They're back: Obama's "saved or created jobs"

Putting America to work?

Let's review: In selling the $862 billion economic stimulus boondoggle, the White House promised that the nationwide unemployment rate would not exceed 8 percent. It's been stuck at 9.6 percent for the last few months--and by now, according to the clueless experts behind the stimulus, the jobless rate was supposed to have been down to 7 percent.

Early on the Obama administration realized that they were staring defeat in its face--so it invented a new economic term, "Saved or created job." Facts are stubborn things--there is no way to determine what a "saved job" is.

Back in January ABC News' Jake Tapper reported that the Obama administration would drop using the term, but just yesterday, the White House Council of Economic Advisers announced that the American Recovery and Reinvestment Act has "by some measures has exceeded the original goal of creating or saving [emphasis mine] 3.5 million jobs by the end of 2010."

By some measures? Which ones?

People who are unemployed surely are unimpressed.

Technorati tags: Obama Barack Obama economy news jobs politics government boondoggle stimulus unemployment arra economics statistics