Bottom line: “No matter how hard or imaginatively the Administration spins, the reality is that the stimulus has been the economic bust that critics predicted it would be.”
And, “they” want another $1 trillion to whack the healthcare system.
Somebody tell these guys that respect and credibility are earned …
* * * * *
Excerpted from WSJ: The Phantom Jobs Stimulus, Nov. 19, 2009
How many Americans does it take to make nine pairs of work boots?
According to the White House’s recovery.gov site, an $890 shoe order for the Army Corps of Engineers, courtesy of the stimulus package, created nine new jobs at Moore’s Shoes & Services in Campbellsville, Kentucky.
The job-for-a-boot plan may not be American productivity at its best.
But such stories go a ways toward explaining how the Administration has come up with 640,329 jobs “created/saved” by the American Recovery Act as of October 30.
- Head Start in Augusta, Georgia claimed 317 jobs were created by a $790,000 grant. In reality, the money went toward a one-off pay hike for 317 employees.
- One Alabama housing authority claimed that a $540,071 grant would create 7,280 jobs … only 14 were created.
- In some cases, Recovery Act funds went to nonexistent Congressional districts, such as the 26th in Louisiana or the 12th in Virginia.
- Up to $6.4 billion went to imaginary places in America.
When asked about the overstatements, Ed Pound, the director of communications for the Obama Administration’s recovery.gov, said, “Who knows, man, who really knows.”
That’s a confidence builder, isn’t it?
Full article:
http://online.wsj.com/article/SB10001424052748704204304574544063776158046.html?mod=djemEditorialPage
The Homa Files 
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