Thursday, October 29, 2009

Stimulus Jobs Numbers Fudged

I think they need to just abandon the failed stimulus and get on with an actual jobs creation bill using whatever stimulus money that hasn't been wasted. These shenanigans that they are pulling with "saved" jobs and other nonsense is just not working.

The government's first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, or one in six, according to an Associated Press review of a sample of stimulus contracts.

The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.

The idea that they spent $787 billion and only have a measly 30,000 jobs to account for it just shows that the "stimulus" money was flushed down the toilet. Also just about all of these jobs seem to be of the 5 month variety as well so they aren't even very permanent.

No comments: