Funny Math? Hysterical

A friend emails me: “Are the 600,000 imaginary jobs Obama promised yesterday in addition to the 2,000,000 imaginary jobs previously created or saved, or is the old number just inoperative?” Good question. Back in April the president said we already had saved 150,000 jobs. But throughout January and February administration officials promised to “save or create” 3.5 or 4 million jobs. Then they began to say 2 million. But these aren’t, you know, real jobs. They are something called “job equivalents.” (Do they bear the same relationship to “jobs” as “processed cheese” to “cheese”?) But the administration has already admitted the obvious –“it’s such a moving target” — that it’s all pretty meaningless. What isn’t meaningless is that unemployment is at 9.4% and we’ve lost 2.9 million jobs this year.

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Funny Math? Hysterical

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