How Stimulus Funds 'Create' Jobs

Current events at work | 07/09/09 | JOAT

[JOAT]

This anecdotal and no, I won't disclose the company involved for reasons you should be able to divine. I work for a fortune 500 defense contractor. In the last few weeks, some of our larger programs have been informed that our funding will be 'de-obligated' and replaced with stimulus funds. Today I was informed that I must account for all dollars in play and come up with a plan to convert everything over to stimu-dollars.

The company management has been informed that we will be required to go to the Federal Register and report that all the people currently working on these programs (5-10 years running) will now be classified as 'new' jobs 'created' by stimulus funding...or else.

'Or else what?' you may ask. Or else no new government contracts, plus the current ones may be stopped, that's what.

Considering this would mean thousands of people instantly unemployed, and management bonus and salaries evaporating, I think you can guess the answer our management gave to these Chicago-style thugs.

Please understand that these programs were already fully funded by various agencies for many more years. The government is taking that funding away, switching it out with freshly minted stimu-dollars and falsely claiming that new jobs were created.

Okay fine. Cook the books and lie about how many jobs the stimulus created, but this begs the question - where did the 'de-obligated' money go? You know, the original millions of dollars we already had won and were under contract for?

Inquiring minds want to know.

[blue state conservative]

Hopefully people are smart enough to judge the stimulus by the unemployment rate. If that's the case then no one will believe Obama when he claims huge job growth through this kind of shenanigans, except the MSM.

[djsherin]

Even if the stimulus “created jobs”, they would be jobs provided for by the public sector, meaning they would add nothing to our productive economy and would not increase our standard of living (relative to the funds having been used by the private sector). In other words the jobs created from the “stimulus” package drain resources and hurt overall economic progress.

[YankeeReb]

I was told the same thing by one of the construction. All projects are on hold because nobody knows how much if any stimulus money they're getting. Project managers don't know what to do so they're sitting on their funds until things become clear. So all these trial balloons coming out of this administration is just spooking the market, keeping unemployment higher than it needs to be,

How's that HOPE and CHANGE thingy working out?

[The Magical Mischief Tour]

Well I declare, I’m shocked I tell ya, just shocked...

[stylin19a]

bookmarkin this one...thanks

[GiovannaNicoletta]

bookmark

[SueRae]

ping for later. Sneaky bat-turds

[stylin19a]

are you going to do anything with this info ?
it really should be out there...maybe a Jack Tapper type might run with it.

[JOAT]

are you going to do anything with this info ? it really should be out there...maybe a Jack Tapper type might run with it.

It is 'out there' by virtue of me posting it, and it is very widespread and easily verifiable to any investigative journalist.

It is much wider than simply my company or industry.

Feel free to tag Mr Tapper or anyone else you may wish to alert.

[stylin19a]

ping to top

[OneLoyalAmerican]

Looting of the US Treasury, bookmark.