Thursday, October 22, 2009

Unintentional Comedy from Recovery.gov

Seriously, I think they're trying to be funny.

The front page says that $14.6billion has been awarded, saving 30,082 jobs. The math on that should scare the hell out of anyone.

Colorado seems to be in the lead with 4,695 jobs.

Rhode Island saw 5.93 jobs saved or created. Five point nine three.

Such robust results! But sadly, we've seen the "bulk" of the help from stimulus spending.

"Christina Romer, the chair of President Barack Obama's Council of Economic Advisers, said Thursday that the $194 billion already spent gave a jolt to the economy that contributed to growth in the second and third quarters of the year. She told a congressional panel that by the middle of next year, the impact of the stimulus will level off. Romer said spending so far has saved or created 600,000 to 1.5 million jobs but warned that unemployment will remain high, above 9.5 percent, through the end of 2010."

I'm confused. 30,000 jobs saved or 1.5million?


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