By Ron Meyer
Published by The Daily Caller
How to mask any failed policy: claim we would be worse off without it.
Despite the terrible job numbers, the president began his summer recovery tour boasting about the rampant success – cough! – of the stimulus bill. Building on this delusion, he claimed that unemployment could have been much worse, 10,000% or some arbitrary number, without the Recovery Act.
Obama needs to fire his economists. Christina Romer, his leading economic advisor, predicted unemployment wouldn’t go over 8% once the stimulus bill passed. Fail.
Out of this same brilliance arose another ingenious idea. Private sector jobs – obviously not stimulated by massive government spending – continue precipitating from the economy. Solution: spend $2 billion to create green 5,100 jobs.
Even for Obama, spending $400,000 per created job ought to be embarrassing;
Read more: http://dailycaller.com/2010/07/15/obama-spends-400k-per-created-job/#ixzz0tlcRHKjr
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