Precisely Inaccurate

The White House is reporting that the so-called "stimulus" bill has "created or saved" 640,329 jobs.  That's a pretty precise number, except, as ABC News reports, "[o]fficials acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes."  First of all, if the Obama Administration is aware that the number is not accurate, why post such a precise number?

But it's even more insulting when you look further into the numbers.  According to the same website, approximately $207.1 billion of the "stimulus" has been spent.  The ostensible purpose of the "stimulus" spending was to "save or create" jobs.  Even taking the Administration's own numbers at face value, that means that the government has spent over $320,000 per job that has been "saved or created".  That's even worse than the numbers ABC News reported when a top Obama economic adviser accused them of "calculator abuse" for claiming the government was paying $160,000 per job (the difference in their calculation and mine seems to be the amount of "stimulus" money actually spent; they report "$159 billion in stimulus funds allocated as of Sept. 30", while my calculation is based on the official White House reporting as of October 31).

Only government could assert that a simple calculation of unit cost is "calculator abuse".  Apparently simple mathematics and honesty are too much to ask of our elected officials and what they do with our money.

 

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