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Wednesday, July 14, 2010

White House Touts “Stimulus” Job-Saving Effect

“A report to be unveiled at 11 a.m. EDT will estimate that Obama’s $862 billion economic stimulus package, which passed last year, has saved or created 3 million jobs and is on track to meet its goal of 3.5 million jobs by the end of this year.” (Reuters, Wednesday)

No estimate is expected on the number of jobs not created because government borrowing crowded out private investment.

FEE Timely Classic
“What Is Seen and What Is Unseen: Government ‘Job Creation’” by Larissa Price