Posting its results late yesterday afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.
Even though officials in the White House acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes.
Assuming their number is right — 160 billion divided by 1 million. Does that mean the stimulus costs taxpayers $160,000 per job?
Jared Bernstein, chief economist and senior economic advisor to the vice president, called that “calculator abuse.”
He graduated from the Manhattan School of Music with Bachelors Degree in Fine Arts where he studied double bass with Orin O’Brien. He earned a Masters Degree in Social Work from the Hunter School of Social Work, and from Columbia University he received a Masters Degree in Philosophy and Ph.D. in Social Welfare. With that kind education he becomes an economist? Why not a brain surgeon while he’s at it!
Bernstein’s areas of interest include “federal, state and international economic policies, specifically the middle-class squeeze, income inequality and mobility, trends in employment and earnings, low-wage labor markets, poverty, and international comparisons.” He is known as a critic of free trade agreements such as the North American Free Trade Agreement (NAFTA). He has taught at Howard University, Columbia University and New York University. In 1992, he was hired at the Economic Policy Institute (EPI), a think tank with ties to organized labor and a focus on issues affecting low- and middle-income workers. From 1995-1996, he served in the Department of Labor as Deputy Chief Economist. He then returned to the EPI, where he was senior economist and director of the Living Standards Program when selected by Biden. Source:Wikipedia
This appears to be the modus operandi for the Obama “capos”anytime anyone disagrees with their “messia”.Instead of refuting the facts presented in opposition to their “rosy” claims. The acolytes of Obama attacked those who questioned the claims of jobs creation and saved.
And by the way, proving “jobs saved” is like proving “how high is up”!
Thomas Sowel an noted University Professor of economics had this to say in a recent article’
White house seems to react violently to any suggestion that what they are doing or saying by “indignation, accusations of bad faith and even charges of racism.” The White House thinks we should all be nice little sheep and follow any way that OUR SHEPHERD leads us with so much as a bleep! The only problem is that is to the destruction of our economy and a change fre the free enterprise system to a marxist socialism or worse!
Bernstein was not able to say how many of the 640,329 jobs were saved and how many were created. How do they know that government officials asking for stimulus funds to help prevent layoffs were legitimate?
What we have to do is expect that our public officials are honest,” Bernstein said. “I know that’s a high bar.”
After all the lies and mis-information that have come from the White House that bar is a super world class pole vault for all of us that are not members of Obama’s worshipers!