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Wednesday, June 3, 2009

Economics and Snake Oil

 
 

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via Truth is Contagious by J Walter on 6/3/09

After nearly twenty years in Washington I thought I've seen every trick ever conceived, but the White House claims of "jobs saved" attributed to the stimulus bill is unrivaled. What causes the jaw to drop is not just the breathtaking deception of the claim, but the gullibility of the Washington press corps to continue reporting it.

News stories from President Obama's event last week hailing the 100-day mark since the stimulus was passed typically repeated the assertion that the stimulus has already "created or saved 150,00 jobs." ("And that's just the beginning," the President crowed.)

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