Thursday, January 14, 2010

"A CEO or CFO issuing such massaged numbers would land in jail."

Don't Like the Numbers? Change 'Em:

The administration has introduced the new notion of "jobs saved" to take credit where none was ever taken before. It seems continually to confuse gross and net numbers. For example, it misses the jobs lost or diverted by the fiscal stimulus. And along with the congressional leadership it hypes the number of "green jobs" likely to be created from the explosion of spending, subsidies, loans and mandates, while ignoring the job losses caused by its taxes, debt, regulations and diktats.

This critique is devastating. Read the whole thing.