Obama: Did I say I’d save three million jobs? Make it four million

posted at 1:30 pm on January 10, 2009 by Allahpundit

Assuming a $775 billion stimulus, the new estimate means we’ll be paying $193,750 for each job “saved or created” instead of just north of $258,000. Come 2010, of course, we’ll be told that he actually saved many more jobs than even that, so who knows? A little fine tuning of the numbers — they are, after all, “subject to significant margins of error” — and we might get down to under $100,000 per job before all’s said and done. Assuming there are no other stimulus bills passed before the midterms, of course.

But what are the odds of that?

In a new report, his transition team says his spending plan would create between 3.3 million and 4.1 million jobs. The report was released as Mr. Obama battles fellow Democrats in Congress over the size and details of the bill, which the president-elect wants to total slightly less than $800 billion but which some Democratic leaders say should near $1 trillion.

The Obama report says that even with a recovery package, unemployment will still be 7 percent at the end of 2010, but would be 8.8 percent without a recovery. Mr. Obama earlier in the week had warned of double-digit unemployment, but the report does not appear to back that claim.

Here’s The One touting the new numbers himself; skip ahead to 1:30 if you can’t be bothered with the intro. Follow-up exit question from yesterday: Instead of pothole-filler, how about trench-digger? That infrastructure isn’t just going to improve itself, people.


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un-freakin- believable.

Somebody please STOP this train!

Mercy4Me on January 10, 2009 at 6:14 PM

Read Sol Alinski’s book, Rules for Radicals. You will undersatnd Obama’s economic plan. It’s really quite simple.
Nutshell version. Break the back of the US economy. Talk fear, negatives, panic, drive the market down, kill incentive, kill the human spirit, destroy the family, re-define social and economic terms (ie welfare becomes tax cut) and repeat over and over until they become truth, conscript our youth and reeducate them into socialist ideology in National Civilian Corps work programs, abort as many babies to keep the masses down, regulate and monitor every cornerstone of our economic and social structure, ok ok ok, you’ll have to read it for yourself.
We’re dead in the water unless the REPS in congress catch on to the frog in the pot syndrome and call this crap out!!

katy on January 10, 2009 at 6:21 PM

I reminded of the Iraqi Information Minister.

ericdijon on January 10, 2009 at 6:23 PM

I can’t watch him. My B.S. meter goes off the chart. He only lies when his lips are moving. He’s making this up as he goes along. Everybody get ready for “Jimmy Carter – The Sequel”.

kingsjester on January 10, 2009 at 2:07 PM

Obama’s a lot like Peanut Carter except he doesn’t have 1/100th the intellect to be a nuke sub commander.

B H OBAMA CAPT USN : “So, uhm erm, the reactor is at uhm, you say uhm 175% of uhm ratted er uhm Rated Power.. Uhm, uh Er, Pull the control rods out of the core and shut the cooling water valves”

POOR DUMB EXEC “UH Sir, that would be..”

B H OBAMA CAPT USN “JUST do what I say cause I said to do it . This is a crisis. We need to act now”

three days later

CBS NEWS : “An unfortunate accident at the Norfolk Naval Base has caused the complete meltdown of the USS Los Angelos, The immediate death toll is about 20,000 and expected to climb. Federal authorities are meeting to try to decide how to best evacuate the states of Virginia, Maryland, West Virgina, New Jersey, North Carolina and Pennsylvania. Meanwhile congress is meeting in an emergency session to posthumously award captain Barack Hussein Obama the Congressional Medal of Honor for a job well done”

bullseye on January 10, 2009 at 6:24 PM

My question is, will the Leftwing media just give him credit, when this obviously won’t happen, for merely wanting to create these jobs, like they used to do with Clinton?
It doesn’t matter if he was unsuccessful, but he wanted to, and that’s what counts!

ToddonCapeCod on January 10, 2009 at 6:30 PM

What the hell is this “saving jobs” nonsense? How do you determine what a “saved job” is? Is this a preview of his reelection campaign?

Well duh. It’s really a simple equation.

Saved Jobs = 4,000,000 – Created Jobs

If “the O” creates 1000 jobs he will save 3,999,000 jobs. If “the O” creates 596,060 jobs he will save 3,403,940 jobs. Don’t worry about the details. The MSM will make sure the numbers work out just fine.

(4,000,000 number may change due to the mood of “the O.” Their may be a direct correlation to any decrease in approval ratings for “the O” and an increase in the 4,000,000 number.)

&

Ampersand on January 10, 2009 at 6:54 PM

Obama is going to ‘create’ jobs the same way Billy Bob claimed to have put “100,000 police officers on the streets”. Hint: That never happened.

GarandFan on January 10, 2009 at 7:26 PM

Obama intends to institute a second New Deal. It won’t work. The first New Deal did not work.

Phil Byler on January 10, 2009 at 7:53 PM

Maybe Spiderman is going to swing from Wall Street buildings and help him fix the economy.

scalleywag on January 10, 2009 at 3:13 PM

Everybody gets one.

James on January 10, 2009 at 8:03 PM

The liberals believe the New Deal would have worked if they had spent more money. They will make up for it this time.

sheriff246 on January 10, 2009 at 8:05 PM

If “the government” actually wanted to “create jobs,” they’d allow jobs to be created the real way: reduce taxes, reduce regulations on those who create jobs and encourage production by getting out of the way.

They don’t want that. The more people working for the government, they figure, the better. They don’t like capitalism, or people working for themselves, or, as FDR once lamented, having too much “self-interest.”

Alana on January 10, 2009 at 8:13 PM

he doesn’t realize he’s speaking B.S. the Language. -S-

Exactly right. I think there’s a slim but still non-zero chance he may actually be sincere. Horribly misled, but sincere nonetheless. – mrblacksheep

What I estimate it to be is that he’s never been able to intellectually, psychologically break free from or break out of his own B.S. stage. He’s stuck in a sort of self-indulgent teen state of mind wherein he can B.S. people (“it doesn’t matter who gets the credit…”) and that’ll allow him to squeek on through to “win” while no one’s looking. Deflect the scrutiny but still streak on by, in other words…

Like I wrote yesterday: passive-aggressive.

If it didn’t matter to Obama “who gets the credit” (for anything), he’d never have decided he was going to be President when still in early grade school, smoking dope and scribing his name as “King Obama” in cement in Hawaii.

The guy is play-acting the street corner strut act and hoping no one notices who grabs the bag…

S on January 10, 2009 at 8:58 PM

Will it work better this time because the Idi Amin-wannabe O’Boingo is going to create “green” jobs? — mr.blacksheep

Hahaha, Idi Amin-O’Boingo. Hahahaa…

S on January 10, 2009 at 9:00 PM

Or maybe it will work better simply because he “cares” more than any of the other leaders who have tried it in the past? I have yet to hear a rational explanation: all that we get is “if we don’t do something, it will be a disaster”. Pretty thin rationale to me. My counter argument is: “If we do what is proposed, we’re going to make it worse, for longer.” And I have history to back me up. Am I deluded or missing something important here?

mr.blacksheep on January 10, 2009 at 2:13 PM

You’re not deluded nor missing anything there.

He doesn’t have any answers OTHER THAN to demand more money. He has undoubtedly been doing this with adults his entire lifetime. His grandmother should have done the right thing by him and told him “no” more often, and same goes for her erratic daughter, O’s mom.

S on January 10, 2009 at 9:03 PM

I really dont want to make a self fullfilling prophecy here.
And i am NOT completly leaving the republicans blameless

Democrats screwed the tax payer by using freddy and fannie
Forcing them to loan anything to Anyone (including illegals Wwith no id, or social security number in order to buy VOTES.

The word FRAUD comes to mind
The democrats were responsible for 60% of this mess
But i am a republican and i dare say

Republicans were also responsible..
For while CEOS where running their companies into the ground and then jumping overboard right before the ship when over the cliff with their Golden parachutes
Republicans were totally BLINDED by Corporate Whelfare and GREED

So now they both want to spend and borrow more just like a cheating husband pulling at anything to convince his partner of his innocense
i see both parties pulling EVERY lever they can
Trying desperatly to stop the entire country from sinking

Because they know there are a lot of americans
ALL ARMED to the TEETH ..
Who will hold ALL of these Despicable creeps accountable.

You can see it in their eyes,,
This is why i really believe the time may be comming for a new Revolution …

US meaning regular people VS the ENTIRE CONGRESS AND SENATE OF THE USA…

For they have abandoned our entire country and sold us out..

I hope i am wrong but i honestly believe NOT..

jcila on January 10, 2009 at 9:40 PM

My question is, will the Leftwing media just give him credit, when this obviously won’t happen, for merely wanting to create these jobs, like they used to do with Clinton?
It doesn’t matter if he was unsuccessful, but he wanted to, and that’s what counts!

ToddonCapeCod on January 10, 2009 at 6:30 PM

Get used to hearing the following 3 things quite a lot over at least the next couple of years, no matter what happens:

1. The enormous mass of problems poor Obama inherited from the Bush administration.
2. The great love the country has for Obama as evidenced by his unbelievable poll numbers.
3. The economy is steadily improving, but lots of work still needs to be done by Lightworker if only the people have patience.

The MSM is sooooo predictable.

ddrintn on January 10, 2009 at 9:43 PM

I say go for 10 million.

rob verdi on January 10, 2009 at 10:00 PM

“Obama’s a lot like Peanut Carter except he doesn’t have 1/100th the intellect to be a nuke sub commander.”

When will the myth stop. Carter was a junior officer, not a sub-commander.

davod on January 11, 2009 at 9:28 AM

From one side of his mouth…..In a new report, his transition team says his spending plan would create between 3.3 million and 4.1 million jobs.”

From the other side of his mouth….”things are going to get worse before they get better”.

*******
The children of Saul Alinsky. Born and raised while we slept.

hopefloats on January 11, 2009 at 10:18 AM

The employment created is part of the COST, not part of the benefit.

Even if we get those jobs, it is doubtful that the projects Obama is spending on are so beneficial that they pay for themselves in the long term. In other words, capital is sucked out of the private sector and misallocated. They claim to know how much employment they are creating down to the last digit, but you will never hear about the jobs destroyed at the same time by the inceasing burden of regulations and taxes.

This is central planning and it will make us poorer and them more powerful. That´s all it ever does. Please note that Obama´s vaunted economics team consists of Wall Street financiers. These people make deals, but they have never managed a business. If you think they are on your side you have not been paying attention these last months.

el gordo on January 11, 2009 at 10:45 AM

Why do people believe that pulling money out of the private sector into the government sector and having government spend it will create jobs? The multipier on straight government spending is less than one; so, it reduces overall economic activity. If creating government workers produced wealth, communist countries would have been rich instead of populated by poverty-stricken paupers.

Government can and should encourage private sector investment in times of economic downturn by things such as accelerated deprepreciation of assets purchased and put into use over a short period of time (e.g. two years), lower capital gains tax rates than regular income tax rates in order to encourage venture capitalism and low corporate taxes in order to encourage business formation (You will get the money back from the taxes paid by the increase in people with jobs paying taxes.) These are the proven winners in fighting recessions as shown by John Kennedy and Ronald Reagan.

Until these measures work, government must either borrow to cover needed infrastructure investments and/or cut spending on non-essential services. Ample empirical evidence supports this kind of approach. As Reagan was fond of quoting: “At the beginning of the empire, taxes were low and revenues were high. At the end of the empire, taxes were high and revenues were low.”

KW64 on January 11, 2009 at 12:18 PM

this made me throw up in my mouth a little

Drunk Report on January 11, 2009 at 1:04 PM

Obama is looking to employ the economic socialism of FDR combined with the empty claims of success of the Clintons.

In short the filthy Chicago politician is in it so deep those ears are being used as a flotation device…
highhopes on January 10, 2009 at 4:28 PM

LOL

tartan on January 11, 2009 at 9:11 PM

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