So let me see if I get this....the U.S. spends $160 Billion in stimulus money to fund jobs growth. Jared Bernstein, chief economist and senior economic advisor to the VP Biden, called that the numbers "calculator abuse." He said the cost per job was actually $92,000 -- but finally admitted that estimate is for the whole stimulus package as of the end of 2010.
The White House (aka the House that Obama built) argued that the actual job number is actually larger than 640,000 -- more like one million jobs when you factor in stimulus jobs added in October and, more importantly, jobs created indirectly, such (as the brilliant VP babbler adds "the waitress who's still on the job." Big jobs.
Biden was also quoted as saying "We know this is not 100 percent accurate.Further updates and corrections are going to be needed." You don't say? Fuzzy math?
No comments:
Post a Comment