The Homa Files

Call me cynical, but Pres Obama’s promise of  “up to 4 million jobs created or saved” sounds like a pretty soft metric to me.

First, there’s the “up to” part.  So, if the final answer is, say 2 million, the metric is made.

But, the real weasle room is in the “created or saved”.  What exactly is a saved job?  How do you know one when you see it?

My bet: For the next year or two, we’ll be hearing that Bush’s failed policies left the economy in even worse shape than anyone imagined and we’ll get bombarded with TARP-like claims that things would have been even worse without the added spending.  Jobs will continue to evaporate, but at a slower rate than some made up “what if” number.

For sure, we’ll have saved up to 4 million jobs.

* * * * *

Want more from the Homa Files?
Click link =>  The Homa Files Blog

This entry was posted on February 10, 2009 at 8:11 am and is filed under Financial Crisis, Financial Services & Crises, Gov't Spending, Government & Politics, Obama - Promises Made & Kept, Obama Administration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.