It's the Jobs, Stupid

It's a good that the Obama White House controls the media, otherwise, the country might actually hear about how huge of a miscalculation the President has made on "job creation."

According to the Republican Way and Means Committee, at the end of September 2009, the country has lost 2.7M jobs year-to-date. Obama expects 3.4M jobs to be created by year-end. That's a difference of ~6.2M jobs!!!

The stimulus has failed. It failed for the exact reason that non-partisan economists said it would fail; the money stayed in the public economy instead of being spent in the private economy. The public economy (government) creates debt. The private economy creates growth, jobs, industry. Stimulating the public economy wasn't going to create jobs but rather put more burden on the Americans who still have jobs.

Sooner or later the media will have to report this failure and Obama will have to respond. The best thing Washington can do is reduce spending and cut taxes. Of course doing so would be an admission that Regan-era free market economics are far superior to tax-and-spend socialism.