When Barack Obama used such weasel words during his presidential campaign as in "I will create or save 3 million jobs over the next 2 years," Americans with some economic sense wondered how he knew how many jobs he could "save." Of course, during the presidential campaign, the left-wing Obama-favoring media, and now the White House press corps, have let him and his ecomomists off the hook on this point.
Just last week, Obama boasted that his one trillion (with interest) dollar stimulus package had already created or saved 150,000 jobs. Even an Obama administration official in a hearing this week could not explain to a Republican Congressman how the Obama administration came up with this wild 150,000 job gain figure according to Fox News tonight.
As Karl Rove writes in "The Wall Street Journal", nearly 1.9 million jobs have been lost since January when Obama was sworn in as president.. As Mr. Rove points out, in the beginning of January, 134.3 million people were employed. At the beginning of May, 132.4 million Americans were working, a loss of 1.9 million jobs. Considering that Obama took office in the third week of January, and his trillion dollar stimulus bill was signed into law shortly thereafter, let's give him credit for a loss of only 1.5 million jobs.