Wednesday, January 13, 2010

'Saved or Created' Replaced With 'Jobs Funded With Recovery Act Dollars'

Who would have thought that the government could come up with a metric worse then the criticized and mocked 'Saved or Created'. Well, they did. Now the measure of success of the failed stimulus is 'jobs funded with Recovery Act Dollars'. I would really like to hear an official explain how such a job constitutes a stimulus job, but am not holding my breath that a reporter will actually ask nor get a real answer.

"The Obama administration has taken some heat and mockery for using the nebulous and non-economic term of jobs being “saved or created” by the $787 billion stimulus program.

So it’s gotten rid of it.

In a little-noticed December 18, 2009 memo from Office of Management and Budget director Peter Orszag the Obama administration is changing the way stimulus jobs are counted.

The memo, first noted by ProPublica, says that those receiving stimulus funds no longer have to say whether a job has been saved or created.

“Instead, recipients will more easily and objectively report on jobs funded with Recovery Act dollars,” Orszag wrote.

In other words, if the project is being funded with stimulus dollars – even if the person worked at that company or organization before and will work the same place afterwards – that’s a stimulus job.

This change has not yet hit the website, which lists 640,329 “Jobs Created/Saved as Reported by Recipients.”

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