Stimulus job counts are actually anecdotal macroeconomic estimates

A few weeks ago we wrote about how the US Government Accountability Office slammed US stimulus job creation numbers. Last week the Canadian Auditor General did the same.  Sheila Fraser’s report on the Canadian numbers said (emphasis ours): …the project-level information on jobs included in the quarterly reports was largely anecdotal and did not present [...]

Don’t trust the stimulus job-creation numbers

Politicians love telling voters that stimulus spending creates jobs. Just Google “stimulus created jobs” and you will get about 3,200,000 results. For example, the Congressional Budget Office says President Obama’s stimulus package created up to 3.3 million jobs in the second quarter of this year. Arnold Schwarzenegger said Obama’s stimulus program created 150,000 jobs in [...]