CHESSNOID

Quite frankly, the Obama administration is losing credibility when they keep making claims on things they can  not measure.  The most recent “claim” is they “saved” 2 million jobs.  If it was real, I think it would be great even though President Obama’s stimulus cost us about $200,000 per job.  I think it would have stimulated our economy more if we just passed out checks for people to spend.

Associate Press:

But the report from the President’s Council of Economic Advisers said the economy is a lot better off than it would have been without the stimulus. Citing its own analysis plus a range of private sector summaries, the council estimated the annual growth rate last year would have been roughly 2 percentage points lower, and there would have been 1.5 million to 2 million fewer jobs.

“That’s truly a stunning and important effect”, Christina Romer, the council’s chairwoman, said in a conference call with reporters. “It has done exactly what we have anticipated it would do.”

I think it very convenient to make claims that has no hard data to support it. If you think the economy is doing better, then you are delusional. We still have record inventory of foreclosures building up as shadow inventory and we are over 10% in unemployment. Now try believing the government’s claim it saved 2 million jobs.  It gets very frustrating having a new Democratic administration lie to our faces just like the last Republican administration.

Christine Romer is the same person who forecast the unemployment rate topping  out at 8%.  She was wrong then and she is wrong now!