The Obama administration has claimed that “stimulus” spending created or saved 300,000 to 400,000 jobs each quarter while its money was being doled out. Does anybody seriously believe that number? I don’t.
I was already a skeptic — to put it most politely — of such self-serving econometrics, but two things this week have made me even more skeptical.
First, a source who can’t be identified provided me with copies of documents that his company was required to fill out as a vendor on a contract that it was awarded by a school district. It was made clear to the company that it was expected to report that jobs created and saved, so that’s exactly what the report back to the district showed. Somewhere in the neighborhood of 20 workers had jobs only because of this project, according to the paperwork reported back to the federal government. In truth, nobody was hired just for the project. Nobody would have been fired if the project hadn’t come along.

Best years of our lives? For me, teen years were start of feeling like alien
Uh, oh: For first time since ’45, U.S. job growth was zero last month
Liberal NPR, PBS? Why should tax money pay to influence culture?
Time is the most unrelenting enemy that any of us will face
For some of us, loss of trust is a deep existential threat to heart
If you’ll quit worshiping celebrities, their antics will quit shocking you
I hate the intense pain, but I don’t know how to live without longing