Friday, October 30, 2009

Obama's Economic Stimulus Sham

This is a jobless recovery, so the White House/Media Industrial Complex obviously has incentive to invent good news. (CNN's on the case, "Stimulus Creates 640,000 Jobs", via.) Obama/Biden economic advisor Jared Bernstein has a report, "New Report Shows Recovery Act Creating Jobs Throughout the Nation."

But recall yesterday's piece at Breitbart, "
Stimulus Jobs Overstated by Thousands."

The government has overstated by thousands the number of jobs it has created or saved with federal contracts under the president's $787 billion recovery program, according to an Associated Press review of data released in the program's first progress report.

The discrepancy raises questions about the reliability of a key benchmark the administration uses to gauge the success of the stimulus. The errors could be magnified Friday when a much larger round of reports is released. It is expected to show hundreds of thousands of jobs repairing public housing, building schools, repaving highways and keeping teachers on local payrolls.
See also, Michelle Malkin, "The Stimulus Jobs Inflation Index."