ABOUT ME

 

Nick Ragone is an author, attorney and public relations executive in New York City. He earned a bachelor’s degree in history and political science from Rutgers University, and is a graduate of the Eagleton Institute of Political Science at Rutgers University (undergraduate) and the Georgetown University Law Center.

He is the author of three books: Essential American Government, Everything American Government, and President's Most Wanted. Nick is a regular contributor to the Fox News Channel and Fox Business, the PIX11 Morning Show, and has a weekly appearance on the popular Raph Bailey Radio Show.  He co-anchored PIX11's five-hour live inauguration coverage with Jim Watkins and Kaity Tong.

Nick is a contributor to Donklephant.com, one of the most influential political blogs on the web, and  has written for US News & World Report, The Star-Ledger, Real Simple Magazine and RealSimple.com.  Nick has been quoted in over two dozen stories on politics, the presidency, and public relations.  In December of 2007, Nick was named one of PR Week's 40 under 40 to watch, and in May of 2008 was featured in "Profiles of Success", a book about public relations. Nick lives in Jersey City, NJ, with his wife and two children, and spends what little free time he has obsessing on the Mets.

Nick can also be found on Facebook. http://www.facebook.com/profile.php?id=740817853


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« Go to www.milesobrien.com | Main | Nick on The Ralph Bailey Show »
Friday
Feb132009

How do you measure a saved job?

Ok riddle me this:  the Obama administration is claiming that the stimulus free-for-all package will "save or create" 4 million jobs ... I know how to measure a new job, but how do we identify a job "saved"?

If we lose another 500,000 jobs next month, can't the administration simply say: well, it would have been a million jobs, so we just saved 500,000?  How on earth do you properly measure this?

Some commentators are saying that the administration is going to use 600,000 job losses (per month) as a starting point, so any loss less than 600,000 will be considered a "saved" job.

To behave like quote Tom Cruise:  that's crazy.  You know what this is: a trillion dollar re-election plan.  Obama is betting that this spending orgy will do enough to soften the recession so that by late 2011, it'll seem like we're growing again (probably 2-3%).  It'll be a government fabricated pretend-recovery, but that should be enough for re-election. 

Seems cynical, but  how else to explain a patently rediculous bill.  Our economy has been over-leveraged for 6-8 years now, and the administration's answer: more spending!

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