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Stimulus saved or created up to 2 million jobs in 2009, White House says
LA Times ^ | January 13, 2010 | Don Lee and Jim Tankersley

Posted on 01/13/2010 2:56:46 AM PST by Panzerlied

Reporting from Washington - The Obama administration, offering evidence that its much-maligned efforts to spur economic recovery have begun to take hold, said Tuesday that the $787-billion stimulus program saved or created 1.5 million to 2 million jobs last year.

These latest figures from the White House Council of Economic Advisors are certain to be challenged by Republicans, but the employment and economic effects of the stimulus cited in the report are generally in line with estimates from some leading private economists as well as the nonpartisan Congressional Budget Office.

"This is truly a stunning effect" of the Recovery Act, Christina Romer, chairwoman of the council, said in a conference call with reporters.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
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To: DoorGunner

http://www.msnbc.msn.com/id/34830451/ns/business-stocks_and_economy/

“White House changes stimulus job accounting
New method will make it impossible to track ones saved or created.

updated 5:35 p.m. ET, Tues., Jan. 12, 2010

WASHINGTON - The White House has abandoned its controversial method of counting jobs under President Barack Obama’s economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.

Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It’s no longer about counting a job as saved or created; now it’s a matter of counting jobs funded by the stimulus.

That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.

...”


21 posted on 01/13/2010 4:36:14 AM PST by ltc8k6
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To: gusopol3

“Thanks for doing the math. Where do I sign up for one of those jobs?”

ACORN


22 posted on 01/13/2010 4:40:17 AM PST by maggief
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To: Panzerlied

They just can’t help being offensive...you knew those were only jobs for “Bammy’s folk...them that adulate and donate...


23 posted on 01/13/2010 4:42:38 AM PST by mo
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To: Panzerlied

LIE!

The number is for people employed not new jobs. we got an interstate segment repaved. It would have been done without the stimulus however.

24 posted on 01/13/2010 4:44:04 AM PST by bert (K.E. N.P. +12 . What ever I do is what shall be)
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To: Panzerlied

I see the Obama administration is resorting to the Joseph Goebbels school of propaganda.


25 posted on 01/13/2010 5:52:27 AM PST by 6SJ7 (atlasShruggedInd = TRUE)
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To: Panzerlied

The only jobs zero’s spending has saved is the people running the printing presses printing more $$$$$$ bills.

I don’t buy the jobs saved shiite at all. All the new yobs are in the federal gov.


26 posted on 01/13/2010 5:53:49 AM PST by Arrowhead1952 (New Year's Resolution: Never, ever, ever again vote for anyone with a (d) after their name.)
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To: Panzerlied
Stimulus saved or created up to 2 million jobs in 2009, White House says

Oh hell, why not 3 million, or even 10 million when you're just making it up anyway? Why limit yourself to such a small number?

Probably they're going with 2 million because they think it might be more believable, than say, 10 million.

One does wonder though, since they keep making up different "jobs created/saved" numbers from month to month, if it's starting to give the average American sheeple the idea that they might just be lying. And if they're lying about this, what else are they lying about?

27 posted on 01/13/2010 6:07:52 AM PST by catnipman (Cat Nipman: Made from The Right Stuff)
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To: catnipman

And if they’re lying about this, what else are they lying about?


Everything?


28 posted on 01/13/2010 6:10:15 AM PST by PeterPrinciple ( Seeking the truth here folks.)
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