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.

Can a free society tolerate intrusions into details of ‘The Lives of Others’?
Proposals to skip rent payments are rooted in magical thinking
Going through old relics tells me I’m still same person I used to be
Social media can be dangerous for those of us raised by narcissists
Hearing voice of the one you love can be medicine for hurting heart
Experimentation produces beauty that won’t come from slavishly following One True Way
If you don’t have a burden in life, you probably won’t achieve much