success?
Published at PajamasMedia
Steve Maley
Neil Stevens
People are starting to see the mendacity
Marcus_Traianus (Diary) Tuesday, July 14th at 9:13AM EST (link)The administration can only continue to lie for so long. When real people are feeling the pain, business are suffering and the economy is at a virtual standstill no amount of mendacious speech will convince them otherwise. Notice Obama and the Democrats sinking poll numbers. The marketing campaign is at its end.
Buried in the WSJ today is an article by Mort Zuckerman. I am not his biggest fan, but this happens to be very well written and titled The Economy is even Worse than You Think
“Both of our political parties, at least the honest portion of them, agree conscientiously in the same object—the public good; but they differ essentially in what they deem the means of promoting that good. One side believes it best done by one composition of the governing powers; the other, by a different one. One fears most the ignorance of the people; the other, the selfishness of rulers independent of them. Which is right, time and experience will prove.”.Thomas Jefferson
He's not lying, really.
Steph C (Diary) Tuesday, July 14th at 9:44AM EST (link)You forgot to put his words through the translator. What Obama means by the words he uses are always the opposite of what we understand the meaning to be.
“Saved or created” jobs then becomes government sponsored and destroyed jobs. If he says it worked, he’s saying that it hasn’t worked well enough and he must destroy more, which is why we need a second “stimulus”. What’s the opposite of stimulate? The first didn’t do enough.
And, no, I’m not being snarky. I’ve listened to him say things time and again about what he does or doesn’t want. Then, what he does is the opposite of what he said he does or doesn’t want. That’s not just the economy but everything.
“[I]f the public are bound to yield obedience to laws to which they cannot give their approbation, they are slaves to those who make such laws and enforce them.” –Candidus in the Boston Gazette, 1772
Hillbilly Politics
Spot-on, JE. Keep it up.
Crowe (Diary) Tuesday, July 14th at 10:04AM EST (link)JE: tone-perfect, simple, to-the-point, and, IMHO, the-beginnings-of-devastating. But only the beginnings. Such analysis will, IMHO, be the stuff of throwing the bums out in 16 months.
“We sleep soundly in our beds only because
rough men stand ready in the night to visit violence upon those who would do us harmDear Leader Obama gives us leave to do so.”Barry Has Taken To Bragging About Stimulus
Spartan4Life (Diary) Tuesday, July 14th at 1:01PM EST (link)It is now being hailed as “the most sweeping economic package in history” as if it is some kind of great legilative accomplishment, LOL. I guess if the lie is big enough somebody will believe it. Only the numbnuts in Congress could have pissed away $800B.
Pay no attention to the man behind the curtain. Obama has shown himself to be the poseur that he is
This will backfire on him
bk (Diary) Thursday, July 23rd at 12:52PM EST (link)In 2010 the GOP candidates should be asking, “Ignore whatever spin from either side you hear on TV. Are YOU personally better off since Obama took office?”