Doom and Gloom. Reality Strikes. Creative Accounting at 1600 Pennsylvania Ave.

This from "The Automatic Earth"

The AP says;   they (Obummer) lie, but the AP is very PC about it. 

The Associated Press looked into the records of the jobs the stimulus, according to the administration, created and saved, and found some strange things are happening. Now AP depends for its survival on continued access to the White House, so it frames the conclusions of its research in politically correct and polite terminology. Anyone not constrained by such deliberations would conclude that the White House assertion of 640,000 jobs created or saved is fraudulent.

AP found, just to name an example, that of 14,506 jobs allegedly saved or created by just one federal agency, two-thirds (!) were not saved or created at all. They were counted because existing government employees got pay raises.

An unfortunate and isolated accident? No, it's not. The administration has even issued directives to count pay raises as saved jobs. AP:"The inflated job count is at least partly the product of the administration instructing local community agencies that received money to count the raises as jobs saved."

Most of the inflated figures were like those cited in the 935 saved jobs reported by the Southwest Georgia Community Action in Moultrie, Ga. The agency, like hundreds of others collecting Head Start money, claimed all its existing employees' jobs were saved because they received a pay raise with the stimulus cash.

Similar claims led to overstating by more than 9,300 the number of jobs saved with more than $323 million in stimulus money distributed by the Health and Human Services' Administration for Children and Families, the AP's review found. More than 250 other community agencies in the U.S. similarly reported saving jobs when using the money to give pay raises, pay for training and continuing education, extend employee work hours or buy equipment, according to their spending reports.

Unfortunate, yes. Incident or accident, no. Simply policy.

[..] at the local and state levels, journalists are being told that many jobs funded with "stimulus" money would not have been eliminated without it.

By now I am starting to wonder, as I’m sure you are (?!), how many jobs have actually really genuinely honestly been created or saved.

And at what cost.

A reminder:

• U3 consists of "Total unemployed, as a percent of the civilian labor force."
  
  
• U6 consists of
  
  
  
  
  • U3
    
  • + "Discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
    
  • + Other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
    
  • + Part time workers who want to work full time, but can't due to economic reasons.
  
  
  

So not only was the jobs report worse than expected, it was also worse than reported. And that is WITH all the government attempts included that seek to make things look better than they really are.   The U-6 is at 17% (click here)but reality is above 22%(click here). Oh My!

But you've been elected president until January 2013. I can understand the re-election campaign taking over by early 2012, but why fake it now? You have a chance to make it right, and honest, but you instead choose to make it wrong and false, every single day, while those who voted for you increasingly suffer.

Have you no honor, sir?

Want to know more?  Click here and here and here (this one posted July 6-09) and here (all the way from Oz)