Today, Pres BO was forced to deal with the obvious: Presidents don't create jobs! They make phony claims and create big deficits!
Unfortunately for Pres BO, jobs are created in the private sector.
Unfortunately for all of us, Pres BO does not understand how jobs are created.
After all, this is a man who has never run anything or created any jobs in the real world!
How many jobs can a community organizer create?
"Fiction: When he signed the stimulus, President Obama said that the legislation “will create or save 3.5 million jobs over the next two years.”
Reality: According to the Administration, $112 billion from the stimulus has been spent or obligated so far.
Assuming that the President’s unsubstantiated claim that the legislation has saved 150,000 is correct, each job saved by the first $112 billion in stimulus spending cost $746,600.
At that rate, the entire stimulus would “save” 1 million jobs—far less than the 1.6 million lost since the stimulus was signed.
At a total cost of $787 billion, that is a net loss of at least 600,000 jobs."
The stimulus is not working. Soon, no one will be working either!
