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Friday, October 30, 2009

October 30, 2009: Stimulus Creates Six-Figure Jobs (Sorta)

Calculators and dictionaries make him angry

Yesterday, evidence began to mount that the Obama Administration has been fudging the numbers to paint the massive stimulus bill as a success.

More on Obama's massive stimulus fail from Jake Tapper:

Posting its results late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.

So let's see. Assuming their number is right -- 160 billion divided by 1 million. Does that mean the stimulus costs taxpayers $160,000 per job?

Jared Bernstein, chief economist and senior economic advisor to the vice president, called that "calculator abuse."

Source: ABC News

Right... "Calculator abuse" sounds like President Obama's scolding of George Stephanopoulos for using a dictionary to define the word "tax":