Stimulus jobs overstated by thousands – What a shock!


Why shouldn’t we entrust our government with our healthcare, banks, automobiles, and the weather? And where’s old Joe (Don’t mess with Joe) Biden on all of this? Wasn’t he supposed to be the watchdog over the stimulus money? Old Joe says the stimulus is working exactly as planned? Yeah, that’s what I was afraid of.

stimulus-funds-science-misconduct_1

Taxpayer money - Up in smoke

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, 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  pre=”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.

Read the rest of the article here:

http://apnews.myway.com/article/20091029/D9BKMVMG0.html

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Filed under Joe Biden, Stimulus Package

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