President Barack Obama has pledged repeatedly that the $800 billion stimulus bill he is about to sign will either “save or create” 4 million jobs.
What does that mean exactly? Will 3 million jobs be saved and 1 million created? Will 500,000 be saved and 3.5 created? At last, we have clarity:
“The report confirms that our plan will likely save or create 3 to 4 million jobs,” Obama says in his weekly radio and YouTube address. “Ninety percent of these jobs will be created in the private sector. The remaining 10 percent are mainly public sector jobs we save, like the teachers, police officers, firefighters and others who provide vital services in our communities.”