Detroit Free Press – so far stimulus has created or retained virtually no jobs for Michigan

Democrat PorkulusYou know its getting bad when even a far left fish wrap like the Detroit Free Press is exposing you and your so called “stimulus” package. Unless its attempt by these fish wraps to pressure Obama and Congress into a second stimulus, this can do nothing more than make everyone involved look like the idiots they are. Remember what Obama said though when it comes to the stimulus, NO ONE MESSES WITH JOE (Biden)! The Detroit Free Press’s  analysis also shows that others who have been promised or have received stimulus money have overstated — in some cases greatly — the number of jobs created or protected. Obama of course and typical of liberal Michigan state officials say it’s too early to draw conclusions about the overall impact of the $787-billion nationwide program to stimulate the economy and generate jobs. They promise that job growth will follow as more funding arrives.

“It looks to us like the program is unfolding much as we hoped in Michigan,” said White House economic adviser Jared Bernstein.

The Free Press examination of more than 1,800 government reports of those who have received or expect to receive stimulus money found the biggest impact was spurring or protecting public-sector or summer jobs — not private-sector jobs. Michigan has the nation’s worst unemployment rate.

Officials reported that by Sept. 30, some 22,500 Michigan jobs were created or retained thanks to the promise of $5.2 billion in stimulus money for the state, $1.2 billion of which had arrived.

The analysis also found:

• Three of every four stimulus grants, contracts and loans approved in Michigan created or retained one job or less.

• Fewer than 700 awards had received some money, and nearly half of those — 327 — had created one job or less, at a cost per job of $2.7 million.

• Some job estimates were wrong: General Motors Co., for instance, reported 105 jobs saved or created for a government purchase of 5,000 vehicles but later said no jobs were saved or created. The City of Detroit reported 342 jobs it now says were projections — not jobs already created or retained.


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November 15, 2009 · Filed Under Porkulus

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