Posted on 10/30/2009 7:06:21 AM PDT by 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.
(Excerpt) Read more at google.com ...
Do you SMELL what BARACK is cooking??
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.
“saved or created”
That’s pretty detailed proof they’re putting out there, huh?
Joe Wilson was right.
isn’t this like a million dollars per job? or am I missing a decimal point here?
It is all total crap.
AP (cough) Bullsh@t (cough). Thats better :)
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.
thanks- Hannity talked about this yesterday- the AP article needs to be faxed/e-mailed everywhere....
$150,000,000,000/650,000 = $230,769 per job.
Not bad!
saved my ass.
All UNION jobs.
their street cred on this lie is not working.
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.
$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.
Color me cynical.
vaudine
LOL!!!
Well, it is Oct. 30th so I suspect it may be
Remember when 0 told the Catapillar employees their jobs would be returning? Well, they came back - Oh wait, the factory shut down.
Never mind.
Another White House P.R. fax ripped straight out the machine and dutifully published without skepticism by the AP.
Being it has been proven that the WH has blatantly manipulated job creation/saved numbers before, I call serious BS on these ‘new’ numbers....serious BS.
Voodoo doodoo economics.
Mr. Gibbs: I'm sorry but that is classified information.
Reporter: The President pulled it out of Rahm's arse, didn't he?
Mr. Gibbs: Next question.
Well since tomorrow is halloween, I was thinking witches brew.
Obama’s “Create or Save” Jobs Farce
Do the Obama numbers have any basis in reality? Barely. Again from the AP:
Most of the numbers being tossed around, including the 900 figure Obama cited, come from a transportation formula estimating the number of jobs “supported” by government spending. It doesn’t count new or saved jobs, and the Transportation Department has cautioned against applying the formula to the stimulus.
But even those DOT numbers are highly suspect. Heritage analyst Ron Utt explains:
As this paper demonstrates, most of the alleged economic benefits are based on grossly exaggerated claims made by a U.S. Department of Transportation (USDOT) computer simulation conducted in 2000 and 2002. In fact, the vast majority of independent academic and federal government studies on the relationship between infrastructure spending and economic activity have found that the impact is very modest and long in coming.
JUNE 10, 2009
The Media Fall for Phony ‘Jobs’ Claims The Obama Numbers Are Pure Fiction.
Mr. Fratto in the Bush administration
Mr. Fratto sees a double standard at play. “We would never have used a formula like ‘save or create,’” he tells me. “To begin with, the number is pure fiction — the administration has no way to measure how many jobs are actually being ‘saved.’ And if we had tried to use something this flimsy, the press would never have let us get away with it.”
Of course, the inability to measure Mr. Obama’s jobs formula is part of its attraction. Never mind that no one — not the Labor Department, not the Treasury, not the Bureau of Labor Statistics — actually measures “jobs saved.” As the New York Times delicately reports, Mr. Obama’s jobs claims are “based on macroeconomic estimates, not an actual counting of jobs.” Nice work if you can get away with it.
And get away with it he has. However dubious it may be as an economic measure, as a political formula “save or create” allows the president to invoke numbers that convey an illusion of precision. Harvard economist and former Bush economic adviser Greg Mankiw calls it a “non-measurable metric.” And on his blog, he acknowledges the political attraction.
And they sent poor ‘ole Biden out there to bring this news to the world. LOL. What a joke.
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