the (new) american worker

Obama To “Show and Tell” for First Anniversary of Economic Recovery Act
February 16, 2010, 2:24 pm
Filed under: Washington | Tags: , , ,

Tomorrow is the first anniversary of the passage of the Economic Recovery Act and the White House seems intent on using the occasion to highlight job creation (or their very own “jobs saved” formula.)

President Obama will host β€œan event involving Americans from across the country have benefited from the Recovery Act,’’ the White House said today, according to The New York Times “The Caucus” blog.

Despite the persistence of unemployment in this “jobless recovery,” the White House has – to the derision of many – persistently claimed that the ERA created/saved? 2 million jobs. Officials from a laundry list of agencies will fan out across the country tomorrow in community meetings and speaking tours to drive home this claim, The Caucus reports.

I believe that many jobs are simply lost – and if the recovery act saved any jobs, let’s be sure they were worth saving. As Nouriel Roubini reminded us all in an op-ed late last year, “recent studies suggest that a quarter of U.S. jobs are fully out-sourceable over time to other countries.”