Posts Tagged ‘240

05
Jul
11

240 million jobs?!

Think Progress: … Rick Santorum continued his long-shot campaign this morning with an appearance on CNN. During the interview, Santorum attempted to criticize the Obama administration’s record on jobs, but inadvertently revealed his complete ignorance regarding the American labor force.

Last Friday, the administration’s Council of Economic Advisers released a report showing the effects of the 2009 Recovery Act, which to date has raised employment by between 2.4 and 3.6 million jobs. Santorum cited the report while trying to attack the administration.

However, he completely bungled it: Santorum said the Obama administration claimed to have created 280 million jobs last December, and is now claiming to have created 240 million jobs, thus proving that the Recovery Act somehow destroyed jobs…

….. The entire American civilian labor force is about 153 million people. There are currently 13.9 million people unemployed. If the Obama administration had created 240 to 280 million jobs, the unemployment crisis would have been solved several times over, and America would have so many jobs that it would need to start employing workers from all over the world just to fill all the available positions.

More here

Thanks Fred




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