Brain
Posts: 3792
Joined: 2/14/2007 Status: offline
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Stop lying and misrepresenting everything. Hannity repeats false calculation of job creation cost During the January 26 edition of Fox News' Hannity, referring to the American Recovery and Reinvestment Act of 2009, host Sean Hannity asserted, "If, on the high side, we reached their job-creation number of 4 million, that's going to cost $217,000 to get that job," echoing a false calculation from a press release issued by the Republicans on the House Appropriations Committee and repeated by numerous media figures. In fact, by calculating the per-job cost by dividing the estimated total cost of the stimulus package by the estimated number of jobs created -- and thus suggesting that the sole purpose of that package is to create jobs -- these media figures ignore other tangible benefits stemming from the package, such as infrastructure improvements and education, health, and public safety investments. As White House senior adviser David Axelrod noted in a January 18 appearance on ABC's This Week: "We're not just spending money to create jobs; we're investing money to strengthen this economy. We're investing in areas like energy independence. We're investing in creating the classrooms of the 21st century for our kids to give us the kind of education system we need. We're investing in computerizing the health-care records of this country so that we can reduce costs and improve care. These things will pay long-term dividends to this country." Moreover, economists, including Center for Economic and Policy Research co-director Dean Baker and Nobel laureate Paul Krugman, have presented another criticism of the claim. In a January 24 post on The American Prospect's Beat the Press blog, Baker wrote: "The Republicans have become fond of saying that President Obama's stimulus package will cost $275,000 for every job created. The media have been typically derelict in simply reporting this number without making any assessment to evaluate it -- as though readers in their spare time are supposed to determine whether it is accurate or not." Baker continued: http://mediamatters.org/research/200901270012
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