Author Topic: Stimulus review finds jobs are overstated by the thousands  (Read 431 times)

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Offline thundley4

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Stimulus review finds jobs are overstated by the thousands
« on: October 29, 2009, 04:19:27 PM »
A Colorado company said it created 4,231 jobs with the help of President Barack Obama's economic recovery plan. The real number: fewer than 1,000.

In the Tampa Bay area, the St. Petersburg Times found state officials inflated the number of jobs supported by a $157 million project to improve U.S. 19 over four years. The stimulus gives $44 million toward the work. After touting 5,800 jobs would benefit, state officials reduced it to 4,400 in September.

But even that estimate uses a federal formula that allows the same job to be counted multiple times for each year at work. Economists said the actual benefit could be 1,100 jobs.

Now an Associated Press review of data released in the program's first progress report has found that the government has overstated by thousands the number of jobs it has created or saved with federal contracts under the president's $787 billion recovery program.

The errors could be magnified Friday when a much larger round of reports is released. It is expected to show hundreds of thousands of jobs repairing public housing, building schools, repaving highways and keeping teachers on local payrolls.

Did anyone really expect anything less than inflated numbers from this administration.

Offline ColonialMarine0431

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Re: Stimulus review finds jobs are overstated by the thousands
« Reply #1 on: October 29, 2009, 04:25:00 PM »
You mean, Chairman MaO and his cronies are...liars??

 :ohnoes: :ohnoes:

I think most rational people knew those figures were B.S. the second they were released. Oc course, the LSM swallowed them hook, line and sinker w/o asking for some proof.
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