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.

Which side should we take in Syria? Let’s just mind our own business
How did memory get it wrong? Why did I edit truth about her?
Drug raid in Birmingham points to folly and failure of the ‘drug war’
Having a bad day? Meg gives you free smiles at the Rainbow Shop
I can force child to obey me, but obedience comes with high cost
Mass. principal cancels honors night so losers won’t have hurt feelings
If the state didn’t wither away for Marx and Engels, is there really a post-statist era ahead now?
Patterns that made old mistakes keep us making same old errors