Administration Takes on Limbaugh, Again…Epic Fail, Again
Mr. Bernstein from Citizen Kane: Well, it’s no trick to make a lot of money… if what you want to do is make a lot of money. It’s also no trick to win a political campaign…if what you want to do is win a political campaign. But once that’s won, the winner actually has to do something; in the case of Barack Obama, he was | Read More »
More Jobs Lost, But Unemployment Unchanged; Revisions As Well: WTF?
From the Bureau of Labor Statistics: Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today. So, we lost 36,000 more jobs in February, but the unemployment rate is unchanged? I suppose that’s better than what they said in January when 20,000 additional jobs had been lost but the unemployment | Read More »
The One To Use New Calculation To Tout nearly 1 Million Porkulus Jobs
The One will be out and about to talk about Porkulus today: President Barack Obama is trumpeting a new White House estimate that his top economist calls “stunning”: His stimulus plan has already created or saved up to 2 million jobs. Here is the report from the White House. As mentioned the other day, the Obama administration has decided that projects funded through Porkulus would | Read More »
More Porkulus Mendacity About Jobs
ABC’s Jake Tapper notes the administration’s mishandling of jobs figures that have come out of Porkulus: The Obama administration has taken some heat and mockery for using the nebulous and non-economic term of jobs being “saved or created” by the $787 billion stimulus program. I can understand that. Especially with all the money being funneled into non-existent Congressional districts and zip codes, along with the | Read More »