I found this article in yesterday’s Washington Post – http://www.washingtonpost.com/wp-dyn/content/article/2009/11/18/AR2009111803665.html
The article raises questions about the job creation numbers being bantered about by the O-baaaaah-ma administration resulting from the economic stimulus program. Essentially, the GAO raises questions about the validity of the information because the administration can’t figure out what to count – big surprise.
Some of my favorite revelations from the article:
- complicating efforts, state and local governments have used much of the money to pay for temporary, part-time or seasonal work, making it unclear when and how such jobs should be reported.
- The Government Accountability Office found that almost 4,000 designated recipients who have not yet received stimulus funding reported creating or saving more than 58,000 jobs.
and my favorite
- Another 9,200 recipients reported no job creation, despite receiving a total of $965 million. The findings demonstrate the difficulty of counting jobs created by the stimulus. Other recipients that already spent money are reporting zero jobs created or saved.
Wow – maybe I should have applied for these dollars. I could have gotten $100,000, on average, and done nothing to promote job growth.