How many jobs did Obama save?
Early figures spark renewed debate over how effective the stimulus has been
People stand in a long line to enter a job fair at a hotel in New York.
(EPA/Corbis/Justin Lane)
The White House released a report on Monday saying that President Obama's economic recovery plans may have created 250,000 education jobs. The administration is pushing back against critics who say the economic stimulus did no good, and saying it's on track to reach the goal of saving or creating 3.5 million jobs. How many jobs has the stimulus really saved?
Good news for the White House: A quarter-million education jobs —not bad, said Derek Thompson in The Atlantic. Those jobs wouldn't exist if the stimulus money hadn't "allowed states to restore much of their education budget shortfalls for 2009 and '10." Another report last week said the stimulus saved or created 30,000 jobs with private infrastructure builders.
250,000 Education Jobs: Good News for White House
It's too early to count stimulus jobs: Thirty thousand is a "puny number," said the San Francisco Chronicle in an editorial, and it "has both Democrats and Republicans in full spin mode to present the figure in the best or worst possible light." But we're talking about "a sliver of a slice"—just 2 percent of the huge program—so we'll have to wait to see whether the stimulus will make the jobless recovery less painful.
A too-early tally on stimulus jobs
The stimulus won't be enough: Let's be realistic, said Don Miller in Money Morning. "The worst recession since the Great Depression has already eliminated 7.2 million jobs, and analysts figure 750,000 more jobs could disappear over the next six months." Without a second stimulus, President Obama doesn't have a realistic shot at creating enough jobs to "preserve the fledgling recovery."
Will high unemployment strangle the recovery?
The numbers don't lie: "There is no 'economic recovery' taking place in the U.S.," said Jeff Nielsen in Seeking Alpha. "This year is much worse than last year—and 2010 will be much worse still. The only thing currently preventing the debt-implosion of the U.S. economy is the Bernanke printing press," not the Obama stimulus.
Greater Depression for the U.S. rebuts 'recovery' talk
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14 Comments
Posted by Gut Shot, Tuesday, October 20, 2009, 1:50 pm How many jobs did Obummer save? Well gee, lets ask VP Biden.
Posted by Tomas, Tuesday, October 20, 2009, 2:10 pm Z E R O. All hype, as usual. I am so sorry I believed this guy. Is anyone else ticked that he just wanted to be president for the perks. he has done N O T H I N G since rolling into the WHouse. ZERO jobs were saved and ZERO jobs were created. I would say YOU LIE, but you would call me a right wing nut. It's getting to be more clear everyday. No one is in charge at athe WHouse. BHO goes fund raising while Biden goes to Eastern Europe to meet with world leaders. what is VERY wrong with this picture?? He doesn't care about us.
Posted by N.Y. Tim, Tuesday, October 20, 2009, 2:41 pm While it is only Obamas first year I dont see as he has accomplished anything other than apologizing to our enemies..and spending untold sums putting the public in debt for generations to come and for what?.. What jobs is he actually creating?..his assistents spend more time worrying what guys like Glen Beck have to say than doing their jobs..THE WH needs to stop decrying peoples negative opinions of the administration and go all out to create good paying jobs here then well be able to pay taxes to repay all this debt they have put us in!
Posted by Brett, Tuesday, October 20, 2009, 2:49 pm All the hype and BS is coming from the right, not Obama. If you are involved in education, then you know that the WH is accurate in saying that those jobs were saved by the stimulus. Obama is on the job every day and that has been what's kept us doing as well as we are, unlike a previous president who was on vacation more than any other POTUS in history. We need more jobs, but that's no reason to say that the jobs that have been saved or created mean nothing. Did you all expect Obama to be able to turn around the neocons mess in a day?!?
Posted by NJ Housewife for real, Tuesday, October 20, 2009, 4:55 pm Then, why did I get pink slipped? I WAS a teacher. Tossing more money at education is like dumping gasoline on a fire. I'm going to private schools now. 'Created' jobs is a joke. The only created jobs are the dozens of over paid Csars. BHO is fundraising today. Guess that is 'on the job' to some of you.
Posted by watermelonsunset, Tuesday, October 20, 2009, 5:09 pm He wanted to be president for the perks.What sort of clown would make a statement like that?Then you know the rest of the comments would be more stupid then the first!
Posted by SteveAllan, Tuesday, October 20, 2009, 6:07 pm Give us a break. He is the Perk y est Prez ever. He likes what the position gives to him, not what he can give back. He flies around like royalty, and does not act like a working president who takes his job seriously. He struts around like a king, restricting himself to cultural duties and keeping out of politics. He's fundraising today, while our military is used as target practice. He needs to settle down and get to work. His head is too far up in the clouds to be useful. Get to work, BH Obama. Biden does more important work than this guy.
Posted by watermellonsunset, Tuesday, October 20, 2009, 7:02 pm Response to SteveAllan: DUH, he is the first president to do this travel around like a president should and be presidential because all others flew JetBlue and ate at McDonalds and the previous president did SO much more work while in office!
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