[Guest post by DRJ]
A year ago, President Obama added a Daily Economic Briefing to his calendar to ensure he is “up-to-date and in-the-loop” while “Treasury, the Fed and his economic advisers work to pull the nation out of recession.”
How’s that working out? Judging by this report from ABC News’ Jake Tapper, not so good:
“President Obama veered off script – and away from the facts – when he spoke about the stimulus bill today in Nashua, NH.
“Now, if you hear some of the critics, they’ll say, well, the Recovery Act, I don’t know if that’s really worked, because we still have high unemployment,” the president said. “But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.”
Um, it’s not true that “every economist” has said the Recovery Act has saved or created two million jobs.”
Tapper’s post has several examples, like the fact that Obama’s Council of Economic Advisers chair Christina Romer has quoted the 2 million jobs number. But others like Dan Mitchell at the libertarian Cato Institute, J.D. Foster at The Heritage Foundation, and Harvard University labor economist Lawrence Katzare are more skeptical. Even the OMB’s Peter Orszag has told his staff to stop claiming jobs “saved or created.”
Maybe this is what happens when Obama doesn’t pay attention to his Daily Economic Briefings and deviates from his prepared text. Or maybe this is what happens when the briefers only tell Obama what he wants to hear.