You don't need a calculator to add up the numbers on this one. (On second thought, maybe you do.)Barack Obama says he's going to save or create 2.5 million jobs over the course of two years with a "stimulus plan" at some point after he's sworn in as President in January.
That's nice.
During November, the rolling average of new unemployment claims has been over a half a million per week. Initial jobless claims last week totalled 542,000. That's over a half a million in one week! During the past year, it's been running between 200,000 and 300,000 a week, on average.
So, Barry's two year stimulus plan will save or create one to three months' worth of lost jobs?
The curious nature of statistical reporting shows its face in the third paragraph from the bottom in the T&G article (first link, above) where they say, "With about 1.2 million jobs lost this year, and more projected to be lost in 2009..." But how can a potential workforce of about 200 million be experiencing an annual average "unemployment rate" of over 5% for the year, based on new weekly unemployment claims, and have it only add up to 1.2 million? My calculator says that 5% of 200 million is 10 million. Did they put the decimal point in the right place?
I mean, really... Barry's weekly YouTube address just isn't doing it for me, and neither is the MSM's constant gushing. But if the President-elect says that only 1.2 million jobs were lost over the past year, I suppose it now must be true, eh?
Of course, that means that the American workforce now totals only about 25 million people...
I wonder who Barry will appoint as his Minister of Truth?... Winston Smith?

2 comments:
It's all a mere piffle in the face of the insane $62 Trillion credit default swap loss exposure that is not being talked about for fear of a national run on the banks.
He Hee
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