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Sunday, March 15, 2009

Saved or created? That is the question.

It hit me while driving someplace and listening to the radio, maybe a month ago -- that the President was talking about the outcome of his stimulus package while using the now oft-repeated phrase about three and half million jobs, "saved or created."
(Freepik image)


I'm hearing it again as I watch one of President Obama's acolytes on "Meet The Press" and so I'll ask you dear reader...

how does one accurately measure a job saved?  How can one record a job loss that didn't occur, but might have occurred under the circumstances?

Data on new jobs created are obviously available and broadly examined -- but jobs saved?  It seems like a clever mechanism to avoid any rigorous assessment of the relative success or failure of the stimulus plan.

What's actually been created, is simply a new rhetorical device called "jobs saved".  That phrase is designed to portray an anemic employment picture as something more robust, even if the metric can't be measured. 

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