STIMULUS WATCH: Stimulus jobs overstated by 1,000s
WASHINGTON (AP) - An early progress report on President Barack Obama's economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.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.
For example:
—A company working with the Federal Communications Commission reported that stimulus money paid for 4,231 jobs, when about 1,000 were produced.
—A Georgia community college reported creating 280 jobs with recovery money, but none was created from stimulus spending.
—A Florida child care center said its stimulus money saved 129 jobs but used the money on raises for existing employees.
To read the whole dreary story, go here: STIMULUS WATCH: Stimulus jobs overstated by 1,000s
And this is on top of the fact that the 30,000 claim replaced the 150,000 claim Obama made in June.
ReplyDeleteThe level of deception running through this White House is terrifying, as is the amount of money that they waste at every opportunity.
ReplyDeleteWell it was a clarion signal when they picked the "BRILLIANT" Timmy Geithner to run Treasury that this Admin was all too happy to play fast and loose with truth.
ReplyDeleteThe arrogance of narcissists: "Forgetting" to pay his taxes for three years runningand deducting one's kids' summer camp tuition. Yet he's smart enough to turn around the economy, what a Crock of S***! What's really disturbing about it is that they actually believe it themselves.
It's not surprising that of all the psychiatric disorders, Clinical Narcissism is the hardest to treat, and from what I recall having read, is more often than not untreatable because narcissists are completely unable to grasp that they are so afflicted. Catch 22.