The number of jobs in the U.S. is currently 129.7 million. So to justify the Administration’s current claim of 2.8 million jobs “created or saved” by stimulus, they need to also claim that without that stimulus there would be only 126.9 million jobs. That’s exactly what they do, displayed as the “baseline projection” level in the graphic...
An inconvenient truth, at least for the Obama Administration, is that once upon a time, in their January 2009 Romer/Bernstein Report they told America that without their stimulus there would be 133.9 million jobs. That’s right, in order to make it look like their stimulus has “created or saved” 2.8 million jobs, the Obama Administration first had to whack 7 million jobs from their previous estimates.
No problem-o, chumps!! The MSM, number-challenged as they are, won't even notice!
Here’s the math:
Step 1: How many jobs does the Administration currently claim there would be, without stimulus?
129.7 million Current number of U.S. jobs
- 2.8 million Jobs currently claimed to be “created or saved”
126.9 million Jobs the Administration currently claims there would be without stimulus
Step 2: How does that compare with the number of jobs the Administration used to say there would be without stimulus?
133.9 million January 2009 projection of jobs without stimulus
- 126.9 million Current claim of jobs without stimulus
= 7 million Jobs removed from the Administration “baseline” to justify their latest stimulus job creation claimsAt that rate, in only a few more years there would have been ZERO American jobs in the "baseline" projection.
So it's all Bush's fault, see??