For Obama it is not called Fuzzy Math

President Barack Obama economic stimulus plan promise to create or save 3.5 million jobs by the end of next year. The deceptive game the administration is using has come full circle. So here is the fuzzy math to borrow an old saying. The white House wants a $1.50 return on every dollar spent. Then for every 1% growth in the economy there should be one million jobs created or saved. The formula is stimulus money times a multiplier, divided by gross domestic product. This is how the White House can come up with 3.5 percent, or they will create 3.5 million jobs. So when you hear the White take credit for creating or saving 150,000 the number they are arriving at is based on their own formula. In another words, this is how much of your tax money we have spent so that equals all these jobs. The problem is that as long as they keep spending our money they will hit the made up number because it is not based on the real economy. The true number s need to be culled from unemployment figures, manufacturing and construction data, and county-by-county, state-by-state job reports. This summer you will hear President Obama has promised to create 600,000 jobs by the end of the summer, they way the government is spending money this should be no problem using this formula. The proof is if the economy improves, none of this may matter. The total number of people on the unemployment insurance dropped while new claims rose slightly. The total unemployment insurance rolls fell by 148,000 to 6.69 million in the week ending June 6, the largest drop in more than seven years. But nearly half of recipients at the end of last month had exhausted the 26 weeks of benefits provided under the regular state program without finding work. Let’s go President Obama spend some more of our grandchildren’s money so we can pretend you are creating and saving jobs.

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