Obama Fudges The Numbers
by Big Dog on Apr 19, 2010 at 19:07 Political
The dirty little secret that is not so secret among many is that after all the hype and fear mongering, after the passing of the nearly one trillion dollar stimulus bill, the thing did not work. It is hard to measure because Obama has moved the goalposts a few times. He and Biden said that things would happen quickly and then not so much. We were told that unemployment would not go above 8% and then when it did we were given a bunch of excuses. One of the biggest distortions is the idea of “saved” jobs. The regime claims to have saved jobs but this is not measurable and the different tools given to employers all but guaranteed that Obama could claim a “saved” job. If the company spent one dollar on an employee and that employee did not lose his job, even if that job was NOT going to be lost anyway, it is a save.
Bogus math, bogus accounting, bogus results.
But wait, there’s more.
The most recent report from the White House is that they saved or created 2.8 million jobs. Wow! That sounds great but it is not the truth. The reality is that the regime had to trim 7 million jobs from an earlier estimate in order to claim that it saved 2.8 million.
Confused? Big Government explains:
Here’s the math:
Step 1: How many jobs does the Administration currently claim there would be, without stimulus?
129.7 million Current number of U.S. jobs
– 2.8 million Jobs currently claimed to be “created or saved”
126.9 million Jobs the Administration currently claims there would be without stimulus
Step 2: How does that compare with the number of jobs the Administration used to say there would be without stimulus?
133.9 million January 2009 projection of jobs without stimulus
– 126.9 million Current claim of jobs without stimulus
= 7 million Jobs removed from the Administration “baseline” to justify their latest stimulus job creation claims
The January information can be found here (page 5 of the document).
The Obama regime predicted that we would have an increase of almost 3.7 million jobs with the stimulus for a total of 137.5 million. At that time we were told that without the stimulus we would only have 133.9 million people employed.
Now that there are only 129.7 million people employed the Obama regime has changed the parameters. Based on Obama’s January 2009 projections, we are 7.8 million jobs behind. In order to make it look like he saved or created jobs the baseline was adjusted down. Original projection 133.9M without stimulus and now 126.9M. This is deceptive and shows without a doubt that the stimulus did not work. If it had worked we would have employment at or near the numbers he predicted and most certainly the numbers would not have to be manipulated. I don’t want to hear people whine about this being projections and that there is uncertainty involved because Obama used these numbers and said we had to act NOW.
If he had stuck to his original numbers it would have been one thing but the very fact that the projection was lowered shows that he wants to deceive us.
So let us review. Obama projected that with the stimulus we would have 137.5M people working and we only have 129.7. Using his original baseline, the one he sold the stimulus with and the one we must hold him to, he lost 7.8M jobs.
This is the only way to look at the numbers. Any other way is dishonest. Obama cannot change the baseline just to make it look like he created or “saved” jobs. Imagine what would happen to the CEOs of private businesses if they used these kind of accounting practices. Does the name Enron ring a bell? Those folks were given jail time…
So it looks like Obama has lost 7.8M jobs. The stimulus has been a failure.
Politicians do not have to lie about successful things…
As an aside, there was a big debate about the job loss chart at this very site in the comments section. Here is another take on the issue and it is something you should keep in mind when the regime tries to sell you on the lies involving job numbers. Commenter Mike, you will appreciate this.
Never surrender, never submit.
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Tags: big government, job loss, job numbers, lies, Obama
The MVP of Super Bowl XLIV, Drew Brees led the New Orleans Saints to their first Super Bowl in franchise history. and peaked his Football career last season. From then on, Brees wearing the # 9 black drew brees jersey became the hero. Will Brees continue to be the best player in season 2010? We are all looking forward!
This bit of political dishonesty is only a resultant. The root of the thing is the pretense, maintained by statists for decades, that economic advance is a matter of spending enough money. The illusion can be shattered easily enough.
Imagine a gaggle of men on a desert island, clothed only in rags, reduced to eating seaweed and whatever unfortunate fish swim near enough to the shore. Clearly these folks are miserably poor. Something must be done for them!
The Obama Administration dispatches a heavy-lift aircraft, which flies over the island and drops a huge parcel onto it. The stranded men run to the package and tear it open, overjoyed that the relief of their condition has arrived. Upon getting it open, they discover that it contains…$1,000,000,000 in United States currency.
The world’s most blithering idiot would not dare to suggest that this delivery has changed those men’s condition for the better.
Economic advance is about increasing the production of the things we need and want. The only way government can assist that process is by getting out of the way of the men and institutions that produce things — the exact opposite of what the Obamunists are doing. As we mathematically inclined types like to say, Quod Erat Demonstrandum.