Remember when Nancy Pelosi claimed that every month that Obama's stimulus bill was not enacted into law 500,000,000 American jobs would be lost. Here, let me refresh your memory:
OK, she meant to say 500,000. So her point was that 500,000 jobs would be lost each month if Obama's stimulus plan wasn't acted upon. So right after the President's Day holiday in February, Obama signed his stimulus bill into law. So that should have meant that job losses should stop, or at least slow, or at least be less then 500,000. Right? WRONG! According to ADP, the private sector slashed 742,000 jobs in March. Plus, economists are expecting the Labour Department to announce that the unemployment rate will rise to 8.5% on Friday.
Private sector cuts 742,000 jobs in March, ADP says (MarketWatch)
Now I perfectly expect Ms. Pelosi to claim that she meant 500,000,000 the whole time and that a loss of only 742,000 jobs is a huge success for Obama's stimulus bill. She'll actually claim that Obama saved 499,258,000 jobs. You watch and see.
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