onthehillblog.blogspot.com - 9/15/2009
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On Thursday, the president’s Council of Economic Advisers released its first quarterly report on the economic impact of the stimulus. The next day’s headlines seized on a single number in the report: 1 million, the council’s estimate of how many jobs the stimulus had created or saved. But how solid
Almost nothing
cafehayek.com 24 days ago — A very illuminating story on “jobs saved.” I think the estimates and methodology reported here are not the same as the “one million jobs saved or created” discussed here . But the real importance of this story isn’t the ...
Measuring Jobs Created or Saved
gregmankiw.blogspot.com 5/12/2009 — The stimulus bill Congress passed a few months ago apparently requires the Council of Economic Advisers to report quarterly on the employment effects of the act. It is, essentially, an impossible job. Because we have only one economy, there is no way ...
How Many Jobs Saved? We Do Not Know
cato-at-liberty.org 6/9/2009 — In the past couple of days the administration has been discussing the employment impact of its stimulus package. Employment has declined steadily since adoption of the package, so it might seem odd to claim that it has already had beneficial impacts. The administration’s response is that ...
Jobs saved and counterfactuals
cafehayek.com 24 days ago — Krugman and DeLong have been attacking Mankiw and Meltzer for mocking the “jobs saved” metric of the Obama Administration. Here is Krugman:
Brad DeLong catches Allan Meltzer claiming that there’s something nonsensical about the Obama ...
States Given Leeway in Tallying New Jobs from Stimulus
online.wsj.com 6/24/2009 — LOUISE RADNOFSKY The White House is giving states a break when it comes to counting the number of jobs created or saved with the help of federal stimulus money. President Barack Obama had promised that the stimulus plan would save or create 3.5 ...
The Associated Press: Stimulus jobs overstated by thousands
google.com 10/29/2009 — 1 day ago WASHINGTON An early progress report on President Barack Obama's economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected ...
Do Direct Stimulus Jobs Really Cost $533,000 a Piece?!
onthehillblog.blogspot.com 10/17/2009 — On Thursday, the government released a flood of data about the stimulus, showing how 9,000 federal contractors spent their stimulus dollars — including the value of the contract, each project’s status, and how much each of the contractor’s five highest-paid officers were paid.
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