1. The White House yesterday released its initial tally on the rubber-hits-the-road results of its intensely trumpeted "Stimulus."
2. In six months of spending, a scant sum of 30,000 jobs have been "created or saved."
3. At a cost of $16 billion allocated and $2.2 actually allotted.
4. Where's the catalysis?
5. We were told the whole point of the Recovery Act was all about NOW.
6. It appears, instead, Plan Pelosi really was the most egregious example of insiders earmark, traditional pork barrel budgeting, business as usual.
7. Michigan, for one measure, our most miserable milieu, moaning with more than 15% unemployed, "saved" a mere 400 commissions at a bottom line of $1.5 mil.
8. Or, $400,000 per.
9. A grafitti removal project in the Los Angeles Aqueduct, granted some $800,000, hired just one new wall scrubber.
10. New York, another nervous neighbor, has engaged 655 new workers at a cost of $60 mil, almost 7 figures per.
11. Rhode Island has added an aggregate 6 artisans.
Recipient-Reported State and Agency Data
12. All this melancholy accounting is one thing, the manifest absence of stimulation is more.
13. This chief exec and his congress have no clue what they're accomplishing.
14. Leviathan health care dies a thousand cuts, some small, many large.
15. 30,000 jobs "created or saved" by Thanksgiving EXCEEDS the White House's expectations of its own "Stimulus."
30,383: First stimulus jobs numbers unveiled - Oct. 15, 2009The White House on Thursday unveiled the first hard data on how many jobs the $787 billion recovery act has created.
So far, companies that have received stimulus contracts directly from the federal government have created 30,383 jobs. These firms have been awarded $16 billion in contracts, and have actually been paid $2.2 billion.
Stimulus-fueled job creation has become a very controversial issue. The White House has faced blistering attacks by Republicans, who contend that the recovery act has failed to live up to its promise to put Americans back to work.
So far, the federal government has made available a total of $256.3 billion in contracts, grants and loans and has paid out $110.7 billion to state and local governments, non-profit agencies and companies. The reports released Thursday were the first in a series that provides a tally of the actual number of jobs created by the Recovery Act.
Small Slice of Stimulus
The Obama administration downplayed the data released Thursday, saying it represents just a small sliver of the stimulus that's been spent since the massive recovery act was enacted in February.
"It is too soon to draw any global conclusions from this partial and preliminary data...but the early indications are quite positive," said Jared Bernstein, chief economist for Vice President Joe Biden. "The direct count by Recovery Act recipients of jobs created or saved from this small percentage of the Recovery Act exceeds our projections."