Obama increases meaningless number

Last month, President-Elect Obama proposed to create or save 2.5 million jobs.  Although the press dutifully reported it as though it were a meaningful target, the “or save” phrase makes it impossible to measure whether he has succeeded.  Whatever happens, so long as total employment doesn’t drop below 2.5 million, Obama can argue that we would have been 2.5 million worse off without his policies.  Currently, 145 million people are employed, so the essence of his “ambitious” benchmark is for employment to drop by less than 98.3%.

Ah, but that was then.  Now, Obama has increased his meaningless figure to 3 million jobs created or saved.  With the new “more ambitious” goal, he’s only covered if employment drops by less than 97.9%.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s