SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenneth E. Phillipps who wrote (74894)11/8/2009 10:37:58 AM
From: tonto2 Recommendations  Read Replies (1) of 224749
 
Is the administration doing a Kenneth and flat out lying to us or
do they not have a clue what really is going on?

From: Tim Fowler 11/5/2009 5:45:20 PM
1 Recommendation of 7967

More Created or Saved Funny Math

2 + 2 = 6 created or saved.

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.

About two-thirds of the 14,506 jobs claimed to be saved under one federal office, the Administration for Children and Families at Health and Human Services, actually weren't saved at all, according to a review of the latest data by The Associated Press. Instead, that figure includes more than 9,300 existing employees in hundreds of local agencies who received pay raises and benefits and whose jobs weren't saved.

Garbage in. Garbage out. Previous post here. As Ed Lazear noted, firms have an incentive to overcount these numbers in hopes of receiving more from the government tit next time.

Via Glenn Reynolds.

Update: If the Obama administration were in charge of baseball statistics, then Mariano Rivera would have created or saved 190 games this year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext