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Thread: Stimulus jobs overstated by thousands

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    Stimulus jobs overstated by thousands

    "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 were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced."

    The report goes on to state that there is no evidence the White House did this intentionally and they will fix the numbers. The White House says it was aware of the problem, but they did not seem to publicly fix it until now, when the AP found the errors.

    Were the numbers inflated intentionally or was it an honest mistake? What could have caused the error? Is the government trying to make it seem like the stimulus money is working when it really is not?

    Stimulus jobs overstated by thousands - Yahoo! News
    "Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." -Ronald Reagan

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    Re: Stimulus jobs overstated by thousands

    Well this comes as somewhat of a shock that Obama would, shall I say mislead anyone on any given day on any subject that is intended to make him look like he actually did something right for a change or even for the first time in 10 months of missteps and damnable lies?
    It it possible that this Nobel Peace Prize winner who has done not one damn thing to deserve it and who was just called the greatest writer since Julius Caesar (Even though he uses ghost writers on the sly) could in any way be involved in deception? Could this person in whom the Sun rises and the worlds adoration revolves around be out self promoting?
    MM MMM MM, He's Barack and insane Obama, MM MMM MM get under the bus where he threw his white grand Momma, MM MMM MM.
    In fairness I have to say he has been proven as one thing for which he is clearly and can be called the biggest most prolific ever in the history of the office, that being LIAR in Chief.
    Last edited by Councilman; 10-29-09 at 11:16 AM.

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    Re: Stimulus jobs overstated by thousands

    I'm shocked, shocked, I say. That any reasonable person would think the whole idea that this "stimulus package" was anything but a list of democratic pet spending projects used to benefit supporters of the party.


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    Re: Stimulus jobs overstated by thousands

    Creating... or should I say manufacturing, a fake recovery by using tax dollars to pay for temporary jobs was a bad idea from the start. "Shovel ready" they're called --- fake is another way to describe them. Cash for Clunkers - another manufactured spending plan that backfired to the tune of $24,000 per car purchased.

    We're turning into an Idiocracy - and the idiots cheer loudly. <Cue the clapping - ready the laugh track>

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    Re: Stimulus jobs overstated by thousands

    And then there is the other side of the story:

    The stimulus bill has helped the economy come out of recession. Live with it! Of course you guys wanted the economy to tank so bad...

    The U.S. economy roared to life in late summer, as gross domestic product rose at a 3.5 percent annual rate in the July through September period. It was the best quarter for growth in two years though analysts warned that it was fueled largely by government recovery programs.

    The new data on GDP, which the Commerce Department released Thursday morning, is strong evidence that the recession that began in December 2007 ended sometime this summer. A formal determination will be made by a committee of economists based on a wider range of data, once more complete information is available.

    GDP is the broadest measure of economic activity, capturing the value of goods and services made within U.S. borders during a given period. It was boosted in the third quarter by, among other factors, a jump in government spending driven in part by the federal stimulus bill passed in February, a rise in consumer spending following a year of steep declines, a steadying in the housing market, and businesses ramping up production to replace inventories that had become exceptionally low. Washington Post
    washingtonpost.com

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by tjinta ibis View Post
    And then there is the other side of the story:

    The stimulus bill has helped the economy come out of recession. Live with it! Of course you guys wanted the economy to tank so bad...
    Live with what? The reassessment of the 3Q numbers that will come out in another 2-3 months citing that this 3.5% growth is actually much smaller if it exists at all? You seem to forget the government always makes things sound good until they ultimately revise the numbers later...

    Fake improvements on the backs of taxpayers creating non-existent jobs and improvements, then claiming inflated numbers is what we have to live with.

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    Re: Stimulus jobs overstated by thousands

    what if I was able to buy a car because of cash for clunkers? Is that fake?

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by tjinta ibis View Post
    And then there is the other side of the story:

    The stimulus bill has helped the economy come out of recession. Live with it! Of course you guys wanted the economy to tank so bad...
    Okay, so obscene stimulus spending might have temporarily bumped the GDP significantly positive, so what? I liken it to the action taken by a household that has no savings and decides to spend $10,000 on credit cards in order to keep the household afloat during bad times. The US gov. put out $24,000 (all borrowed and increasing our debt) per $4000 (or less) payout in cash for clunkers. We can only imagine how much it cost for the US gov. to pay out $8000 (perhaps $48,000, if the model holds) for each qualifying 1st time homeowner, again borrowing the money to make the payments. That family who ran up all that credit card debt will eventually have to claim bankruptcy if they continue deficit spending, just as our country might have happen. I guess that you don't think it possible that continued deficit spending can cause the collapse of the US. Just as the family must tighten its belt, do things the hard way, eat beans, and live modestly, reduced spending is the key to save the US from insolvency.

    No one wants to admit the truth when it's not pretty!
    Last edited by rebelbuc; 10-29-09 at 01:18 PM.
    Obama lied... Ambassador Stevens died!

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by drz-400 View Post
    what if I was able to buy a car because of cash for clunkers? Is that fake?
    Yep. Taxpayers paid $24,000 for your car. Think you got a $4,500 break on it - you didn't. That was fake.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by drz-400 View Post
    what if I was able to buy a car because of cash for clunkers? Is that fake?
    No, that's 24,000 dollars added to the budget deficit we all have to pay. Thanks fer nuthin.

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