"Stimulus" Fuzzy Math of the Day: Jobs Without Spending Money, Money Spent Without Jobs

Posted: Nov 20, 2009 10:25 AM
Guest post from Mattie Duppler with the Center for Fiscal Accountability

A GAO Report released today shows that the "stimulus" is so good at creating jobs, it doesn't even need money to do it. According to the report, over 50,000 jobs have been "saved or created" without a single dollar of "stimulus" funds having been paid for them.

However, the GAO report also shows that over $1 billion was spent without creating a single job. This could be due to the fact that recovery money was doled out to such deserving projects as propaganda signs to advertise “stimulus” projects, checks for dead people and a $100,000 microscope for Harvard, but still doesn't explain how the "jobs" bill spent money without creating jobs, and created jobs without spending any money.

Undaunted, the White House is steadfast in its support of the measure. Yesterday, the President called the massive errors in reporting a “side issue," assuring Americans that job creation was still his primary concern. As such, it's unfortunate the President has suddenly become unconcerned with the reporting of jobs,  since he has repeatedly promised 3-4 million jobs would be impacted  by his spending bill since taking office.

And the Vice-President is as oblivious as ever. It seems that he has not bothered to take a look at the recovery site he has been touting as such a success - on the Daily Show this week he first misstated the amount of imaginary congressional districts appearing on recovery.gov (Mr. Biden reported there were 70 when in fact there are over 700) and then went on to proudly proclaim “you haven’t seen any wasteful spending” under the Obama Administration. An unbelievable statement on its own merits, Mr. Biden went on to claim they had only been in office for seven or eighth months, so it’s evident that whatever world Biden resides in, it’s not the one the rest of us share.