“Everybody says this is going to create a lot of jobs. We feel strongly that it’s going to be in the three to four million range.”

Those were Christina Romer’s (Obama’s top economic advisor) words nine months ago in a February press conference, touting the $789 billion White House stimulus package. So where do we stand now? According to the Labor Department’s number this morning, that “the three to four million range” is actually how many jobs eliminated.

But these numbers are based strictly on unemployment claims, and are a little misleading. There millions of Americans who’s unemployment compensation has, and millions more who have settled for a part-time job.  So, in reality, the number of jobs eliminated is more like 14.5 million jobs gone or 17.5 percent.

How’s the $789 million working for you?