Now Sen. Chuck Schumer (D-NY) is upping the ante:
"Before the stimulus, we were losing 700,000, 800,000 jobs a month, a huge amount."
See? Now it's up to 800,000 jobs a month...
And the reason this number gets exaggerated? To make today's job losses look like improvements.
The problem is, they ARE improvements. To have 300,000 job loses is better than 400,000 or 500,000 from the months prior to Obama taking office. Everyone will agree that the numbers are still too high, but there's no need to distort the facts to try and paint an even 'prettier' picture.
Of course, they're also saying these numbers are an indication that government spending in the form of the stimulus is working, even though most of that money hasn't even hit the economy yet.
The problem with that scenario is clearly demonstrated by the similar 'cash for clunkers' spending. The minute the money ran out, so did the supposed 'stimulus.' But that just leads to calls for even more government spending by those on the left....a vicious downward spiral because, as Margaret Thatcher once said, eventually you run out of other people's money.
H/T Warner Todd Huston at Publius' Forum