The Economy and Jobs

There have been a host of scathing articles on the economy. May job numbers show job losses are continuing to mount, although the rate they are mounting is slowing a bit. The President took the opportunity to claim that 150K jobs have been created or saved and promises a 600K job summer. This just opens up a whole can of worms, 1) the President continues to use the term created or “saved” which is a metric that can’t be measured and was even pointed out by Democrat Max Baucus, 2) will the jobs that are created be useful and permanent jobs or will they be government jobs that are created merely for the purpose of saying that a job has been created.

Here is a list of articles that get into a lot of these convenient numbers and hammer home some hard truths.

- Tough words from the AP blowing wholes in the “accelerated plan” that the administration was touting.
- “Saved jobs” from the WSJ
- The President doesn’t like business, particularly American businesses from the WSJ.
- Three Indiana pension funds have delayed the sale of Chrysler to Fiat. Could this force them into liquidation?
- Temporary and part time work mask the real unemployment numbers
- Geithner didn’t really reassure China very much.