The current administration predicted unemployment would rise to 9 percent by 2010 if Congress did not pass the $787 billion stimulus bill, a do-or-die situation. The President also claimed it would ‘create or save’ 3.5 million jobs and insisted that ‘only government’ could save the country from a recession.

Sad Hill News looked over the ‘Job Impact Recovery and Reinvestment Plan‘ and found this:

“As Figure 1 shows, even with the large prototypical package, the unemployment rate in 2010Q4 is predicted to be approximately 7.0%, which is well below the approximately 8.8% that would result in the absence of a plan.1”

Near the beginning of Obama’s 2010′s ‘recovery summer,’ he said the stimulus bill created or saved 150,000 new jobs and that it would ‘create or save’ another 600,000 jobs by the end of the summer. Today, the Bureau of Labor Statistics revealed unemployment is now at 9.6% and America accumulated 283,000 job losses over the summer.

What do we learn from all of this? Qualifying ‘hope and change’ has its price. (sigh)

‘Recovery Act’ do-or-die speech:

Double digit unemployment speeches:

Media fall for phony ‘jobs’ claim: HERE

Job Impact Recovery / Reinvestment Plan PDF: HERE

Unemployment justification: HERE

Double digit claims: HERE

Unemployment 9.6%: HERE

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28 Responses to False Unemployment And Phony ‘Jobs’ Claim

  1. [...] jobs claims: HERE Glad you're here! Tagged with: Barack Obama • Town Hall • [...]

  2. [...] “America is doing what Britain did, [it] spends much more than it can afford and its not addressing the issue. The decline of empires has happened much faster than folks think.” [...]

  3. [...] Note: The $200 million figure has been ‘denied’ by the White House. Their figures have not been released. Let’s hope they don’t use the same math they used to calculate unemployment. [...]

  4. [...] Mainstream media is still too busy basking in Obama’s latest ambiguous ‘promise’ of $10 billion business deals and yet-to-be-seen 50,000 US jobs – all promised to the American people by the same president, who not so long ago, heralded the do-or-die stimulus package, false unemployment rates and phony jobs claims. [...]

  5. [...] listed its goodwill at zero a year earlier. It’s as if a $30.2 billion asset suddenly materialized out of thin air. In the upside-down world that is GM’s balance sheet, that’s exactly what [...]

  6. [...] as the feds continuously lie about naked body scanners, globalism, stimulus packages, unemployment rates, shovel-ready jobs and our national debt, we offer kudos to The Washington Post for putting aside [...]

  7. [...] Inauguration’ commercial airs on television – ‘A symbol of liberty, opportunity, prosperity and [...]

  8. [...] that more and more of our top minds want to work for the government. Why? Because in recent years only government agencies have been hiring, and because the offer of near lifetime security is highly valued in these times of economic [...]

  9. [...] Administration predicted unemployment would rise to 9 percent by 2010 if Congress did not pass the do-or-die $787 billion stimulus bill. And while insisting that ‘only government’ could save the country from a recession President [...]

  10. [...] False unemployment and phony jobs claim: HERE [...]

  11. [...] False unemployment and phony jobs claim: HERE [...]

  12. [...] really high levels of underemployment and unemployment will haunt young people for at least another decade,” Sum [...]

  13. [...] False unemployment and phony jobs claim: HERE [...]

  14. [...] ratings reached the crucial 50% barrier, as claimed by NY Times/CBS News in their magic poll. The strengthening jobs market and quickening economic news have improved his standing in several key states the president will [...]

  15. [...] False unemployment and phony jobs claim: HERE [...]

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