Mark Alexander: Job Creation for Dummies

"I suspect Obama was suggesting that some of his proposals thus far have been good ideas. Unfortunately, despite all the jobs Obama claims to have saved or created with his $787 billion 'stimulus' package, unemployment has increased from 7.6 percent when he took office, to 10 percent.

"Setting aside the absurdity of his pet 'saved or created' construct, it seems to me that if he had actually created jobs, unemployment would be somewhere under 7.6 percent. But Democrat math never adds up. Fact is, there has been a net loss of at least 3.4 million jobs under the 'Obama recovery.'

"'We're not going to get anything useful out of [this summit],' concluded Peter Morici, from the University of Maryland's Smith School of Business. Obama and Treasury Secretary Tim Geithner 'really don't know what to do.'

"That would be an understatement."