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Why the Obama Administration’s Phony ‘Stimulus’ Statistics Matter
Small Businesses, Municipalities, and Editorial Boards Speak Out as Public Loses Confidence in Washington Democrats’ Job-Killing Agenda, Massive Debt
Washington, Nov 4 -
Nine jobs “saved or created” for $900? That is a feat one shoe store owner in Campbellsville, KY initially reported accomplishing as part of the federal government’s “double and even triple-checked” trillion-dollar ‘stimulus’ data. Turns out he made nine pairs of boots for members of the Army Corps of Engineers. What about those “couple of hundreds” of jobs ‘saved’ in Columbus City Schools? The district now says many of those jobs “wouldn’t have been lost in the first place, and others might not have been lost at all.” Anecdotes like these are quickly becoming legion as the American people get a closer look at how – and why – the trillion-dollar ‘stimulus’ isn’t working even as it piles up more debt on our kids and grandkids. According to an analysis in today’s Wall Street Journal, “the number of jobs the Obama administration credits to federal stimulus money could be overstated by at least 20,000 of the 640,000 claimed.” These phony statistics have exposed President Obama’s signature domestic spending initiative on at least three fronts: The Detroit News says in an editorial, “The Obama administration is attempting to spin the tepid job creation sparked by the $787 billion federal stimulus program into an economic success. But the numbers don’t add up to a good return for taxpayers. … Policy should be based on real numbers, not propaganda.” That’s why Republicans have proposed better solutions to help small businesses create jobs and get the economy moving again. The Appleton (WI) Post-Crescent says, “one of the problems with the federal stimulus spending is that it’s hard to figure out just what, if anything, is getting stimulated.” Republicans are at the forefront of an unprecedented effort to bring much-needed sunlight and transparency to the process by which bills become laws. “Take these claims with a grain of salt,” the Corvallis (OR) Gazette-Times said in its Sunday editorial, “and with an eye on a relatively straightforward statistic, the unemployment rates for both Oregon and the United States.” The latest unemployment figures will be released at the end of this week.