« Two Tests President Obama Must Not Fail | Main | End of Recession (Beginning of Recovery) Called »

Puffery

This just in--not only is the federal government no good at "creating or saving" jobs with tax dollars, but they're also no good at counting the scant few jobs that actually were (maybe) created with those dollars.

From the AP today (emphasis mine):

An early progress report on President Barack Obama's economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.

The government's first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.

The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.

[clip]

There's no evidence the White House sought to inflate job numbers in the report.

Of course there's no evidence that the White House itself purposefully inflated the numbers. None that the AP sees, anyway. But absence of evidence is not itself evidence of absence, right? And besides, what interest would the White House possibly have in fudging numbers like this? I mean, really. Get your mind out of the gutter.

And through it all, remember that these folks in Washington, who had the audacity to purport to be able to quantify a "saved job" to begin with, are the same people now clamoring to take over every aspect of your lives.

They can do it better than you.

Didn't you know that?


TrackBack

TrackBack URL for this entry:
/cgi-bin/mt-tb.cgi/37179.

Comments (7)

From the AP (emphasis mine)... (Below threshold)
Victory is Ours:

From the AP (emphasis mine):

Economy grows in 3Q, signals end of recession

The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It was the strongest signal yet the economy entered a new phase of recovery and that the worst recession since the 1930s has ended.

From MarketWatch (emphasis mine):

The U.S. economy expanded at a 3.5% annual pace in the third quarter, as massive government stimulus helped drag the economy out of the longest and deepest recession since the 1930s, the Commerce Department estimated Thursday.

The bad news isn't over. Unemployment is expected to increase before it decreases, but the GDP figures signal the recession is over and we're in a recovery.

Gawd, you righties must be so pissed about that.

Vic


No I would be ecstatic if i... (Below threshold)
JustRuss IT1(SW) USN [retired]:

No I would be ecstatic if it were true. But numbers CAN lie and I will remain a skeptic for now. I have often said I pray to be wrong, in this case I hope my prayers are being answered.

I would also point out that IF the economy is recovering it is in SPITE of the government and not BECAUSE of it. The more they begin to meddle the faster you will see this become a double-dip recession like ones before it.

Give us the rest of your mu... (Below threshold)
Oyster:

Give us the rest of your much vaunted AP article, Vic:

"The jump largely reflected car purchases spurred by the government's Cash for Clunkers program that offered a rebate of up to $4,500 to buy new cars and trade in old gas guzzlers."

....

"A top concern is whether the recovery can continue after government supports are gone."

Aside from the cash-for-clunkers program, you have to consider the tax credit for first time home buyers, which is set to expire.

"Many economists predict economic activity won't grow as much in the months ahead as the bracing impact of Obama's $787 billion package of increased government spending and tax cuts fades."

While you're giddy with excitement at the opportunity to snipe and sneer, cutting and pasting what you want and not linking for others to read the rest, most of us are very cautious (but at the same time, hopeful) that this isn't just a quick spike in growth which will cede way to another dip.

Don't break out the balloons just yet.

Karl Denninger dissects the... (Below threshold)

Karl Denninger dissects the GDP numbers here. Good read.

As to the White House's error in jobs numbers, I refer you to Hanlon's Razor:

Never attribute to malice that which can be adequately explained by stupidity.
...or incompetence.

Note that I feel Hanlon's Razor applies quite fittingly to both this administration and the last, lest ye increasingly-soft-skinned libbies think I'm taking potshots at The One.

Who runs the Commerce Depar... (Below threshold)
Ed Schuster:

Who runs the Commerce Departmnt??? Another LIAR.

OBAMAS STYMULUS IS NATIONAL... (Below threshold)
Flu-Bird:

OBAMAS STYMULUS IS NATIONAL SABATAGE

AP can kiss off getting a C... (Below threshold)
GarandFan:

AP can kiss off getting a Christmas Card from Barry. I'm sure the White House Comm Center will soon declare that the AP "is not a valid news source".




Advertisements









rightads.gif

beltwaybloggers.gif

insiderslogo.jpg

mba_blue.gif

Follow Wizbang

Follow Wizbang on FacebookFollow Wizbang on TwitterSubscribe to Wizbang feedWizbang Mobile

Contact

Send e-mail tips to us:

tips@wizbangblog.com

Fresh Links

Credits

Section Editor: Maggie Whitton

Editors: Jay Tea, Lorie Byrd, Kim Priestap, DJ Drummond, Michael Laprarie, Baron Von Ottomatic, Shawn Mallow, Rick, Dan Karipides, Michael Avitablile, Charlie Quidnunc, Steve Schippert

Emeritus: Paul, Mary Katherine Ham, Jim Addison, Alexander K. McClure, Cassy Fiano, Bill Jempty, John Stansbury, Rob Port

In Memorium: HughS

All original content copyright © 2003-2010 by Wizbang®, LLC. All rights reserved. Wizbang® is a registered service mark.

Powered by Movable Type Pro 4.361

Hosting by ServInt

Ratings on this site are powered by the Ajax Ratings Pro plugin for Movable Type.

Search on this site is powered by the FastSearch plugin for Movable Type.

Blogrolls on this site are powered by the MT-Blogroll.

Temporary site design is based on Cutline and Cutline for MT. Graphics by Apothegm Designs.

Author Login



Terms Of Service

DCMA Compliance Notice

Privacy Policy