Posted on 11/05/2009 5:18:00 AM PST by Obadiah
A stimulus job report that says more than 10,000 jobs were saved or created in Wisconsin is rife with errors, double counting and inflated numbers based more on satisfying federal formulas than creating real jobs, a Journal Sentinel review has found.
In one case, five jobs were mistakenly listed as 50 - and then counted twice. In another, pay raises to workers were listed as saving more than 100 jobs. And in another, jobs were listed as saved even though the money had not been received and no work on the project had begun.
The problems mirror those surfacing around the country, as the federal numbers claiming 640,000 jobs created or saved by stimulus money are being scrutinized.
(Excerpt) Read more at jsonline.com ...
Most of us knew that the commissars in the Obama administration are going to lie and fabricate statistics to make the economy looks much better than it is in reality. One of the biggest lies is the markets super bubble created by the super Limousine Liberals and Obama friends who control Wall Street.
Figures don’t lie, but politicians do...or is that liars figure?
Unemployment is up....Don’t tell us things are better...We’re not stupid.
It’s good to see journalists actually doing their job. These Porkulus jobs numbers are complete bologna and anyone with half a brain knows it.
They got one shot at doing this right and they blew it. Next time they come out with these fabrications, they’ll be openly laughed at. Fool me once...
Interesting, considering that I-43 doesn't even go through any part of Kenosha County!
The list, ping
Look at this distortion
http://www.economicpolicyjournal.com/2009/11/88960-saves-nine-jobs-in-obamanomics.html
http://market-ticker.org/archives/1582-Watch-The-Distortions-UIC-Data.html
Great Find BUMP!
The bottom line:
•Unemployment continues to get worse, not better. The “official” numbers used for the headline don’t count you once you “roll off” the original unemployment program -”extended benefits” and those who have rolled off even the extended programs are not counted as “continuing claims.”
•More people were fired the last week of October this year than were fired the last week of October last year, and last year was directly in the blast zone from Lehman and AIG.
Great stuff FromLori.
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