Friday, October 30, 2009

No of Jobs Saved?

I think the White House has understated the new jobs created/saved with the stimulus.They talk about 600,000 or a million.Some more doubting souls count just 30,000.
However if you follow WH logic, then perhaps 20 million jobs saved by WH action-BECAUSE everyone who wasn't fired or laid off- another credit for the stimulus and the brilliant economic team!
Yet today I heard that despite yesterdays numbers, we should not be suprised by 11% unemployment by the end of next year.
I guess more taxes, more uncertainty on the economic front, more govt. hires, more stimulus, more cash for clunkers- surely will solve all problems.