Political Quotes

“the projection, as reported this morning, is that this "porkulus" plan will create or save 3,675,000 thousand jobs. And the formula is that, this is a rule of thumb formula that's also used by the Federal Reserve, that if you spend enough money to increase the Gross Domestic Product by 1 percent, that equates into roughly 1 million new jobs. So if you increase it by 3.675 percent, by spending money, whether you dig a hole and bury it in the coal mine, as we talked earlier, wherever it goes, that's the rule of thumb. And I'd point out also that the President has taken this position that it's create or save. Well, anything can save a job. Doing nothing would save jobs. And this formula that's only indexed back to a loose idea that investing, spending money, just spending money creates jobs, that's all it is. It's just that formula, that rule of thumb.”