The White House has overemphasized by thousands the number of jobs it has created or saved with federal contracts under the president’s $787-billion recovery program.
A Colorado company said it created 4,231 jobs with the help of President Obama’s economic recovery plan. The real number: fewer than 1,000.
A child-care center in Florida said it saved 129 jobs with the help of stimulus money. Instead, it gave pay raises to its existing employees.
Elsewhere in the U.S., some jobs credited to the stimulus program were counted two, three, four or even more times.
The government has overstated by thousands the number of jobs it has created or saved with federal contracts under the president’s $787-billion recovery program, according to an Associated Press review of data released in the program’s first progress report.
Needless to say government subsidies and corruption go hand in hand. I would highly recommend reading Thomas J. DiLorenzo’s “How Capitalism Saved America“.
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