How do you measure a saved job?
Friday, February 13, 2009 at 07:23PM Ok riddle me this: the Obama administration is claiming that the stimulus free-for-all package will "save or create" 4 million jobs ... I know how to measure a new job, but how do we identify a job "saved"?
If we lose another 500,000 jobs next month, can't the administration simply say: well, it would have been a million jobs, so we just saved 500,000? How on earth do you properly measure this?
Some commentators are saying that the administration is going to use 600,000 job losses (per month) as a starting point, so any loss less than 600,000 will be considered a "saved" job.
To behave like quote Tom Cruise: that's crazy. You know what this is: a trillion dollar re-election plan. Obama is betting that this spending orgy will do enough to soften the recession so that by late 2011, it'll seem like we're growing again (probably 2-3%). It'll be a government fabricated pretend-recovery, but that should be enough for re-election.
Seems cynical, but how else to explain a patently rediculous bill. Our economy has been over-leveraged for 6-8 years now, and the administration's answer: more spending!
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