Obama: My bill will create 1.9 million jobs
President Obama has attached a big number to his jobs bill: 1.9 million.
At a private fundraiser last night, Obama said his proposal would create 1.9 millions jobs, while reducing the 9.1% unemployment rate by a percentage point; he also said it would add two percentage points to the gross domestic product.
That “private fundraiser”? $38,500 a head. Clearly, uber-wealthy democrats believe Obama will protect uber-wealthy democrats.
WASHINGTON — The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while conceding that unemployment will likely continue to rise beyond its earlier predictions.
A report Monday by the White House Council of Economic Advisers said the projections were based on conservative estimates and widely accepted assumptions. The 3.5 million job estimate remains valid, the report said, now that stimulus money is starting to pay for various projects throughout the nation.
The obligatory splash of cold water in the face:
We would have been better off without the old stimulus, and we will be better off without the new stimulus. We’d be best off without Obama altogether.
DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education.
DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed.
Except for liberals being foolish.