The Obama Administration plans on telling America today the 650,000 jobs were created or saved by the stimulus.
I cannot believe that the Obama administration would even be crazy enough to announce this.
About 3 million jobs have been lost since the President and his liberal cohorts through America's future down the drain with a failed $787 billion government spending package.
Does the President and his liberal cohorts think there will be dancing in the streets today when Americans hear Obama tell them that he created or saved 650,000?
The reality is, we are one week away from the October jobs report that will show that tens of thousands of more Americans have lost their jobs.
The idea that the President will run out to the public today and claim that his stimulus created 650,000 is laughable.
Good grief liberals, you would not have tolerated this garbage from President Bush.
Wall Street Journal
WASHINGTON -- Obama administration officials expect new reports Friday to show that the government's fiscal stimulus program helped create or save about 650,000 jobs, a figure officials are prepared to tout as a sign of stimulus success.
The number represents stimulus spending through Sept. 30 on projects or activities such as highway repairs and education funding.
The jobs data will be included in reports tens of thousands of state and local governments, private companies, colleges and community groups submitted earlier this month to show how they are making use of stimulus funds. The reports are expected to be available Friday afternoon on the Web site, recovery.gov.
As mandated by Congress, the reports cover only $150 billion of the $339 billion stimulus spending that has occurred through Sept. 30. The reports don't represent tax cuts, direct payments to individuals such as Pell Grants or grants of amounts under $25,000 per recipient, administration officials said.
Given that the documents representing less than half of the stimulus spending through the end of September, the White House sees the data as proof that its $787 billion American Reinvestment and Recovery Act of 2009 will meet its goal of creating or saving at least 1 million jobs.
Ummmm? $1 million jobs. I thought the stimulus was going to create 3.5 million jobs???
Clearly the Obama administration is attempting to move the goal posts again.
Updated: My bad, apparently the Obama administration plans on telling America that they created 1 million jobs! Politico
Update II: Peggy Noonan ain't buying it either.
The new economic statistics put growth at a healthy 3.5% for the third quarter. We should be dancing in the streets. No one is, because no one has any faith in these numbers. Waves of money are sloshing through the system, creating a false rising tide that lifts all boats for the moment. The tide will recede. The boats aren't rising, they're bobbing, and will settle. No one believes the bad time is over. No one thinks we're entering a new age of abundance. No one thinks it will ever be the same as before 2008. Economists, statisticians, forecasters and market specialists will argue about what the new numbers mean, but no one believes them, either. Among the things swept away in 2008 was public confidence in the experts. The experts missed the crash. They'll miss the meaning of this moment, too.
The biggest threat to America right now is not government spending, huge deficits, foreign ownership of our debt, world terrorism, two wars, potential epidemics or nuts with nukes. The biggest long-term threat is that people are becoming and have become disheartened, that this condition is reaching critical mass, and that it afflicts most broadly and deeply those members of the American leadership class who are not in Washington, most especially those in business.
It is a story in two parts. The first: "They do not think they can make it better."
continued...
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