Saturday, October 31, 2009

LA Times: They get it?

I don't know if LA Times is MSM or just another "in that dark corner" type of newspaper but I like the following report. It seems as if they actually get it.

LA TIMES:

Inconsistent messages on Obama's stimulus package:

Confused about President Obama's stimulus package? The administration may not be the place to find clarity. The White House leadership has made statements about the stimulus that often are inconsistent -- and at odds with facts put out by the administration.

Effect of the stimulus

* Vice President Joe Biden on Friday: The stimulus "is responsible for over 1 million jobs so far."

* White House senior advisor Valerie Jarrett on Oct. 18: The stimulus "really staved off a disaster and we saved millions of jobs around the country."

* White House release June 2: "Just over 100 days in, over 150,000 jobs have been created or saved."

* White House senior advisor David Axelrod on June 7: "The stimulus itself has produced hundreds of thousands of jobs."

Purpose of stimulus

* Vice President Biden on June 2: The stimulus is "an initial big jolt to give the economy a real head start."

* Biden on July 26: The stimulus "was intended to provide steady support for our economy over an extended period -- not a jolt that would last only a few months."

Life span of stimulus

* Obama on Jan. 28, two weeks before passage: "Most of the money we're investing as part of this plan will get out the door immediately and go directly to job creation."

* Obama on July 11: "But as I made clear at the time it was passed, the [stimulus] was not designed to work in four moths -- it was designed to work over two years."

Jobs saved or created by the stimulus

* Christina Romer, Council of Economic Advisers chairwoman, on July 13 when asked if she knew the number of jobs that had been saved or created: "It's very hard to say exactly, because you don't know what the baseline is, because you don't know what the economy would have done without it."

* Romer and vice presidential advisor Jared Bernstein released a report Jan. 10 that included a graph titled, "Unemployment Rate with and without the Recovery Plan." The graph showed that with the stimulus, unemployment would not exceed 8%, and without it, unemployment would reach about 9%. Unemployment is now 9.8%.

* Bernstein on June 8 said of the report: "Looking back, it was clearly too optimistic."

1 comment:

The Anti-Jihadist said...

They get it? Answer...unlikely to extremely unlikely. The LA Times, like the rest of their media brethren, is far, far into the tank with Obama. I'm surprised this got past an editor.