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.

I can force child to obey me, but obedience comes with high cost
GAME: Can you find names of the last 20 commenters on this site?
If you’ll quit worshiping celebrities, their antics will quit shocking you
Social media is an addictive drug, so I’m kicking my Facebook habit
Timeless design principles beat suburban McMansions for beauty
Intellectual honesty mostly dead — but few partisans even care
FRIDAY FUNNIES
Why does the mainstream ignore those whose predictions were right?
Turn off the Outrage Machine; focus on things you can control