Tuesday, July 27, 2010

Measuring Jobs Saved

The Obama administration is now faced with poor new job development numbers. So it has scrounged around for something new. The use of “What If” and “Would be” and “Could be” jargon to make its points.

And has come up with “jobs Saved”

This is a completely meaningless number. It is imaginary and gets circulation only from an unintelligent media, that elects to go along with the façade.

Economic research had thrown this thinking aside years ago. If you use actual Bureau of Labor Statistics figures from the government you never arrive at the hocus pocus, arbitrary politicized cant that this has become.

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