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.

FRIDAY FUNNIES
In other news, donations keep pouring in to feed the monkeys
Love & Hope — Episode 11:
Why did I really feel annoyed? They were happy; I was jealous
What kind of person are you if there’s not a word to define you?
The time is rapidly coming when I’m quitting Facebook for good
‘How the Grinch Stole Christmas’