I suppose this is one way of creating new jobs:
An inconvenient truth, at least for the Obama Administration, is that once upon a time, in their January 2009 Romer/Bernstein Report they told America that without their stimulus there would be 133.9 million jobs. That’s right, in order to make it look like their stimulus has “created or saved” 2.8 million jobs, the Obama Administration first had to whack 7 million jobs from their previous estimates.
If that analysis is right, it certainly looks as though it’s throwing the narrative on economic stimulus into a cocked hat.
This is what gripes me about the ivory tower theoreticians. There are real people in real distress because the economy has shed millions upon millions of jobs. Tinkering with the numbers on paper may get you the number you’re looking for but it does nothing whatever for the real people.