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REUTERS: President Barack Obama said on Monday accelerated stimulus spending would create or save 600,000 jobs over the next 100 days, pledging action to slow the growth of unemployment that has reached a 25-year high. . . . READ MORE
ASSOCIATED PRESS: The job estimate is so murky, it can never be verified. The economy has shed 1.6 million jobs since the stimulus measure was signed in February, far overshadowing White House announcements estimating the effort has saved 150,000 jobs. Public opinion of Obama’s handling of the economy has declined along with the jobs data. . . . READ MORE
WALL STREET JOURNAL: "Saved or created" has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs. His latest invocation came yesterday, when the president declared that the stimulus had already saved or created at least 150,000 American jobs -- and announced he was ramping up some of the stimulus spending so he could "save or create" an additional 600,000 jobs this summer. . . . READ MORE
FORBES: This is not a new claim or a new number, but it underscores one of the biggest challenges of the public relations act that accompanies the stimulus package -- convincing the American people that it's doing what it's supposed to be doing. . . . READ MORE
WASHINGTON POST: Amid all the bickering over statistics, here are two numbers that are not in dispute -- 9.4 and 42. The first is the unemployment rate as of May . . . The second is the percentage of respondents in the latest Gallup poll who disapprove of Obama's handling of the economy, up 12 points since February. . . . READ MORE
CATO/JEFFREY A. MIRON: The concept of "jobs saved" is problematic; it allows the administration to conclude, no matter how bad things get, that the stimulus worked because the economy would have been even worse without the stimulus. . . . READ MORE
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Tuesday, June 9, 2009
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