Politics

Democrats continue to insist that they created jobs.  To do this they extracted trillions from our economic future in an effort to create jobs that did not yet exist–that perhaps were  not needed yet.  Looking at similar exercises, cash for clunkers–which moved car sales forward a few months but has since resulted in a collapse in the market; the home mortgage bail outs, supports, credits, and the "home affordable" programs which improved home sales briefly but which have since collapsed (also to historic lows); and then there’s the stimulus, several public sector employee bailouts, bank lending infusions, small business bills, and everything in between including health care reform–many trillions spent, all made with claims that they would create, save, or incentivize job creation.

Lets concede the possibility that some jobs were saved or created with money from the future.  Let’s also, for academic purposes,  concede the number of 1.4 million-3.3 million jobs saved or created ( quote from Paul Hodes campaign if that matters).  What happens now?  Even if we can agree to these figures the mathematical reality is that despite these efforts, and at great expense, we still lost more jobs than we saved or created.  Millions are still unemployed with hundreds of thousands more people working less, working shorter hours, or who have given up looking altogether just in the 12 months since someone declared the recession over.  We got a net sum loss with the price of admission, and that debt is now looming over our ability to sustain or improve the job picture moving forward because of the Faustian fiscal political calculation the democrats made in what now appears to be a series of vote getting scams gone horribly wrong.

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