It depends on your definition of Created

Wednesday, November 18, 2009


The CBO has scored the health care bill. I'll be looking to get you some input tomorrow after I've read it. In the meantime, while CNN is productively fact checking SNL and the AP is doing the important job of fact checking Sarah Palin, the Washington Examiner is fact checking something that matters. Obama's saved and created jobs. They have pooled all the bogus saved and created news reports and made an interactive map. It's very interesting.

So far 10% of the jobs saved and created are bogus and this is strictly what has been reported. It is not a full audit.

3 comments

I just saw this too. Some 850 billion or something? Frankly when I looked at the number I just had to laugh....

November 18, 2009 at 10:27 PM

I don't see why they put a number on it at all. For some reason I'm supposed to feel better that it is under a trillion.

November 18, 2009 at 11:45 PM
CJ said...

I am a little annoyed by the whole notion of policies that create jobs. I understand the macroeconomic principle of unused production capacity and the need to sell a stimulus with the word “jobs”. Fiscal and monetary policy play roles, but jobs are created when people find a need, find a way to fill it, locate enough customers eager to pay for the need that more labor is needed to service all the customers, and hire people to do the job. That entails a lot of hard work, a lot of time meeting new people, helping connect other people so you can stay connected to potential customers, going back to the shop and producing/improving the product, giving your pitch to people to fund your development if funding is needed. I know that funding is dependent on macroeconomic policy, but goodness—that’s the tiniest part of what goes into creating a job. Maybe they should say, “create the framework that allows industrious and innovative people to create jobs.”

November 19, 2009 at 10:46 AM

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