Not only has the stimulus led to a massive number of new jobs, apparently its led to an Orwellian rethinking of the science of mathematics.
In 2009, the Obama regime told us that, without the stimulus, our workforce would shrink to 133.9 million jobs.
Well, 14 months into the stimulus, we now have 129.7 million jobs - not surprising really, since the stimulus was aimed at everything but the creation of new jobs in the private sector.
And yet . . . the Obama Administration, but a few days ago, claimed that the stimulus "created or saved" 2.8 million jobs.
So lets see . . . . 133.9 - 129.7 = 4.2 million less jobs . . . . [erase] . . . hmmm, maybe if I carry the 2 and divide by the square root of Obama's I.Q. . . . nope . . . . jeez, I just don't understand this new math . . . .
As Big Government points out, to get to the Obama administration's 2.8 million jobs created or saved, the administration had to subtract 7 million jobs from their 2009 baseline of what the workforce would been without the stimulus. That is new math indeed.
The reality is that, for all practical purposes, the only thing the Obama stimulus actually saved were public sector jobs and some very small, very limited jobs in the quasi-private sector that deal with green energy and/or that rely on government contracts. That means nearly three quarters of a trillion dollars that could have gone to stimulate the private sector was wasted. The vast majority of the jobs attribuatable to the stimulus are in the public sector that, itself, produces no new wealth.
Thus, in the words of that iconic American philosopher, Rev. Jeremiah Wright, "America's chickens are coming home to roost." The public sector, having survived a year on borrowed Obama-money, is now now facing deep cuts. So will the Obama administration begin subtracting those "saved or created" public sector jobs now getting the axe. Actually, even that doesn't begin to accurately reflect what the stimulus has cost the nation. That three quarters of a trillion dollars that mostly went to prop up the pulbic sector has to be analyzed in terms of the lost opportunity costs had we used the stimulus to help create permanent private sector jobs. Somehow, I think that it would take one hell of a lot of NewMath to make that number look good from the left's perspective.