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Thursday, October 29, 2009

Administration Concedes Overestimate of Jobs “Saved”

“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 in future reports.” (Associated Press, Thursday)

But saying they made an error implies they know the right number.

FEE Timely Classic
“The Absurdity of ‘Saving Jobs’” by Timothy D. Terrell

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.