Tuesday, January 12, 2010

Goalposts Moved on Stimulus "Jobs" Created

Well, it seems that all those errors and fake congressional districts are not enough to inflate the jobs "created or saved" to a high enough level.

Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It's no longer about counting a job as saved or created; now it's a matter of counting jobs funded by the stimulus.

That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.

In other words now every construction firm that even gets a dime of stimulus money no matter how well they were doing before just got "created or saved." That also goes for every weather-proofer or broadband installer as well.

They should just count all the unemployed as "saved jobs" since they will be getting stimulus money in the form of extended unemployment benefits. I think the White House needs to come to the conclusion that the stimulus was a dismal failure and start working on a "jobs bill" with the leftover stimulus money. Maybe that might actually lower the unemployment rate.

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