I saw two editorials today by liberal Keynesnian economists which leave me thinking they have completely lost grip with reality. One was titled, “Obama Has a Jobs Plan. Romeny Doesn’t.” The other was titled, “It’s OK to Add Debt to Grow Jobs“.
Let me make this very simple. Obama’s Jobs Plan has only one number that counts. In the past three and a half years that Obama has controlled the economy – and for two of those years he enjoyed the triumvirate of a Democratic House and Senate, and got pretty much everything he wanted – the nation has added a net gain of minus 4 million jobs.
We have gone 5 Trillion dollars into debt and the number of Jobs we’ve grown is negative 800,000 positions per trillion dollars spent. That is the truth.
That is Obama’s Jobs Plan.