Economics

How Many Jobs Does Each American Have?

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Evidently the economic situation is even worse than President Obama thinks. In his Washington Post op-ed piece, you may recall, he claims that "if nothing is done, this recession might linger for years," in which case "our economy will lose 5 million more jobs." But Obama is an optimist compared to House Speaker Nancy Pelosi, who last month declared:

Every month that we do not have an economic recovery package, 500 million Americans lose their jobs. I don't think we can go fast enough to stop that.

The New York Post notes that Pelosi made the same claim in a January 18 interview on Fox News Sunday, whereupon Chris Wallace asked her if she meant 500,000, rather than 500 million:

"What did I say, million?" asked Pelosi, adding that it "feels like 500 million."

"Some 500,000 Americans will lose their jobs each month until we have a recovery package," she said.

"Yes, Madam Speaker, it feels like almost twice the entire population are losing their jobs each month," retorted Wallace.

On the bright side, when Pelosi demands $1 trillion in "stimulus," maybe she really means $1 billion. 

[via The Freedom Files]