Editor’s notes: the following is taken from the official Obama managed site, recovery.gov . The most recent jobs lie put out by the Administration is that the 2009 Stimulus bill has “created or saved” 2.4 million jobs – a number presented by Mr. Biden in a speech, this past week. The Administration quotes a Congressional budget agency in making this report, but you will never see a detailed accounting for this number. Why? Well, because it is a made up number, of course.
In the following, we have an official jobs number. It is 682,370. This editor finds that number incredible and for these reasons: it is probably true; it is found on Obama’s own site [these are his numbers]; he never refers to this number and it directly contradicts the impression he tries to present when he (and “say it ain’t so, Joe” Biden) speak of “jobs created or saved.” Again, the following is Obama’s report on his Stimulus. Memorize that fact. Learn this number: 682, 370 -- it will give you the ability to smile when Biden starts bragging about that 2.4 million jobs number, again. They are planning on telling us this for the next 6 weeks.
After 15 months of “stimulus,” it is safe to say that the legislation designed to create jobs, keep our unemployment rate under 8%, and kick start the economy back into high gear, has failed. In fact, the Stimulus bill of February 17, 2009, is a monumental failure. So much so, that the Administration is asking for $168 billion more in stimulus.
Finally, from the official numbers below, we learn that only $115 billion has actually been paid out for “contracts, grants and loans.” That’s 2.3 billion per state, on average. No other money coming out of the “stimulus” goes to “jobs creation” and most of htis money was used by the states to balance their budgets !! Californian did. Also, note that this official report has not amended the original $787 billion total. Since the creation of this fund, $93 billion has been added to the fund in additional legislated installments (75 and 18 billion dollars) for unemployment benefit extensions. In other words, the fund is currently 11.8% over budget.
Understand that the so-called “unemployment rate” of 9.7 % is not an unemployment rate, at all. Rather, it is the percentage of the work force still drawing unemployment benefits. As a number, it is fairly useless in determining the state of the economy. For example, if this number falls from 9.9 % to 9.7 %, which it did three months ago, did the “improvement” come as a result of people going back to work or as a result of folks running out of “benefit” time and “slipping through the cracks,” as it were? No one really knows. The actual unemployed rate, is a little under 15% of the total work force ------ 14 million Americans. That is the Department of Labor’s number.
Point of this Post: we are being fed a “pack of lies,” by an Administration that lied its way into office and has continued this tactic for 17 long, difficult months. Heck, next to Hussein Obama, Clinton looks like a saint and Nixon is looking like a martyr. -- jds
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Recovery Funded Jobs Reported by Recipients
January 1 - March 31, 2010
682,370
Job calculations are based on the number of hours worked in a quarter and funded under the Recovery Act.
Overview of Funding
The American Recovery and Reinvestment Act of 2009 distributes the $787 billion as follows:
Source for Distributing and Reporting: US Treasury, Federal Agency Financial and Activity Reports
The American Recovery and Reinvestment Act of 2009 distributes the $787 billion as follows:
| Category | Total Recovery Act Funds | Funds Paid Out |
| Tax Benefits | $288B | $162.7B |
| Contracts, Grants, Loans | $275B | $114.7B |
| Entitlements | $224B | $132B |
Updated: 06/11/2010
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keys: recovery.gov, stimulus, created or saved, 682,370 jobs, official numbers,
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