A deeper look into the job creation data reveals that most of the jobs were "created or saved" in the public sector. Based on data from Stimulus Watch, we find that of the jobs the administration claims to have created with stimulus funds, only some 140,765 of them were private jobs.That's 22 percent. As "Astro" would say, "rut ro." This can't be good -- except for the SEIU.
Thursday, December 17, 2009
The Obama Administration claims its stimulus package "created or saved" 640,000 jobs. That assertion is overstated and, concluded the GAO, unverifiable. But even accepting those data, Veronique de Rugy's analysis in Reason magazine is stunning: