As Ed Morrissey at Hot Air said so many months ago , “if your are going to make up a number, why don’t you just say the stimulus created or saved a gazillion jobs?” Indeed … and Charles nails it. Say whatever you want, make up whatever you want, the hard numbers tell another story.
The subject at hand is both the economy and the CBO report released yesterday which claimed that the stimulus had created or saved between 1 million and three million jobs.
In a report published the same day as Minority Leader John Boehner’s criticism of President Obama’s economic policy, the CBO said the stimulus law boosted the economy by between 1.7% and 4.5%, lowered the unemployment rate by between 0.7 percentage points and 1.8 percentage points and increased the number of people employed by between 1.4 million and 3.3 million.
But Krauthammer says … who ya gunna believe the CBO’s made up numbers or the facts on unemployment, 500,000 new claims for unemployment, 27% drop in home sales, and now meager growth, .3%, in durable goods orders?