Alarming News

November 20, 2009

What does “created or saved” jobs mean anyway?

It’s even dumber than you think.  Kyle Smith explains:

The Associated Press discovered that an outfit called the Southwest Georgia Community Action Council reported that the stimulus had enabled it to save 935 jobs — out of 508. How so? Everyone at the center got a 1.8% pay raise — so the director of the place multiplied the number of jobs by 1.8 to obtain the number of jobs saved. The number of jobs was supposed to be multiplied by .018, yielding a “created or saved” figure of nine. Nine, 935 — what’s the difference? Both numbers are equally fabricated.

Another Associated Press report noted, “A child care center in Florida said it saved 129 jobs with the help of stimulus money. Instead, it gave pay raises to its existing employees.” The head of the center maintained that it did so to keep employees from quitting and taking better-paying jobs, not joining the ranks of the jobless.

It’s getting old to keep saying it, but what the hell: can you imagine if the Bush administration pulled this nonsense?

Posted by Karol at 01:37 PM |
Comments

I read this about a week ago. It is a silly calculation and I’m not exactly clear to what “created or saved” means? They are too different scenerios and lumping them together seems a bit confusing.

Has AP done one of their FACT CHECKS on the whole “created or saved” or are they too busy reading Sarah Palins book to question her assumptions.

BTW, John Stossel said the Florida story, where 129 jobs were saved, was done with the purchase of a $1,000 lawn mower. Apparently, the lawnmower must be one you drive and it allowed 128 more people to work for landscaping.

Posted by: danielnyc at November 20, 2009 at 5:26 pm

It’d be nice when stuff like this gets called out by _Congress_, nevermind the press, regardless of whomever’s in the Oval Office.

Posted by: James at November 21, 2009 at 3:55 pm
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