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Tuesday, July 14, 2009

No Way to Measure Stimulus Jobs

After news that the stimulus had only created 34 jobs in New Hampshire, despite over $400 million being spent on the effort, the Obama Administration is continuing to downplay the job creation potential of the stimulus bill – now saying there is no way to know how many jobs will be created.

To summarize, CNBC’s Maria Bartiromo asks Dr. Romer, “Is there anyway, then, to measure that statement, save or create 3 million jobs?”

In response, Dr. Romer dodges the question for about a minute before concluding, "We are going to have to wait and see.”

Well, that's comforting...

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