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.

Though it’s helpful to have talent, that won’t guarantee success
ObamaCare must fail in long term, but conservatives can’t stop it now
Life-threatening accident for child puts my tiny problems into context
For some of us, loss of trust is a deep existential threat to heart
Without meaning, most are blind to rot destroying their own lives
Petty politics as usual just might be Chris Christie’s bridge to obscurity
I have a history of ignoring signs that warn me it’s time for change