One-Week Jobs: Not Very Stimulating
Kurt Brouwer July 29th, 2009
Don Surber reports on one of the economic stimulus program’s apparent ‘job creation’ successes, the one-week job:
…In Oregon, Democrats are touting 3,256 jobs that its $176 million stimulus already created.
AP checked. Those jobs last about a week.
That is $53,746.93 each for jobs that last a week.
…AP reported: “At the federal level, President Barack Obama has said the federal stimulus has created 150,000 jobs, a number based on a misused formula and which is so murky it can’t be verified.”
I’m sure the stimulus spending covered more than these jobs that only lasted 35 hours, but this sort of fact fudging does not help government’s credibility, which has taken quite a few hits lately.
See also:
Banks Use Bailout Bucks to Lobby Congress
60% Say No More Stimulus Please
Government Mail: U.S. Post Office Is Broke
- Business , Economy , Geopolitics , debt , deficit
- Comments(2)
Did you enjoy this article?
[…] Brouwer at FundmasteryBlog.com makes a good point: I’m sure the stimulus spending covered more than these jobs that only lasted 35 hours, but this […]
[…] Brouwer at FundmasteryBlog.com makes a good point: I’m sure the stimulus spending covered more than these jobs that only lasted 35 hours, but this […]