A Rundown of Obama’s Odd Stimulus

Just some random notes:

Stimulus Performs Worse than No Stimulus Predictions

July Graph
December 2009Graph
Another Graph

High Cost Per Job Saved
$23 million creates less than 21 jobs

But Hollywood is a different story entirely. Hollywood — the geographic Hollywood as found on Thomas Guide map page 593 — has received $23,338,327 in grants, loans and contracting. This money has created just 20.57 jobs. That’s $1,134,580.80 per job. And as interviews with recipients reveal, even that tiny jobs claim is clearly false, with many of the claims of newly created positions either impossible to verify or lower than reported.

Not even 20 full-time jobs have been created in Hollywood proper.

– laweekly.com

TN – $235,912 per Job

“In TN, stimulus jobs cost $235,912 per person,Good grief. Why not just cut each person a $100,000 check and save a ton?” – KnoxNews

Jobs Saved in >440 Phantom Districts

Researchers at the Franklin Center for Government & Public Integrity found 440 “phantom districts” listed on Recovery.gov, consuming $6.4 billion and creating or saving nearly 30,000 jobs. Their findings are listed HERE. –Washington Times

There’s one problem, though: There is no 9th Congressional District in Arizona; the state has only eight Congressional Districts.

There’s no 86th Congressional District in Arizona either, but the government’s recovery.gov Web site says $34 million in stimulus money has been spent there. –ABC News, Nov. 16, 2009

Tennessee’s Phantom 29th Congressional District.
http://districtscreated.org/candidates.html

Funny Job Creation

More than $4.7 million in federal stimulus aid so far has been funneled to schools in North Chicago, and state and federal officials say that money has saved the jobs of 473 teachers.

Problem is, the district employs only 290 teachers. – Chicago Tribune, November 04, 2009

“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, filed erroneous figures, or claimed jobs for work that has not yet started.” – Boston Globe, November 11, 2009

Even CBS is on top of this. (October 30-ish Video). $100K for a single modular classroom counted as 280 jobs, pay raises counted as jobs…. Favorite line “They don’t understand how some stimulus project will create any jobs. For example, $500k to study social networks like facebook and $219K to study the sex lives of female college freshman”.

Associated Press/KnoxNews

WASHINGTON — The federal government overstated by thousands the number of jobs created or saved with contracts awarded to businesses under President Barack Obama’s economic recovery program, according to an Associated Press review of employment data in the plan’s first progress report.
——
For example:

• A company working with the Federal Communications Commission reported that stimulus money paid for 4,231 jobs, when about 1,000 were produced.

• A Georgia community college reported creating 280 jobs with recovery money, but none was created from stimulus spending.

• A Florida child care center said its stimulus money saved 129 jobs but used the money on raises for existing employees.

7 Months After Stimulus 49 of 50 States Have Lost Jobs. What’s shocking is that even Washington, D.C. has lost jobs. How can that be?

Hard Stimulus Data Reveals That Michigan “Saved Or Created” Only 397 Jobs For 620 Million Stimulus Dollars, FAR Short Of 19,500 Claim.

Funny Accounting

“IRS Cannot Verify Taxpayer Eligibility for 2/3 of $325 Billion of Stimulus Tax Benefits”

Counties with worst joblessness get least from stimulus package

Knox County, for instance, had an unemployment rate in November of 7.7 percent and is receiving about $344 per resident in stimulus money that is being disbursed through state agencies.

……

The residents of Scott County, which had one of the state’s highest unemployment rates at 17.8 percent, are receiving about $169 per capita.

“I’m just not sure the money that a lot of people in Washington thought would be going to rural areas ever got to rural areas the way it was intended. … That’s a little opposite of the impression that most of us got back when they talked about the stimulus funds at the first of the year.”

Lola Potter, spokeswoman for the state Department of Finance and Administration, said the focus of the stimulus package isn’t necessarily “to raise the economic status of counties who weren’t doing well,” but instead to help states bounce back from the loss of tax revenues.
…..

Pork

“One reason unemployment continues to rise may be that stimulus funds did not target high-unemployment states.” – American.com

Glenn Reynolds comments: “from each according to his abilities, to each according to his political clout”

Sources:
KnoxNews, Counties with worst joblessness get least from stimulus package
Tennessee Department of Labor and Workforce Development; U.S. Census Bureau, ProPublica
KnoxNews, In TN, stimulus jobs cost $235,912 per person, Good grief. Why not just cut each person a $100,000 check and save a ton?, MICHAEL SILENCE, December 24, 2009 at 7:26 AM

LaWeekly.com, Hollywood’s Catered Stimulus, Why $23 million creates just 21 jobs, Tim Cavanaugh, November 18, 2009 at 4:31pm
Reason, That Stimulus is So Freaking Awesome it Has Created or Saved Jobs in Congressional Districts That Don’t Even Exist!, Nick Gillespie | November 16, 2009

ABCNEWs, Exclusive: Jobs ‘Saved or Created’ in Congressional Districts That Don’t Exist, Human Error Blamed for Crediting New Stimulus Jobs to Nonexistent Places, JONATHAN KARL, Nov. 16, 2009
Boston Globe, Stimulus job boost in state exaggerated, review finds, Errors, incomplete data, estimated positions go into federal report, November 11, 2009
The American, , State of the Stimulus Veronique de Rugy Tuesday, November 10, 2009
Chicagotribune.com, Illinois data on stimulus-related jobs saved, created don’t add up, Districts say job numbers attributed to them inaccurate; totals ignore Chicago, Erika Slife and Bob Secter November 04, 2009

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