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.

These aren’t revolutionaries; they’re nothing but thugs and looters
Lack of ability to think plays a role in public acceptance of higher taxes
Assassin or patsy? How can you trust any of the players in this case?
OK, morons, we’ll finally admit it: We really are smarter than you
Shame of not being perfect comes with every new thing I try to do
Living a sane and healthy life is now radical by world’s standards
I was in love with her voice and didn’t want that call to ever end
How do we intuitively see truth through the fog of perception?