Quote:I've always believed that President Obama will take credit for saving 2 million jobs as long as there are 2 million jobs left in the United States. But his jobs report apparently goes beyong this, the Associated Press reports, taking credit for saving jobs that really don't exist.
WASHINGTON — President Barack Obama's economic recovery program saved 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan. Trouble is, only 508 people work there.
The Georgia nonprofit's inflated job count is among persisting errors in the government's latest effort to measure the effect of the $787 billion stimulus plan despite White House promises last week that the new data would undergo an "extensive review" to root out errors discovered in an earlier report.
The over-estimates of jobs "created and saved" are actually far more extensive than that -- in one small segment of the Department of Health and Human Services, AP found that the count of "jobs saved" was inflated by more than 50 percent, or about 9,000.
But the biggest problem with Obama's numbers is conceptual. Let's say that government spends $100 million on orange traffic cones, causing their manufacturers to hire 500 new people. If that $100 million hadn't been borrowed from investors and banks that buy up treasuries, could it not have gone toward a new start-up business that develops drugs or the next i-Phone? Could it not have put several credit-worthy borrowers into new homes?
Obama's job numbers, even if they are scrubbed of their many obvious inaccuracies, can never account for these hidden costs of government deficit spending.
http://www.washingtonexaminer.com/opinio...82477.html
Hope, change, and defying the laws of mathematics.
They also counted people that got raises due to stimulus money as "jobs saved." also if you do the math it's comes out to about $250k per job "saved."
I don't know about private industry, but in Alabama the "stimulus money" has kept the 133 public school districts from having to lay off over 3,000 employees this year. In two years, when that money is no longer available as things stand now, the ax may yet fall if the tax revenue from the economically sensitive sales and income taxes continues to lag. Alabama is a truly "welfare state" in that there is not a major state governmental function which could survive intact if not for Federal funding supplementing state expenditures. Of course Alabamians love to bite the hand that feeds them.
(11-08-2009 09:51 PM)BAMANBLAZERFAN Wrote: [ -> ]Alabama is a truly "welfare state" in that there is not a major state governmental function which could survive intact if not for Federal funding supplementing state expenditures. Of course Alabamians love to bite the hand that feeds them.
This country is a welfare state because of people like you.
Alabamians love to bite the hand that feeds them???? EXCUSE ME. It is our tax paying money that you are talking about that the government spends.
This country would be a helluva lot better if the Federal Government was more focused on individual liberty and responsibility rather than the Government controlling us. You should go live in a communist society like China. Government controls everything and everyone. You would feel at home there....
(11-10-2009 02:36 PM)RBB Wrote: [ -> ] (11-08-2009 09:51 PM)BAMANBLAZERFAN Wrote: [ -> ]Alabama is a truly "welfare state" in that there is not a major state governmental function which could survive intact if not for Federal funding supplementing state expenditures. Of course Alabamians love to bite the hand that feeds them.
Alabamians love to bite the hand that feeds them???? EXCUSE ME. It is our tax paying money that you are talking about that the government spends.
Apparently you missed the revelations about alabama getting about $1 for every 15 to 20 cents we send in to Washington. I found it pitifully ironic that the TEA protesters came to the state that pays among the least taxes of people in states of the USA and indeed, of the industrialized world.
(11-12-2009 06:00 PM)BAMANBLAZERFAN Wrote: [ -> ] (11-10-2009 02:36 PM)RBB Wrote: [ -> ] (11-08-2009 09:51 PM)BAMANBLAZERFAN Wrote: [ -> ]Alabama is a truly "welfare state" in that there is not a major state governmental function which could survive intact if not for Federal funding supplementing state expenditures. Of course Alabamians love to bite the hand that feeds them.
Alabamians love to bite the hand that feeds them???? EXCUSE ME. It is our tax paying money that you are talking about that the government spends.
Apparently you missed the revelations about alabama getting about $1 for every 15 to 20 cents we send in to Washington. I found it pitifully ironic that the TEA protesters came to the state that pays among the least taxes of people in states of the USA and indeed, of the industrialized world.
I've got a quote I'm going to post for you- I don't have it with me today though. It is from Ronald Reagan's first interview on Firing Line with William Buckley right after he was elected Gov. in California. It deals with this notion you have about states living off of the federal government, biting the hand that feeds, and federalism in general. I would try to summarize it, but there is no way I could do it justice.
(11-12-2009 06:00 PM)BAMANBLAZERFAN Wrote: [ -> ] (11-10-2009 02:36 PM)RBB Wrote: [ -> ] (11-08-2009 09:51 PM)BAMANBLAZERFAN Wrote: [ -> ]Alabama is a truly "welfare state" in that there is not a major state governmental function which could survive intact if not for Federal funding supplementing state expenditures. Of course Alabamians love to bite the hand that feeds them.
Alabamians love to bite the hand that feeds them???? EXCUSE ME. It is our tax paying money that you are talking about that the government spends.
Apparently you missed the revelations about alabama getting about $1 for every 15 to 20 cents we send in to Washington. I found it pitifully ironic that the TEA protesters came to the state that pays among the least taxes of people in states of the USA and indeed, of the industrialized world.
Check out this map and see where the "welfare states" are.
http://bailout.propublica.org/main/map/index