Million Job March

Brantley Foster: "Whoa, whoa, listen, I'm going to need your help, both of you."
Fred Melrose: "Is this something I could get fired for?"
Brantley Foster: "Absolutely."
Fred Melrose: "I like it."
--The Secret of My Success

Last Friday the Obama administration proclaimed that 1 million jobs have been saved or created as a result of government stimulus programs. Of course, inquiring minds are curious to learn just how such a figure is derived.

One thing we can be sure of, bureaucrats will not be stepping forward to shoulder blame for any of the jobs lost or 'uncreated' during the bursting of the credit bubble. Measured unemployement has increased from 7 million to 15 million since the credit bubble began bursting in earnest in December 2007.