Thursday, October 29, 2009

Stimulus jobs in U.S. overstated by thousands

Let's hope this White House isn't cooking the books. At the very least they are so ineffective in creating jobs that they feel a need to exaggerate the job creation record. It should have been the priority of this President upon taking office. It doesn't seem to be the case, right now.

in reference to:

"An early progress report on President 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, 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."
- Stimulus jobs in U.S. overstated by thousands - USATODAY.com (view on Google Sidewiki)

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