Thursday, February 4, 2010

Obama: "All the economists in the universe think I've created jobs!"

Barack Obama used to criticize politicians who were inside the "Washington bubble." It looks like he's become trapped inside it himself.
Here's an actual quote from Obama in Nashua, New Hampshire recently: “Now, if you hear some of the critics, they’ll say, well, the Recovery Act, I don’t know if that’s really worked, because we still have high unemployment. But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.”
No, he wasn't kidding. Obama actually said every economist thinks his absurd stimulus boondoggle created two million jobs. This is news to the economists in Obama's own White House who predicted that 650,000 to 1.6 million jobs were created as a result of the stimulus. It's also news to economists Dan Mitchell, J.D. Foster, Peter Schiff, Larry Kudlow, and Jim Cramer. Schiff went so far as to call the stimulus an "unmitigated disaster." Meanwhile 200 other economists took out an advertisement in the New York Times opposing the stimulus.

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