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October 29th, 2009 2:05 pm
Stimulus Creates Jobs … for Fact-Checkers
Posted by Print

An AP story today shows that the Obama Administration overcounted the number of jobs “created or saved” thus far by the stimulus package by about 5,000. That may sound like small change, but not when you realize that the Administration’s entire claim was only 30,000. In other words, one in every six of those jobs is make-believe.

Here’s an intellectual exercise to lay the stimulus bare. It came into effect on February 17 — 254 days ago. Based on the newest estimates that means it’s created about 100 jobs a day (or 2 per day per state). Leaving aside the opportunity cost of pulling the stimulus money out of the private sector, does anybody think that 14 jobs a week is going to pull California out of the morass?

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