The White House recently began claiming that the “Recovery Act” had “created or saved” 640,000-plus jobs. This was a political mistake, since the “jobs saved” measure allows for creative accounting. But the White House also erred by providing (supposed) details, making it very easy for reporters to do a bit of fact checking, which has generated a spate of stories showing that the White House’s numbers are wrong, even using make-believe methodology. The Washington Examiner has put together a very useful interactive map which links to many of the news reports debunking the Administration’s fraudulent numbers. With the White House now talking about a second stimulus (though it appears they will call it a jobs bill), it’s time to remind ourselves with a three-part series that government spending is not stimulus. Part I is this video debunking Keynesian economics.
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