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.

Ordinary miracles fill our lives, while we still demand wonders
Why am I shocked that a friend’s happy news makes me feel envy?
Deconstructing my old life’s hard, but I’m learning to be healthier
Buffet’s hypocrisy: His company owes IRS $1 billion in back taxes
If you were once a nerdy outsider, you need to go see ‘Ender’s Game’
I want the culture to value smart women more than ‘hot’ women
U.S. debt per capita worse than basket cases such as Greece
We can’t agree what intelligence is, but it defines some of us
Little remains in me of the person I was when I married for lifetime