U.S. creating mostly low-wage jobs
A couple of days ago I wrote an article, “Why pensions are going broke.” It showed how the massive federal and state debts are weighing down the economy, which has not grown in 13 years. Hence, there’s going to be not enough money for the generous government-sector pensions.
Read More →Should Taxpayers be on Board with 3C Train?
Should taxpayers be on board with the 3C train that will connect Cincinnati with Cleveland via Dayton and Columbus?
The train will boast an average speed of 39 mph and take six and one-half hours to run the between the Cincinnati and Cleveland stations. The same trip by car would take four hours and fifteen minutes. [...]
White House Scraps “Saved or Created” Jobs Numbers
Do not expect to hear the term “saved or created job” anymore. The federal government has disposed of the figure that had been used to measure the efficacy of the stimulus.
ABC News’ Jake Tapper has the scoop:
In a little-noticed December 18, 2009 memo from Office of Management and Budget director Peter Orszag the Obama administration is [...]
Read More →Administration: Stimulus Creates Jobs in Non-Existent Congressional Districts
According to the Obama Administration, the expenditure of $61,000 in federal stimulus funds from the American Recovery and Reinvestment Act of 2009 created or saved 25 jobs in New Mexico’s 22nd Congressional District. You read that right: New Mexico’s Twenty-Second Congressional District. (We only have enough population for three congressional districts).
Federal stimulus dollars, according to the [...]
Stimulating Exaggeration in Jobs Numbers Report
Authorities continue to overestimate the number of jobs “created or saved” by the stimulus package, according to an independent review conducted by the the Boston Globe.
While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, [...]
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