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WASHINGTON — A Colorado company said it created 4,231 jobs with the help of President Barack Obama's economic recovery plan. The real number: fewer than 1,000.
A child care center in Florida said it saved 129 jobs with the help of stimulus money. Instead, it gave pay raises to its existing employees.
Elsewhere in the U.S., some jobs credited to the stimulus program were counted two, three, four or even more times.
The government has overstated by thousands the number of jobs it has created or saved with federal contracts under the president's $787 billion recovery program, according to an Associated Press review of data released in the program's first progress report.
The discrepancy raises questions about the reliability of a key benchmark the administration uses to gauge the success of the stimulus.
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I'm not shocked how you post inaccurate information on a daily basis!! Lets look at the snippet of your quote.
Quote:
A Colorado company said it created 4,231 jobs with the help of President Barack Obama's economic recovery plan. The real number: fewer than 1,000.
· FACT: The very first example AP cites was already corrected more than a week ago as part of the twenty-day review process and the change is in the final data posting being prepared for Friday. This item represents over 3,000 – or 60 percent – of the “nearly 5,000 jobs” AP uses to try to make its argument.
· FACT: All recipients were given through October 30th to clarify and confirm their data – including those linked to federal contracts. Any conclusions drawn about the quality of that small portion of data as it was posted two weeks ago are simply premature.
Quote:
The government has overstated by thousands the number of jobs it has created or saved with federal contracts under the president's $787 billion recovery program, according to an Associated Press review of data released in the program's first progress report.
The discrepancy raises questions about the reliability of a key benchmark the administration uses to gauge the success of the stimulus.
“This story draws misleading conclusions from a handful of examples. It looks at only a small portion of the data – an initial upload of data representing just two percent of Recovery Act spending – that was made publicly available before a full review of its accuracy could be done. Virtually all of the errors found by the AP had already been found by our review, and were already corrected in an update to be loaded onto Recovery.gov this week.
Tomorrow, more than 100,000 recipient reports will be posted on Recovery.gov. Unlike the small number of reports reviewed by AP, these reports have been reviewed for weeks, errors have been spotted and corrected, and additional layers of review by state and local governments have further improved the data quality. As a result, whatever problems the early and partial data had, the full data to be posted on Friday will provide the American people with an accurate, detailed look at the early success of the Recovery Act.”
Ed DeSeve, Senior Advisor to the President for Recovery Act Implementation
I'm not shocked how you post inaccurate information on a daily basis!! Lets look at the snippet of your quote.
· FACT: The very first example AP cites was already corrected more than a week ago as part of the twenty-day review process and the change is in the final data posting being prepared for Friday. This item represents over 3,000 – or 60 percent – of the “nearly 5,000 jobs” AP uses to try to make its argument.
· FACT: All recipients were given through October 30th to clarify and confirm their data – including those linked to federal contracts. Any conclusions drawn about the quality of that small portion of data as it was posted two weeks ago are simply premature.
“This story draws misleading conclusions from a handful of examples. It looks at only a small portion of the data – an initial upload of data representing just two percent of Recovery Act spending – that was made publicly available before a full review of its accuracy could be done. Virtually all of the errors found by the AP had already been found by our review, and were already corrected in an update to be loaded onto Recovery.gov this week.
Tomorrow, more than 100,000 recipient reports will be posted on Recovery.gov. Unlike the small number of reports reviewed by AP, these reports have been reviewed for weeks, errors have been spotted and corrected, and additional layers of review by state and local governments have further improved the data quality. As a result, whatever problems the early and partial data had, the full data to be posted on Friday will provide the American people with an accurate, detailed look at the early success of the Recovery Act.”
Ed DeSeve, Senior Advisor to the President for Recovery Act Implementation
What about my post didn't you understand that the full accurate report will be posted tomorrow? I would think a 2nd grader would be able to understand it!
What about my post didn't you understand that the full accurate report will be posted tomorrow? I would think a 2nd grader would be able to understand it!
Interesting note about the Recovery Act, is that it has cost jobs and made the situation worse for some in the infrastructure, engineering, and energy sectors. In Colorado, the company I was working for has shut down as a result of this "stimulus", along with a competing contractor in the area. Meetings with my local ASPRS and GITA members have revealed similar problems for smaller companies which did not already have a strong contract supply, because the Recovery Act delayed contracts as stats and municipalities waited to apply for federal stimulus money rather than spend the money previously allocated for their projects.
For example, our company worked primarily with municipal and state governments on infrastructure and energy projects. When the act passed, we expected business to boom. Instead, all our contracts stalled as these entities applied for federal money to cover the cost of the projects rather than commit their own money. The process is not quick, and the company was not large enough to survive on the pay from completed projects. The already expensive health coverage disappeared, pay was cut, people were let go, and eventually the business shut down two weeks ago when all the available cash was spent. Large companies have fared better, but ours was not the only small private company to succumb to a loss of paying customers as many government entities put projects on hold as they apply for stimulus cash.
I really enjoyed my job, but I also saw the writing on the wall and left the company in May to take a job with my city's engineering and planning department. I don't like it nearly as much, but it's good to have a job when so many of my former co-workers are out of work. Now, I am on the other side and see how this process has stalled the municipality's willingness to spend money if there was even a small chance they could get federal dollars for it.
Subsidies always create artificial demand, which means that it is irresponsible to think a subsidy's affect can be estimated based on normal economic behavior. Cash for Clunkers is a good example of that fallacy. As "successful" as it was for stimulating consumer debt as auto loans, the demand was severely miscalculated due to ignorance on what an artificial demand would do to the market. In a similar fashion, subsidizing infrastructure and energy did not encourage an expansion onto existing contracts in the way congress espoused. Rather, it slowed the business as customers waited to pass on their costs to the federal government. Artificial demand through government dollars created artificial deferment on payment to contractors who would otherwise have already been paid. The end result will eventually be a nice boon for existing companies, but it has killed off some smaller ones in the process.
What about my post didn't you understand that the full accurate report will be posted tomorrow? I would think a 2nd grader would be able to understand it!
From the OP story...
Quote:
The White House seized on an initial report from a government oversight board weeks ago that claimed federal contracts awarded to businesses under the recovery plan already had helped pay for more than 30,000 jobs. The administration said the number was evidence that the stimulus program had exceeded early expectations toward reaching the president's promise of creating or saving 3.5 million jobs by the end of next year.
But the 30,000 figure is overstated by thousands — at the very least by nearly 5,000, or one in six, based on AP's limited review of some of the contracts — because some federal agencies and recipients of the money provided incorrect job counts. The review found some counts were more than 10 times as high as the actual number of jobs; some jobs were credited to stimulus spending when, in fact, none were produced.
The White House says it is aware there are problems. In an interview, Ed DeSeve, an Obama adviser helping to oversee the stimulus program, said agencies have been working with businesses that received the money to correct mistakes. Other errors discovered by the public also will be corrected, he said.
"If there's an error that was made, let's get it fixed," DeSeve said.
They lie, the get caught, they say they will fix it.
What else can they say? Really.
Speaking of mistakes, where is the link for your info Diesel?
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You forget that Obama is god and there is no saying bad about him here. He does no wrong and if you say anything different then you are a liar and against America. There has been nothing that he has done that is wrong. All his ideas and thoughts are in unison in what is perfect for this country. The man has no flaws or bad ideas.
They lie, the get caught, they say they will fix it.
What else can they say? Really.
Speaking of mistakes, where is the link for your info Diesel?
If you go by the inaccurate numbers that you posted by the AP then yes it looks like they are lying. As I posted, the AP only looked at a small portion of data. The full report is being released later today. I know it's hard for you to follow along but please think before you post inaccurate information. You've already proven several times that you try and pass the propaganda you post as fact. I will post the link when I am not so busy.
"WASHINGTON — New data provides the first confirmation that President Barack Obama's economic stimulus plan has so far saved or created more than one million jobs, administration officials said Friday.
The figures show 650,000 jobs were directly saved or created up until September 30. Since the survey data only accounts for half the spending during that time, officials say the true figure of jobs created is over a million."
Actually they claim to have saved or created over a million at this point. Diesel is wrong because the white house has admitted the numbers were off and that will report more accurate numbers in the future (some coming out today). Whether it was a lie or a mistake depends on how you view this administration. Personally I think they'll stretch the truth anytime they can.
It really doesn't matter much anyway because I don't know of anyone who believes that there is a way to count "jobs saved". It's statistically invalid by definition and therefore can be manipulated any way they want.
Interesting note about the Recovery Act, is that it has cost jobs and made the situation worse for some in the infrastructure, engineering, and energy sectors. In Colorado, the company I was working for has shut down as a result of this "stimulus", along with a competing contractor in the area. Meetings with my local ASPRS and GITA members have revealed similar problems for smaller companies which did not already have a strong contract supply, because the Recovery Act delayed contracts as stats and municipalities waited to apply for federal stimulus money rather than spend the money previously allocated for their projects.
For example, our company worked primarily with municipal and state governments on infrastructure and energy projects. When the act passed, we expected business to boom. Instead, all our contracts stalled as these entities applied for federal money to cover the cost of the projects rather than commit their own money. The process is not quick, and the company was not large enough to survive on the pay from completed projects. The already expensive health coverage disappeared, pay was cut, people were let go, and eventually the business shut down two weeks ago when all the available cash was spent. Large companies have fared better, but ours was not the only small private company to succumb to a loss of paying customers as many government entities put projects on hold as they apply for stimulus cash.
I really enjoyed my job, but I also saw the writing on the wall and left the company in May to take a job with my city's engineering and planning department. I don't like it nearly as much, but it's good to have a job when so many of my former co-workers are out of work. Now, I am on the other side and see how this process has stalled the municipality's willingness to spend money if there was even a small chance they could get federal dollars for it.
Subsidies always create artificial demand, which means that it is irresponsible to think a subsidy's affect can be estimated based on normal economic behavior. Cash for Clunkers is a good example of that fallacy. As "successful" as it was for stimulating consumer debt as auto loans, the demand was severely miscalculated due to ignorance on what an artificial demand would do to the market. In a similar fashion, subsidizing infrastructure and energy did not encourage an expansion onto existing contracts in the way congress espoused. Rather, it slowed the business as customers waited to pass on their costs to the federal government. Artificial demand through government dollars created artificial deferment on payment to contractors who would otherwise have already been paid. The end result will eventually be a nice boon for existing companies, but it has killed off some smaller ones in the process.
Will
Be careful ... the Obama nuthuggers will call you a liar and a racist. Or they will downplay it as an isolated incident. They will never admit that the stimulus was a bad idea.
disclaimer: yes I was against Bush's stimulus BS too. Common sense is common sense no matter who is president.
An old rancher is talking about politics with a young man from the city. He compares a politician to a "post turtle". The young man doesn't understand and asks him what a post turtle is.
The old man says, "When you're driving down a country road and you see a fence post with a turtle balanced on top, that's a post turtle. You know he didn't get up there by himself. He doesn't belong there; he can't get anything done while he's up there; and you just want to help the poor, dumb thing down."
The post-turtle is further explained: He did not get there by himself. He cannot get down. And he can only see in the direction he has been turned.
An old rancher is talking about politics with a young man from the city. He compares a politician to a "post turtle". The young man doesn't understand and asks him what a post turtle is.
The old man says, "When you're driving down a country road and you see a fence post with a turtle balanced on top, that's a post turtle. You know he didn't get up there by himself. He doesn't belong there; he can't get anything done while he's up there; and you just want to help the poor, dumb thing down."
The post-turtle is further explained: He did not get there by himself. He cannot get down. And he can only see in the direction he has been turned.
This is why the WH wants total control over media and tries to downplay any other media outlet not in line with the overall sentiment The president tries to project. This along with other stories put out by the WH tries to raise consumer confidence (not a bad thing)which is at a all time low. Consumer confidence is a essential part of the economy like Wall St. but real life numbers and realistic projections can't be manipulated when data is pubicly available. If the WH keeps on keeping on that may soon change and that's even scarier than the situation we see now.
Stimulus jobs overstated by thousands
