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.

‘Cash for clunkers’ was an even bigger clunker than we first realized
If majority rule is such a great idea, why don’t we vote on toothpaste?
If a bad relationship needs to end, fake Facebook posts won’t fool us
This burning question divides us: Why can’t you people be like me?
After years of wasting my life, sands of time are slipping away
Genuine love is always extreme — and it rarely makes any sense
Global warming or a new ice age? Anyone who claims to know is lying
New command from the French state: ‘Thou shalt not say Facebook or Twitter on TV or radio’