Friday, February 5, 2010
Read more: http://newsbusters.org/blogs/julia-seymour/2010/02/05/cnn-finds-good-news-jobs-report-cnbcs-burnett-argues-numbers-are-bad#ixzz0ehofpFE4
"Jake Tapper is a little confused, and so am I. The White House supposedly abandoned the 'saved or created' jobs metric because of its fantasy elements and prefers now to count jobs “funded” through Porkulus, an order that came from one of the chief economists in the White House, Peter Orszag. So why did Obama claim to a Nashua, New Hampshire audience on Tuesday that he had 'saved or created' two million jobs?:
"'Now, if you hear some of the critics, they’ll say, well, the Recovery Act, I don’t know if that’s really worked, because we still have high unemployment,' the president said. 'But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.'
"Every economist? A good rule of thumb to consider the truthfulness of any speaker is his use of the terms always, never, none, all, and every. Those terms usually provide a key for a lie or a gap in knowledge — and Tapper points out the truth:
"At the end of November, Congressional Budget office Director Douglas Elmendorf wrote that because of the stimulus bill 'in the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States.'
"But clearly other economists are much more skeptical, including Dan Mitchell at the libertarian Cato Institute, and J.D. Foster at The Heritage Foundation.
"Some economists say the whole notion of counting 'saved or created' jobs is impossible. Harvard University labor economist Lawrence Katz told ProPublica that trying to count how many jobs have been saved or created is 'a silly exercise.'
And in fact, in December the Office of Management and Budget director Peter Orszag issued a directive scrapping the whole 'saved or created' construct.
"Why is the 'saved or created' meme “a silly exercise”? Economic policies will get judged on whether they promote growth in both production and jobs. On that metric, Obama flopped in his first year. Prior to the 2007 recession, the US started on the path of both production and job growth within 12 months of the start of the recession. Obama took office in the 13th month, three months after a financial collapse. Twelve months later, we’re still shedding jobs with no end in sight. That’s the real measure of economic policy, and so far, Obama’s failing.
"The White House only documented 650,000 jobs supposedly saved or created — and that was when the construct collapsed. The counts included jobs that were never at risk in the first place, double-counted some jobs, counted jobs that had yet to be created, and so on. The most infamous of these claims involved a single lawnmower that supposedly saved or created 50 jobs. In the end, even the man in charge of the website that proclaimed these supposed victories admitted that he could not certify any of the data at Recovery.gov last November — which is why Orszag told his OMB staff to stop claiming jobs 'saved or created.'"
"He socialized two of the nation’s auto companies, cutting a very special deal for the union that helped send those corporations under.
"He worked with congressional Democrats to provide a 10% 'catch-up' increase in funding for Federal agencies and to staff those agencies with additional employees who have sent Federal employment numbers to record levels — while the rest of the country suffers the worst economic downturn since the Great Depression.
"He has tried to Federalize (not reform) healthcare with an insanely expensive, madly unfair plan so full of bureaucratic monstrosities and ugly payoffs to politicians, trial lawyers, and unions that it has caused a political earthquake across the fifty states.
"He has sent the nation’s debt climbing to levels so menacingly high that only Paul Krugman and his ilk aren’t worried about the looming economic and cultural calamity that lies ahead.
"He has implemented policies regarding national security and foreign affairs so dangerously dogmatic in their devotion to the notions of the Pollyannish Left that they require enemy combatants to be read their Miranda rights immediately upon being captured and their trails to be held in Federal courts located in our most crowded cities.
"He has appointed to important Federal positions radicals so far-left that they make the Radic-Libs of the sixties look like Moderates."
August 1, 2003
Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
"The article titled 'Finish it off so it doesn’t suffer,' which calls for the euthanasia of disabled newborn children, has caused public outrage in Russia and has led to fierce debates in the blogging community.
"In the article under question, the author says that 'the killing of the newborn is in fact the same as an abortion or super-late term abortion' and calls disabled newborns 'defective blanks' and 'newborn idiots'. He states that depriving disabled infants of life is 'true humanism.'"
"Britain’s MI5 intelligence service reports that al-Qaida is recruiting female suicide bombers who have had explosives surgically implanted in their breasts. Male suicide bombers are undergoing similar surgeries; but instead of the breast area, the explosives are implanted in the buttocks or appendix areas.
"MI5 agents report that Muslim doctors who were trained at leading UK teaching hospitals are returning to their native countries to perform surgeries that involve inserting plastic implants containing PETN (pentaerythritol Tetrabitrate) explosives into women’s breasts and men’s bodies."
Call me a conspiracy theorist, but this is Black History Month. Starting U.S. history in 1877 erases the fact that Democrats supported slavery and the Republicans gave us the 13th, 14th, and 15th amendments. Therefore if you don't like history, pretend it never happened.