25 / August
25 / August
Fuzzy Math

Remember the Clintonian phrase "jobs saved or created" that Team Obama had been using to tout the positive impact its stimulus package would have on the economy? It turns out that even the dubious claim that the stimulus package has "saved" jobs--How can you prove that you saved a job?--will be harder to make with a straight face. According to the Obama administration, the economy will shrink at 2.8 percent this year, not the 1.2 percent they had predicted. The joblessness rate will average 9.8 percent rather than the predicted 7.9 percent. And next year's deficit--an estimated $1.5 trillion--will be 20 percent larger than anticipated. What a gargantuan health-care takeover will do to these numbers is anyone's guess--just take the administration's guess with a grain of salt.

posted at 10:03 AM
Comments

Hopefully, Obama will prove that there's one job he won't be able to save.

Daniel
Las Vegas

Make that two jobs, as he can take Harry Reid with him.

Posted by: Daniel(No, not that Daniel) on August 25, 2009 11:02 AM

I have not seen one substantive argument made by conservatives as to how to reduce cost-growth in health care, other than to continue denying care to the uninsured or through rescission. Anyone who is serious about reducing budget deficits would make a proposal or advocate one. Otherwise, the default position is denying care or rescission, which leads to unnecessary deaths.

Posted by: PMA on August 25, 2009 12:39 PM

“Anyone who is serious about reducing budget deficits would make a proposal or advocate one.”

Oh, like anyone serious about reducing budget deficits who would spend $1.2 trillion dollars on phony baloney initiatives? Or who would print another trillion dollars and inject it into an already unstable economy? Or spend billions to bail out and then float to take over failing private companies? Or inject more billions into two failing GSE’s that have become political cash cows for their party? And who are now looking to spend more trillions on Cap and Trade and Nationalized Healthcare? Or anyone who would choose to nationalized millions of people illegally in this country making them automatically eligible for more billions in benefits and programs?

Is that the kind of seriousness you’re talking about? Doesn’t sound to me like these folks are very serious about reducing deficits at all. Call me crazy.

I don't know PMA, everytime you come on here lately you sound more unhinged.

Posted by: asdf on August 26, 2009 12:10 AM
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