Wednesday, September 15, 2010

Goolsbee got a new job; Has to lie

Austin Goolsbee has a long, honored career as an economist - a left-oriented one. Economix Blog But now he is working for Obama. He is off to a bad start if you listen to his words. Shreveport Times So does his new job mean he has to lie? Sunday he said: When VP Biden called it the "Summer of Recovery" he did not mean more jobs. Fox News
"The vice president was talking about the summer of recovery in reference to the Recovery Act, that you would see the creation of a series of infrastructure and other projects ramping up over the summer," Goolsbee said on "Fox News Sunday." "And you did see that." ... Goolsbee, though, said it would be "unfair" to suggest the "summer of recovery" was undermined by the jobs numbers
Biden has been saying new projects mean more jobs: ("Summer of Recovery" at White House - pdf)
But Summer 2010 will be the most active Recovery Act season yet for projects, ensuring a steady impact on jobs well into the fall and through the end of the year. Unlike previous seasons, when Recovery Act investments in tax relief and payments were driving economic rescue and recovery, Summer 2010 will be marked by thousands of highly-visible infrastructure projects across the country. Construction projects will continue to accelerate on roads, parks, buildings, and homes across the country. As summer construction season kicks into high gear, commitments made late last year to infrastructure investments will transition from committed dollars into tangible action—thousands of projects will break ground and thousands more will increase activity and hiring. The impact on the economy and job creation is far from complete. The Recovery Act is already responsible for up to 2.8 million jobs as of the first quarter of 2010, but this summer surge in projects will put it on-track for at least 3.5 million by the end of this year.
Biden's claim is hugely undercut by the jobs numbers. But it's your job, Professor, to cover for VP Bite Me, I mean, Biden. See also Fox News fact check.

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