About 650,000 jobs have been saved or created under President Barack Obama's economic stimulus plan, the White House said Friday, saying it is on track to reach the president's goal of 3.5 million jobs by the end of next year.3.5 million jobs? .....That's certainly a goal all right. So how are they going to do it? I think you'll like it. See they took out credit default swaps against any catastrophic losses in the economy. The tanking job market as well as the first 2 quarters of negative GDP growth means that financial giants are going to have to pay out nearly 3.5 million jobs cover the swaps the government took out on the economy. It's a shame that we saw growth in the 3rd quarter or we really could have gotten a killer job payout.
New job numbers from businesses, contractors, state and local governments, nonprofit groups and universities were scheduled to be released publicly later Friday. White House economic adviser Jared Bernstein said the figures will show that, when adding in jobs linked to $288 billion in tax cuts, the stimulus plan has created or saved more than 1 million jobs.
Just kidding, they think it's going to happen by magic.
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