If I were advising the Obama administration and its allies in Congress, I would tell them to take a breath in between explaining why the stimulus bill hasnโ€™t dented the unemployment rate and touting their latest tax-raising โ€œcap and tradeโ€ legislation as a โ€œjobs bill.โ€

If youโ€™re going to justify your legislation based on your ability to assess whether it will create jobs, it would help if anything youโ€™ve passed before had actually, you know, created jobs.