USAToday posted an article that sd:

Unemployment would have hit 10.8% — higher than December’s 10% rate — without Obama’s $787 billion stimulus program, according to the economists’ median estimate. The difference would translate into another 1.2 million lost jobs.

This was based on a survey of a poll of 50 economists. So let’s take a look at the math:

The current unemployment rate is 10% or 7.2 million jobs.

If you increase the current rate .8% then the number of additional jobs lost would be 57,600 for a total of 7,257,600.

57,600 jobs is not 1,200,000 jobs saved.

But wait Pete, you’ve got to take 10.8% of the workforce, you say? Okay, let’s do that:

Since the current unemployment rate is 10% or 7,200,000 jobs then the total workforce is 72,000,000

Now 10.8% of 72,000,000 equals  7,776,000 jobs lost.

7,776,000 jobs minus 7,200,000 jobs equals 576,000 jobs

Last time I checked 576,000 DOES NOT EQUAL 1,200,000 jobs.

Question: If Obama saved a job that was never there to be saved, should we believe Obama ever saved it?

Maybe we should believe one of the three different estimates that the Obama Administration peeps spouted out this past weekend?

Or maybe we should just accept the fact that the Left has developed a new math. Yeah that’s the ticket.

Share and Enjoy:
  • Twitter
  • Google Bookmarks
  • Posterous
  • Tumblr
  • Facebook
  • email
  • Print
  • PDF
  • del.icio.us
  • Digg
  • StumbleUpon
  • Suggest to Techmeme via Twitter
  • Technorati