Somebody on John Kerry’s staff just earned a bonus.
Here’s Kerry’s comment in today’s Wall Street Journal (p. 1., What’s News, World-Wide, first item) on the White House “estimate” that 2.4 million jobs will be added to the economy this year, implying productivity growth of zero:
Kerry said it was “prepared by the same people who brought us intelligence on Iraq.”
Actually, that’s grossly unfair to the intelligence process, which reached a wrong, but not absurd, conclusion. But Kerry is dead right that the credibility of the current occupant of the White House, and the people who work for him, is the central issue in the coming campaign. They don’t tell the truth.
He notices in passing something I haven’t seen anyone else comment on: It appears that the CEA number, prepared last fall, assumed about a million more jobs by now than actually exist. So much for the claim that recent news on the jobs front hasn’t been terrible.