Obama’s Job-Creation Program Flunks Basic Math: Caroline Baum
Obama’s Job-Creation Program Flunks Basic Math: Caroline Baum (flag)
www.bloomberg.com — Commentary by Caroline Baum Dec. 24 (Bloomberg) -- President-elect Barack Obama is still four weeks away from inauguration, and already the size of government is growing. His initial goal of creating 2.5 million new jobs has been upped to 3 million, rising in lockstep with a proposed economic ...
Comments
3 Blogs Link to this Story

The Math Of Obama’s Stimulus Spending Doesn’t Work
Say Anything — So says Caroline Baum: Obama has been working with his advisers so that the proposed $750-billion-and-counting package of tax breaks and spending on infrastructure, education, health care and unemployment insurance is ready to go on Day One. (No on-the-job training necessary!) There are currently about 10 million unemployed workers in the U.S. (The Bureau of Labor Statistics defines as unemployed those persons who didn’t work in the week of the monthly employment survey, were available for work and made an effort to find work in the previous month.) “If we write a check for $75,000 to each of the ...

DOING THE MATH OTHER AMERICANS WON'T DO - AND PROVING OBAMA'S STIMULUS PACKAGE IS A WASTEFUL BOONDOGGLE
THE ASTUTE BLOGGERS — BAUM/BLOOMBERG - VIA GLENN: The Obama administration’s goal of creating 3 million new jobs by January 2011 will run smack into “the natural demographic flow, which will add 3.2 million people to the workforce” in the same time period, O’Neill said. In effect, “we are going to spend $750 billion, the number of unemployed will rise and the (unemployment) rate will go down slightly.” Shoveling to Prosperity O’Neill did the math so you don’t have to. Each job “will cost $250,000, which doesn’t suggest much labor intensity for the dollars spent,” he said. “It makes me wonder if any of the planners ...

Opportunity in Crisis
Maggie's Farm — ... An important essay: Obama’s Job-Creation Program Flunks Basic Math by Caroline Baum at Bloomberg. One quote: ...

Related Content
Congress Misreads Public Anger at Wall Street: Caroline Baum
www.bloomberg.com 2/10/2009 — Commentary by Caroline Baum Feb. 10 (Bloomberg) -- There’s only one thing more revolting than watching Wall Street abuse taxpayer dollars: watching Congress bloviate about it. Our elected representatives are gleeful at the opportunity to fan public ...
Commentary by Caroline Baum Feb. 10 (Bloomberg) -- There’s only one thing more revolting than watching Wall Street abuse taxpayer dollars: watching Congress bloviate about it. Our elected representatives are gleeful at the opportunity to fan public ...
RANGEL 'FLUNKS' $$ MATH
www.nypost.com 2/5/2009 — The financial-disclosure forms filed over the past three decades by Rep. Charles Rangel are full of fuzzy math, according to an exhaustive review released yesterday. The nonpartisan Sunlight Foundation identified 28 separate instances within...
The financial-disclosure forms filed over the past three decades by Rep. Charles Rangel are full of fuzzy math, according to an exhaustive review released yesterday. The nonpartisan Sunlight Foundation identified 28 separate instances within...
Caroline and Me
www.thenation.com 1/8/2009 — Caroline Kennedy would like to be a senator. I don't blame her. So would I! Especially if Governor Paterson could just waft me into office, and I didn't have to, um, you know, campaign. I'll bet some parts of the job are really fun, and it's public ...
Caroline Kennedy would like to be a senator. I don't blame her. So would I! Especially if Governor Paterson could just waft me into office, and I didn't have to, um, you know, campaign. I'll bet some parts of the job are really fun, and it's public ...
Did Caroline Ever Really Want It?
www.fivethirtyeight.com 1/22/2009 — If the news is true that Caroline Kennedy has withdrawn her bid for the Senate, then one of two things has happened. The first possibility is that David Paterson decided some days ago to go with another candidate, and gave Kennedy the opportunity to ...
If the news is true that Caroline Kennedy has withdrawn her bid for the Senate, then one of two things has happened. The first possibility is that David Paterson decided some days ago to go with another candidate, and gave Kennedy the opportunity to ...
The More You Know: Caroline Kennedy (video)
www.youtube.com 12/28/2008 — You know.
You know.
Obama and Government Job Creation
newsbusters.org 11/24/2008 — Media sources seemed to be thrilled that Obama is promising to save or create millions of new jobs. The only problem is they seem to purposefully fail to mention that these will primarily be government jobs. From Libertarian Republican : A check ...
Media sources seemed to be thrilled that Obama is promising to save or create millions of new jobs. The only problem is they seem to purposefully fail to mention that these will primarily be government jobs. From Libertarian Republican : A check ...
Video: The more you know about Caroline…
hotair.com 12/28/2008 — Silly fun from Cuffy Meigs . [...] Read the rest »
Silly fun from Cuffy Meigs . [...] Read the rest »
You Know, You Know, Caroline Kennedy, You Know, Really Wants to Be Senator, You Know (Video)
gatewaypundit.blogspot.com 12/29/2008 — You know, you know, Caroline Kennedy really wants to be a US Senator, you know, and she thinks, you know, that she'd be really good at it, you know: You know? And, she's saying other stupid things too, you know.
You know, you know, Caroline Kennedy really wants to be a US Senator, you know, and she thinks, you know, that she'd be really good at it, you know: You know? And, she's saying other stupid things too, you know.
Caroline Kennedy's Votes
www.openleft.com 12/19/2008 — Oops. City Board of Elections records show Kennedy has failed to vote in many elections since she registered in the city in 1988 - including votes for the Senate seat she hopes to fill and numerous Democratic faceoffs for mayor. "It doesn't speak ...
Oops. City Board of Elections records show Kennedy has failed to vote in many elections since she registered in the city in 1988 - including votes for the Senate seat she hopes to fill and numerous Democratic faceoffs for mayor. "It doesn't speak ...
Daylight for Caroline
www.politico.com 1/2/2009 — Caroline Kennedy is starting the new year on a good note, with the news that a key player in New York State government, Assembly Speaker Sheldon Silver, has dropped his opposition to her -- on the very practical grounds that he thinks she's going to ...
Caroline Kennedy is starting the new year on a good note, with the news that a key player in New York State government, Assembly Speaker Sheldon Silver, has dropped his opposition to her -- on the very practical grounds that he thinks she's going to ...
As duties pile up, Obama's faith in fitness growsmsnbc.com: Politics 12/25/2008
Being elected president forces a man to take inventory of his life, so Barack Obama has trimmed his schedule. But one habit endures: Obama has gone to the gym for at least 48 days in a row.
Energy industry braces for ObamaCNN Political Ticker 12/25/2008
The energy industry is bracing for Obama. NEW YORK (CNNMoney.com) – Despite praising it publicly, the energy industry is wary of President-elect Barack Obama's incoming energy team which will likely call for major changes in the country's ...
Schneider: Obama's 'honeymoon' follows Bush's 'failed marriage'CNN Political Ticker 12/25/2008
Obama’s poll numbers have given him something to smile about lately. (CNN) — How's the honeymoon going? Very well. In fact, better than the country's previous honeymoons. Watch: The new Obama approval numbers When it comes to honeymoons ...
Obama Follows a Tradition, Testifying for ProsecutorsNYT > Politics 12/25/2008
President-elect Barack Obama may have set a land speed record by giving his first interview to investigators even before taking the oath of office. >
Obama Christmas to include turkey and ham dinnerCNN Political Ticker 12/25/2008
(CNN) — President-elect Barack Obama's traditional Hawaiian Christmas includes opening presents with his family this morning, and dining on turkey and ham tonight. The Obamas had spent past Christmases with the president-elect's grandmother ...