Wayne Allyn Root writes in his Dec. 14 Newsmax column:
First, we now know that since Obama’s stimulus started, America has actually lost about 2 million jobs. So for Obama to be telling the “technical” truth, it must be true that 3 million new jobs were created, while 5 million jobs were lost — for a net loss of 2 million jobs. Technically, Obama could be telling the truth, the kind of truth told only by lawyers.
Secondly, this awful math sounds remarkably similar to the math of leftist environmentalist politicians in Spain. Millions of “green jobs” have been created in Spain, the environmentalists claim. Yet unemployment in Spain is over 20 percent.
A recent scientific study unearthed the true reason for this disparity. It proved that for every “green job” created, 3 regular jobs in the traditional economy were lost. Gotta love the “new math” devised by Kool-Aid drinking liberals the world over, huh?
In fact, the study in question was not terribly “scientific” — the study’s author has been criticized for his lack of transparency, his “non rigorous methodology,” and his ties to think tanks funded by the oil industry.
Root continued:
Third, let’s assume Obama is 100 percent correct in his belief that his masterful economic plan created 3 million jobs. We know that his stimulus package spent about $750 billion dollars of taxpayer money. Let’s do the simple math. Three million jobs divided into $750 billion dollars equals a cost of about $250,000 per job. Yes, I said $250,000 per job.
While FDR created the “New Deal,” President Obama has created a really “Bad Deal.” By spending $250,000 per job, this is the worst deal in taxpayer history. And that’s only if you believe 3 million jobs were actually created. They weren’t.
In fact, PolitiFact states that such simplistic per-job calculations are misleading because the stimulus money went toward a range of projects and programs including tax breaks, not just for salaries.