Featherbedding stimulus job numbers
Examiner Editorial
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November 2, 2009
"President Obama’s chief economist Christina Romer admitted several weeks ago, “It’s very hard to say exactly [how many jobs have been saved or created] because you don’t know what the baseline is, right, because you don’t know what the economy would have done without [the economic stimulus program].” (Getty Images)
"When Vice President Biden greeted a group of labor leaders two weeks after President Obama took office, he said, “Welcome back to the White House” — a not-so-oblique reference to their lack of access during the previous eight years under the Bush administration. Judging by the White House’s claims of having “created or saved 650,000 jobs” with the $787 billion economic stimulus program, it appears those labor leaders taught the administration a thing or two during their visit. How else to explain the obvious featherbedding by White House officials in tallying the job numbers released Friday?
"Featherbedding occurs when paychecks are issued for nonexistent employees and the money goes directly into union coffers. Thousands of the jobs Obama officials say were saved or created by the stimulus program are no more real than those invisible positions invented by unions to bulk up their treasuries. We know this to be the case because as Obama’s chief economist, Christina Romer, admitted several weeks ago, “It’s very hard to say exactly because you don’t know what the baseline is, right, because you don’t know what the economy would have done without [the economic stimulus program].”...
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http://www.washingtonexaminer.com/opinion/Featherbedding-stimulus-job-numbers-68389392.html
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