Does Anyone feel like Bailing

[TheMercenary]

Fact:

The administration last month claimed that 150,000 jobs had already been saved or created due to the stimulus bill, though that number is based on a theoretical projection and not an actual count.

As ABC News’ David Kerley points out, last week Keith Hall, the Commissioner of the Bureau of Labor Statistics, told a House subcommittee that he could not substantiate the claim.

“No,” Hall said. “That would be a very difficult thing for anybody to substantiate…We're busy just counting jobs.”

In January, when the Obama team began presenting their pitch for the stimulus plan, they denied an overly rosy scenario. But the chart then-President-elect Obama’s economic team provided to the public indicates that the unemployment rate, which is currently 9.4%, is higher than the Obama team forecast it would be even if the stimulus plan had not become law.

Back then Council of Economic Advisers chair Christine Romer predicted that with the stimulus bill, the unemployment rate right now would be under 8%. Without the $787 billion stimulus package, Romer predicted an unemployment rate of just over 8%.

http://blogs.abcnews.com/politicalpu...-100-days.html

The Obama Administration is touting that their stimulus program has saved or created 640,329 jobs since it was enacted back in February through the end of October. This number is updated and posted on the Administration’s recovery.gov web site. That amounts to $246,436 per job based on the $157.8bn that has been awarded so far! Total compensation earned by the average payroll employee during October, on an annualized basis, was $59,867. If the government had simply used the funds awarded so far to pay for a year’s worth of labor, that would have paid for 2.6mn jobs!

http://blogs.reuters.com/james-petho...jobs-stimulus/

600k is a smoke and mirrors propaganda number to make all the unemployed feel better about still being unemployed. And yet they still ask, were are all the jobs you promised with the stimulus bill passed in Feb?