Brendan Wagner writes:
Rich,
It is complete madness. You cite the CBO’s “attack on math,” as I like to call it, the 1.4-3.3mil jobs created in one quarter. Pelosi, Biden, Obama cite that figure as the total jobs created by the stimulus, obviously aware that citing the nearly 7million total the CBO came up with would make even their biggest fans laugh in their face.
As I wrote in my Minyanville piece, ” If the concept of Keynesian fiscal stimulus can survive the meaningless job-creation math of the ARRA, then I do believe it can survive anything!” Please take a peek: Part 1 and Part 2.