Sunday, January 24, 2010

Nonsense Numbers

The Obama administration has tried to justify it's economic programs by suggesting that it has "created or saved" a number of jobs. The problem is that there is no way to understand how any administration can save a job - just how do you assess that? What is a job saved? On Sunday three different Obamaspokepersons had three different answers. All of them were wrong. But then why should you be surprised?

If you are going to count the "saved" jobs then should not you also count the lost ones (based on the hectoring that the Administration has offered in the last several months about how to regulate this or that activity?

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