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Larry Summers says Stimulus will create 20-Million jobs!

January 19th, 2010

By Peter Andrew
ConservativeAmerican.org
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A top economic adviser to President Barack Hugo Obama has claimed twenty-million new jobs will be created in 2010…at least I think he did. You decide.

Larry Summers: Stimulus Will Create 20-Million Jobs!

The 20-million jobs claim comes from an interview the sleepy Larry Summers (who has fallen asleep at more than one economic meeting) gave to NBC’s Meet the Press on August 2nd, 2009. Here’s what he said (from the Official Obama Administration Scandals List #542 dated 8/2/9)…

“The administration’s report was very clear that the stimulus would build over time, that less than 10% of the job creation would take place during 2009, that the largest impacts would be felt as the program took effect, as all of those projects got started…the stimulus bill is a bill that’s largely going to play out in the next couple of years.”

“Less than 10% of the job creation would take place during 2009.”

The President of the United States has made the outrageous claim that he created or saved 2-million jobs in 2009. Soooooooooo, check my math, if “less than” 10% of job creation would take place in 2009, doesn’t it logically follow that the 2-million job figure Obama used is “less than 10%” of the total job creation from the stimulus?

Makes sense to us. You do the math.

Larry Summers has apparently promised the stimulus, when all is said and done, will create a whopping 20-million new jobs!

Should we hold him to this ‘promise?’

The August Summers comments were actually a flip-flop from his own comments on CNN’s Stiuation Room on February 9th, 2009. At that time, Summers was asked how soon before the American public starts to feel the results, the creation of jobs? He said, “You’ll see the effects begin almost immediately.” His later comments indicated it was always “very clear” that the stimulus would “build over time” and only a tiny bit, 10%, would happen “immediately” in 2009. It must be hard for these guys to keep track of all the nonsense that comes out of their mouths.

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