Don Surber wraps it up in this Daily Mail article.
“But the 30,000 figure is overstated by thousands — at the very least by nearly 5,000, or one in six, based on AP’s limited review of some of the contracts — because some federal agencies and recipients of the money provided incorrect job counts. The review found some counts were more than 10 times as high as the actual number of jobs; some jobs were credited to stimulus spending when, in fact, none was produced.”
And it continued in California.
The Sacramento Bee: “Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably never were in danger, a Bee review has found… In a required state report to the federal government, the university system said the $268.5 million it received in stimulus funding through October allowed it to retain 26,156 employees.
And in Colorado.
The Denver Post: “The federal government reported Friday that Colorado created or saved 8,094 jobs through grants, loans and contracts funded by the American Recovery and Reinvestment Act. Problem is, the figure is wrong, according to an analysis of recovery.gov data by The Denver Post. Although a Colorado Springs Head Start program reported it had created or preserved 269 jobs, the real number was three, according to an interview with a program manager.”
Now as unemployment surges past 10% on its way to who knows where — 15%? — the administration scrambled for cover. Lost in all the math is how paltry 650,000 jobs is in a nation of 15,700,000 unemployed people.
The press is starting to wake up, smell the incompetence and do the math.
Read it all here. via Lucianne.