White House: 650,000 jobs in new stimulus report

Associated Press ^ | 10/30/2009 | MATT APUZZO and BRETT J. BLACKLEDGE

[SeekAndFind]

WASHINGTON — More than 650,000 jobs have been saved or created under President Barack Obama's economic stimulus plan, the White House said Friday, saying it is on track to reach the president's goal of 3.5 million jobs by the end of next year.

New job numbers from businesses, contractors, state and local governments, nonprofit groups and universities were not scheduled to be released publicly until Friday afternoon. But White House economic adviser Jared Bernstein says officials have been told the figures. When adding in jobs linked to $288 billion in tax cuts, Bernstein says the stimulus plan has created or saved more than 1 million jobs.

The data will be posted on recovery.gov, the web site of the independent panel overseeing stimulus spending.

"It's a great example of the unprecedented transparency, where the American taxpayer can point and click and see their taxes creating jobs," Bernstein said.

Government recovery plans — everything from the $787 billion stimulus to tax credits for buying new homes to government deals on new cars — are credited with helping the economy grow again after a record four straight losing quarters.

But the job market has yet to show signs of recovery, putting pressure on the White House to show that the stimulus was worth its hefty price tag.

When it is released Friday, the new data will be the largest and most complete look at how the stimulus has been spent so far. The White House promised the data would be far more reliable than the first batch of numbers on federal contracts, which the administration initially embraced, then branded a "test run" after thousands of errors were discovered.

[Buckeye McFrog]

Do you SMELL what BARACK is cooking??

[SeekAndFind]

See also here

TITLE:

Stimulus creates 650,000 jobs : White House releases first broad look at stimulus-funded employment, focusing on $150 billion in spending.

[RexBeach]

This is like answering how many angels can dance on the head of a pin?

There is simply no way to prove this. They made the assertion, so the burden of proof is theirs.

Geesh.

[jessduntno]

“saved or created”

That’s pretty detailed proof they’re putting out there, huh?

[manic4organic]

Joe Wilson was right.

[jessduntno]

[camle]

isn’t this like a million dollars per job? or am I missing a decimal point here?

[SeekAndFind]

This article explains the jobs figures better.

Deep Flaws In Stimulus Package Report: The Tale Of 30,000 Missing Jobs

The $787 billion economic stimulus package is meant to save or create 3.5 million jobs. That goal may be much less important than it was when the package was first approved by Congress. Unemployment will go over 10% later this year and could average that though 2010. The stimulus package cannot come even close to plugging that hole.

The Administration is fond of putting out reports and making statements about how well the $787 billion investment is working. It is now clear that some of that was based on false data.

The AP did an exclusive study of documents related to stimulus job creation and found that the Adminstration’s count is shy by at least 30,000 workers. The research found that “some jobs credited to the stimulus program were counted two and sometimes more than four times.”

The news is likely to blow a hole in the government’s credibility and to raise, once again, the wisdom of a huge federal program meant to “create” jobs. There are other reports about stimulus employment gains coming to the administration in the next several weeks. The head count from those could also be inflated, which may push the miscounting of added jobs closer to 100,000.

The White House is back in Congress asking for more stimulus cash. Some of it is in the form of a $250 payment to 52 million older Americans and people with disabilities. Another seeks to extend the first time home buyer credit. Each of these has a price tag well into the billions of dollars.

A 30,000 job count mistake is big enough to cause an outcry among stimulus spending opponents just as efforts to expand the programs becomes a more essential part of the White House plans to keep the economy from a second dip into recession.

Douglas A. McIntyre

[Shady]

It is all total crap.

[Bitsy]

Why not say they saved all the jobs in the United States. They need to explain what jobs were saved. That's a ridiculous statement as far as I'm concerned. Or, maybe I am just confused but I don't get it.

[MotorCityBuck]

AP (cough) Bullsh@t (cough). Thats better :)

[hsmomx3]

Africanized RAT meat. This is a bunch of bunk! Ask those of us looking for work. There is no huge job creation taking place anywhere.

[God luvs America]

thanks- Hannity talked about this yesterday- the AP article needs to be faxed/e-mailed everywhere....

[harpu]

Hmmmm...

$150,000,000,000/650,000 = $230,769 per job.

Not bad!

[GoCards]

saved my ass.

[RushIsMyTeddyBear]

All UNION jobs.

[scooby321]

their street cred on this lie is not working.

[LeonardFMason]

I want the names of just 65 of 650,000 and positons they have been hired to and proof they were the result of the stimulus.

[SeekAndFind]

$150,000,000,000/$60,000 = 2,500,000

If he had DIRECTLY given each jobless person $60,000 ( Greater than the national per capita income average), 2.5 Million people would have enough to live on for over a year (WITHOUT WORKING).

Someone ought to tell Obama (the redistributionist) that this is one way to win votes.