The Associated Press reports that — shock — the number of jobs “saved or created” by the so-called stimulus bill have been way, way, way over-reported.
A Colorado company said it created 4,231 jobs with the help of President Barack Obama’s economic recovery plan. The real number: fewer than 1,000.
A child care center in Florida said it saved 129 jobs with the help of stimulus money. Instead, it gave pay raises to its existing employees.
Elsewhere in the U.S., some jobs credited to the stimulus program were counted two, three, four or even more times.
We shouldn’t be surprised. Nor should we be surprised that the philosophy behind the current administration’s economic policy is fundamentally flawed. JLF’s Roy Cordato explains why in this interview.
