Obama: 650,000 Jobs “Saved Or Created” By Stimulus

The White House says it has saved or created more than 650,000 jobs since passing a massive “bureaucratic bailout” back in February, a figure that neglects to mention that the vast majority of those jobs are taxpayer-funded government positions, not private sector jobs.

Still, President Barack Obama’s economic advisors say they are “ahead of schedule” in their efforts to “create or save” 3.5 million jobs, again, nearly all of them in the government sector.

Meanwhile, the private sector has shed nearly 8 million jobs since the beginning of the recession, and millions more Americans have given up looking for work altogether.

Earlier this month, the Obama administration released preliminary “stimulus data” showing that only 30,383 private sector jobs had been created thus far by the massive $787 billion bailout – which is obviously only one small part of a $13 trillion government “recovery” effort.

So, what happens to all of those “saved” bureaucratic jobs when the stimulus money runs out in 2010?

From Hot Air, which refers to the bureaucratic bailout as a “Porkulus …”

.. all (the bailout) did was to delay that day of reckoning, not eliminate it. When the grant money runs out, those states will still have to make tough decisions on the size and costs of their bureaucracies. They will still have to either raise taxes or start trimming their payrolls, and it won’t be the teacher or the firefighter who gets the pink slip. Porkulus will do the same thing that Cash for Clunkers did, which was to postpone the inevitable — and cost us a fortune in doing so.

You heard it here … or there … first.

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