JOBS
Obama VOWS creation of 2.5 million new jobs.
This is his first big promise.
It is also a good place to start watching what he says and does.
Thus far, all his efforts seem to be very unoriginal and very much a retread of Clintonian or even the status quo.
2.5 million NEW jobs.
In watching this new number, a few points need to be remembered.
A certain number of jobs are created each year without any help or stimulus.
That is the magic of a 2.5 million number. It isn't clear whether it is above what the businesses of America employ each year or whether the annual job creation number is subtracted from the 2.5 million.
next, you will have to do a little fact finding - Find out the average job growth in 2001-2002-2003-2004-2005-2006-2007, and 2008. This number should be added to the 2.5 million because Bush managed to add that many (on average), and for Obama to be doing something truly unique, it has to be MORE than what Bush has done.
Say the Bush average (2001-2008) job creation rate was 2 million, then all Obama is saying is, he will create 500,000 more jobs.
The other factor is - how many jobs are lost. If due to Obama's actions, 2.54 million people lose jobs, and he causes by his actions the creation of 2.5 million new jobs, he has actually caused a net loss, not a gain.
The answers to the above will be clear when the process gets underway. It will be useful to know in just under 1400 days.
Obama
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