White House economists reported that the Obama administration's recovery efforts have saved or created more than a million jobs, an estimate attempting to be positive in its forecast concerning the direction that the economy is, and has been, taking, in the last two years.

President Obama made promises that his $787 billion stimulus plan will create or save some 3.5 million jobs by the end of 2010, even though the economy has fared much worse than the White House predicted when it pitched the jobs plan and officials have tried to beat back criticism that the results were not worth the cost of the huge combination of tax cuts, state aid and government programs. Christina Romer, the administration’s economic adviser stated: “We have absolutely seen a change in trajectory,” and also, in the first report that the White House Council on Economic Advisers has made it said that the economy was vastly improving and would have been far worse if not for the economic stimulus package. In this report, made just last Thursday, September 10, the White House referred to an economic formula that tracks the relationship between jobs and the overall economy and that reveals that one million jobs have thus far been saved or created and roughly $250 billion has been spent so far, towards that end.

Hmmmm … wait a minute … I’m not an accountant or an economist but I believe that, by just using simple arithmetic here, that works out to spending $250 million dollars per job! Boy, those politicians sure know how to spend (our) money, huh? Hey, hold on a minute there Ben and Tim where’s my $250-million-dollar job? Ah, yes, I know, it’s at Bank of America, Wells Fargo or Goldman Sachs, where else?

May our friends respect us, trouble neglect us, angels protect us and heaven accept us.