Create or Save?
The great debate of the day is the American Recovery and Reinvestment Act, aka - The Economic Stimulus Bill. The catch phrase from the left is that this bill with create or save 3 to 4 million jobs in the next 2 years, though President Obama has, on occasion, lowered his rhetoric to 2.5 million jobs.
It's not just President Obama that is saying create or save phrase. Every democrat on Capitol Hill is saying the same thing and not surprising the media is repeating the democratic talking points. Not one person is actually looking at the words being used and providing any type of analysis on what they are really saying. Just me.
The analysis that the media provides always talk about job creation. Their assumption is that the ARRA is going create 3 million jobs, but this is not what Obama and his friends are saying. Look if Obama believed that his spending programs would create 3 million jobs he would simply say this bill creates 3 million jobs. Instead Obama adds these words "or save" to every one of his speeches. If we are going to spend $900 billion I want something qualifiable to measure against its success. How do you measure jobs saved? At the end of the day are we going to say that we spent over 2 trillion dollars to keep our unemployment rate at 7.6%? That's moronic.
Government spending does not buy us out of a recession. Sweden would be a world power if this was the case. If Government spending creates jobs then why has France’s unemployment rate been a steady 9% for thirty years?
Even if the $900 billion dollar spending bill is signed into law and it really does create 3 million jobs that means we spent $300,000 per new job. How does that make sense to anyone?
It's not just President Obama that is saying create or save phrase. Every democrat on Capitol Hill is saying the same thing and not surprising the media is repeating the democratic talking points. Not one person is actually looking at the words being used and providing any type of analysis on what they are really saying. Just me.
The analysis that the media provides always talk about job creation. Their assumption is that the ARRA is going create 3 million jobs, but this is not what Obama and his friends are saying. Look if Obama believed that his spending programs would create 3 million jobs he would simply say this bill creates 3 million jobs. Instead Obama adds these words "or save" to every one of his speeches. If we are going to spend $900 billion I want something qualifiable to measure against its success. How do you measure jobs saved? At the end of the day are we going to say that we spent over 2 trillion dollars to keep our unemployment rate at 7.6%? That's moronic.
Government spending does not buy us out of a recession. Sweden would be a world power if this was the case. If Government spending creates jobs then why has France’s unemployment rate been a steady 9% for thirty years?
Even if the $900 billion dollar spending bill is signed into law and it really does create 3 million jobs that means we spent $300,000 per new job. How does that make sense to anyone?
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