June 8, 2009
Et Tu, AP?
This Associated Press article does not read like an Administration press release. Anomoly or sign of the times?
Obama repackages stimulus plans with old promisesMedia and Blogging Posted by John Kranz at June 8, 2009 7:08 PM[...]
By now, according to earlier White House economic models, the nation's unemployment rate should be on the decline. The forecasts used to drum up support for the plan projected today's unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years.
Some analysts believe the White House is still not being realistic, that Obama will be lucky if any real job creation from his recovery effort is seen by the end of the year, let alone the employment explosion he predicts.
"I think these estimates are overly optimistic," said Arpitha Bykere, a senior analyst with RGE Monitor.
"Overly optimistic"?!? The figures of "jobs created or saved" are pure fiction unsupportable by any evidence or objective analysis.
Posted by: Boulder Refugee at June 8, 2009 7:19 PMRemember your Bastiat. Any jobs created by the stimulus have an equal offset in economic production lost to other jobs in the economy.
Posted by: Perry Eidelbus at June 8, 2009 10:36 PM | What do you think? [2]