Tuesday, July 14, 2009

Unemployment ... Obama Admin furiously spins jobs failures

To wit:

http://corner.nationalreview.com/post/?q=NzkyYTlmNDk5NzljNjhlY2I1MTQyOGNmN2M1MWRjNmQ=

Deaths by Numbers [Veronique de Rugy]

Christina Romer, Obama's Chairman of the Council of Economic Advisors, appeared on CNBC to explain the loss of so many jobs in spite of the stimulus. Here is what she said:

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.
If you weren't convinced already that political appointees are often willing to say whatever it takes to make the president look less bad, read what follows.

First, Jeff Emanuel over at Red State reminds us that:

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.”

Second, as reported by HotAirPundit.com:
Unemployment before the 2004 election was 5.5%Unemployment before the 2006 election hit 4.4%Bush's unemployment rate average for 8 years was 5.2%.

Watch Romer's interview here.

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