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Thursday, October 29, 2009

Reported Stimulus Jobs Overstated

Remember when the AP was touting the jobs gained (their old link goes to this new article but I wrote about it here) by the "Stimulus" Bill?

Well, guess what? It turns out there was some over counting, as the AP reports here.

From the article:

"The government's first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, or one in six, according to an Associated Press review of a sample of stimulus contracts.

"The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.

"For example:

"-- A company working with the Federal Communications Commission reported that stimulus money paid for 4,231 jobs, when about 1,000 were produced.

"-- A Georgia community college reported creating 280 jobs with recovery money, but none was created from stimulus spending.

"-- A Florida child care center said its stimulus money saved 129 jobs but used the money on raises for existing employees."

Is anybody really surprised about this?

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