Here's another "told you so" moment. Ever since the Obama administration came up with their "jobs created/saved" metric to promote their disgraceful "stimulus" package, we, like many others, have been saying that their metric is bogus and totally arbitrary.
Well, yesterday, Christina Romer, chair of Obama's Council of Economic Advisors, admitted to that fact. When asked by CNBC's Maria Bartiromo whether the administration knew just how many jobs had been "saved or created," Romer said:
"It's very hard to say exactly—you don't know what the baseline is," Romer said in a live interview. "Because you don't know what the economy would have done without it (the stimulus plan)."