Editor's notes: new jobless claims on unemployment benefits rose to 479,000 bringing the weekly average well over 463,000. What does not get proper emphasis in this ongoing story is the increasing average. After two years, the weekly average should be on a downward track. It is not, feeding fears of a "double dip" recession.
If Obama is to register any degree of success in the battle to recover jobs for the American people, the weekly average needs to be in the 320,000 to 350,000 range. While he is busy talking about "jobs saved," his "recovery.gov" site gives us an accurate accounting of just how many jobs have been created by the Stimulus:
Recovery Funded Jobs Reported by Recipients
April 1 - June 30, 2010
755,454
Job calculations are based on the number of hours worked in a quarter and funded under the Recovery Act.
As you read the immediate above, note the number -- 755,454. That is the number of full and part-time jobs created by the '09 Stimulus.
Our question is this: why is the media (whether Fox or whatever) not using "recovery.gov" as the center of the debate on Obama's jobs success. These are HIS numbers, after all, and THESE NUMBERS demonstrate just how pathetic is his plan. After a full year and a half, Obama can actually count less than 800,000 jobs -- a miserable failure in anyone's book. Understand that many of these jobs are in question. Here in California, the job count includes workers on projects that were started 4 years ago and are funded by "Measure C." What Obama has done is to offer 5% "financing" to these several projects and then claim all the jobs necessary for their completion - jobs that existed long before he became president. Midknight Review actually believes that real jobs created is less than 300,000.
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