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 »

    Obama’s Porkulus Wordplay

    Like many Democrats, statists, and leftists, our illustrious Constitution expert law professor of a President believes the U.S. Constitution is a “living” document. In theory, this allows the 223-year old Constitution to change with the times; in practice, it undermines the Constitution as it renders as meaningless the words within it. Yesterday, Teh Won had this to say on the 1-year anniversary of Porkulus: So | 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 »

    OMB: Counting Jobs Saved Is Tricky. So List All of Them as Saved.

    If the attention of the American people is focused somewhere else, it must be time to quickly push through some radical, self-serving, and impossible-to-defend new agency rule. And with Christmas upon us and Americans paying more attention to the offensive mess that the Senate approved today, it’s probably a good time for the Obama administration to significantly expand how they count jobs ‘saved or created’ | Read More »

    Time To Bury “Shovel-Ready!”

    So Saith The One.  So let it be written, so let it be done. I’m being overdramatic, but this kinda ticks me off. If you don’t have the time or are too lazy to click the link to find out exactly what’s on the other side, here’s the gist of what happened at today’s Jobs Summit:  The President walked into a room full of officials | Read More »

    David Obey Messes With Joe

    “Outrageous… ludicrous mistakes.” President Obama, February 24, 2009, justifying his “stimulus” plan to a joint session of Congress: I know there are some in this chamber and watching at home who are skeptical of whether this plan will work. I understand that skepticism. Here in Washington, we’ve all seen how quickly good intentions can turn into broken promises and wasteful spending. And with a plan | Read More »

    The Meaning of Jobs “Created,” Part II

    Somewhere in these 57 states, there exist Congressional Districts between sight and sound, in which Barack Obama is “creating jobs” that do not exist for constituents of Congresspersons who do not exist either, reports Jonathan Karl of ABC News: Here’s a stimulus success story: In Arizona’s 9th Congressional District, 30 jobs have been saved or created with just $761,420 in federal stimulus spending. At least | Read More »

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    The Meaning of Jobs “Created”

    The Washington Examiner spots the pattern from multiple news reports: More than ten percent of the jobs the Obama administration has claimed were “created or saved” by the $787 billion stimulus package are doubtful or imaginary, according to reports compiled from eleven major newspapers and the Associated Press. Based only on our analysis of stimulus media coverage in the last two weeks, The Examiner has | Read More »

    A Smokescreen; Not a Solution

    Barack Obama, Nancy Pelosi, and Harry Reid all three entered 2009 with a commanding mandate and as much political power as any Democratic Leadership has had since Lyndon Johnson in 1965. Their mandate ordered them to fix the economy and put America back to work. They didn’t want to do that. They wanted to socialize the economy instead. An examination of what is wrong with | Read More »

    The depths of Obama’s budgetary depravity

    When you reach a certain number of zeros, the ability of the public to understand trillions or even billions approaches zero. So when Obama asked for a pork package in the $700 billion – $800 billion range to “stimulate the economy,” Congress and most CNN viewers said, “Sure!  Why not!  I don’t know $700 billion from $700 million.   What’s a few zeros in a serious | Read More »

    Measuring jobs “created or saved” by porkulus

    First, before getting into the analysis of how the White House are miscounting job numbers, a few brief observations are in order: One, approximately 80% of the stimulus money that was an “emergency” to pass 9 months ago has still not come to term and been spent.  Since they apparently have all the sweet time in the world to spend this money, Congress owes it | Read More »

    A President Is Not A Community Organizer

    The job of “community organizer” that Barack Obama says was a key stepping stone in his political life is a nebulous position that is hard to define, especially when the left is allowed to define it. They will pull stuff out of their collective tuchus to say that Jesus Christ was the ultimate “community organizer”. But if one looks at what a “community organizer” does, | Read More »

    WH Official: Porkulus Transparency Will Cause ‘Kerfuffle’

    For Congressional Democrats, it never rains, but it pours. If they thought their votes for the ‘stimulus’ bill might look better with time, the White House has some bad news. National Journal has posted a transcript of its interview with ‘stimulus’ overseer Earl Devaney. If you opposed porkulus, the interview is as frustrating and entertaining as you’d expect. If you voted for it, you might | Read More »

    Krugman: Obama Sounds Like Bush on Economy

    Wow. This is just about the nastiest insult liberals can dish out: I’m not too happy with the policy justifications we’re getting from the administration. It’s perfectly clear that the stimulus was too small; I think they know that too. But they’ve made a political judgment that (a) they can’t push another round through and (b) the thing to do right now is defend the | Read More »