BOGUS: South Carolina stimulus jobs
As in the rest of the nation, the numbers touted by the fraudulent Obama regime are bogus. From The Greenville News:
The Greenville Housing Authority “saved or created†118 jobs by use of federal stimulus money, according to the Obama administration.
Not bad for an agency that has 35 employees.
Those jobs, like many of the 8,147 jobs listed by the feds as having been saved or created in South Carolina through the American Recovery and Reinvestment Act, weren’t actually permanent positions.
They were jobs of people who did work on various short-term construction projects that the agency paid for with the $2.3 million it received, said Michael Raymond, executive director.
Although the federal government calculated the number of jobs saved or created nationally down to the one-hundredth of a job, determining the program’s actual impact on keeping people in the workforce is anything but precise, experts say.
“I’d be suspicious about any of those numbers that you see them using because I don’t know how one goes into the economy and identifies a job saved as a result of stimulus spending,†said Furman University economics professor Jeffrey Yanhkow. “That just doesn’t make a lot of sense to most academic economists.â€
He questions how many “shovel-ready†construction projects were paid for with stimulus money that would have been done anyway using local funds. He sees the federal dollars more as “a bridge†that gives the state “a little more spending power†but hasn’t done much for job creation.
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