Where are the 2.5 Million Jobs, Mr. President?

Where are the 2.5 Million Jobs, Mr. President?.

We found out wherethe number 2.5 million jobs’ created or saved’ comes from.  It comes from a formula.  The formula comes from a theory.  The formula says that for every dollar the government spends, 1.5 dollars’ worth of economic activity is generated, and presto, jobs come out.  The economic geniuses working for Obama want us to believe that by definition, since they spent almost a trillion dollars in ‘stimulus’, they automatically created 2.4 million jobs.  This is called the multiplier effect.”

A theory? Economists from ivory white towers don’t have to live with their decision making; others do.

%d bloggers like this: