Obama Administration Sacrifices All Credibility Re: Failed Stimulus

The Obama administration, after every false promise that didn’t come to pass, every false measurement that included phony congressional districts and bogus zip codes, and repeated humiliations, finally dropped it’s fraudulent and never-before-used-in-history “created or saved” jobs.

From the AP:

WASHINGTON – The White House has abandoned its controversial method of counting jobs under President Barack Obama’s economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.

Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It’s no longer about counting a job as saved or created; now it’s a matter of counting jobs funded by the stimulus.

That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.

The new rules, quietly published last month in a memorandum to federal agencies, mark the White House’s latest response to criticism about the way it counts jobs credited to the stimulus. When The Associated Press first reported flaws in the job counts in October, the White House said errors were being corrected and future counts would provide a full and correct accounting of just how many stimulus jobs were saved or created.

So they’re supposedly not pulling that bogus crap any longer.

Only they still are.  It’s amazing how quickly the most dishonest administration in the last century violates its own statements.

Britt Hume took apart the new version of of the same old bogus crap they’re trying to pull now:

“One day after it came out that the administration had decided to stop trying to count the number of jobs created or saved by that $787 billion spending bill the president signed last year, the White House was back doing it again.

Christina Romer, the president’s top economic adviser, announced Tuesday that the spending had resulted in 2 million jobs created or saved. Romer called that a, “truly stunning and important effect,” adding that the spending, “had done exactly what we have anticipated it would do.”

No it hasn’t.

Romer herself said a year ago that the stimulus spending would hold the unemployment rate below eight percent. It’s now at 10 and counting. More than 4 million jobs were lost last year
. What’s more, an analysis by the Associated Press has found that the outlays on roads, bridges and other infrastructure, had no discernible effect on local employment and had barely helped the construction industry.

The lesson here is a very old one: Government spending is a poor antidote to recession because the money has to be taxed or borrowed from one part of the economy to be spent in another. Not only that, it’s slow medicine. Even Romer said in her glowing report that only about a third of the money had been spent.

On second thought, given the effect the spend-fest has had on the deficit, maybe that’s the good news.”

— Brit Hume is the senior political analyst for Fox News Channel.

Christina Romer has sacrificed all personal and professional credibility to protect and defend the failed policies of Barack Obama.

She was the White House official who assured the nation that unemployment would not go over 8% if Obama’s stimulus passed.

She was the White House official who told us that the stimulus would have its greatest impact in the 2nd and 3rd quarter of 2009, which means it has already basically run its course.

Now she’s saying the stimulus which she herself claimed would prevent unemployment from going above 8% – and which ran its course last year after unemployment went up above 10% – fulfilled the Obama White House’s predictions?  Seriously?

Does this mean that Obama PLANNED to lose more jobs during his first year as president than any president has EVER lost – over 4 MILLION – since 1940?

This is Obama doing GOOD?  O.M.G.

I suppose businesses paralyzed by uncertainty due to Obama’s policies and the harm that they will do to the economy, which is frightening away new hiring, must be REALLY good.

All I can say is this: if this is the Obama administration’s idea of doing good (at least a good, solid B+ anyway), may God have mercy on our doomed souls if they ever actually screw up.

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