Thursday, May 21, 2009

Jobs saved? VP has no data

Well, it's coming... real soon new... CNS News Vice President Joe Biden last week claimed that the federal stimulus spending program has created or saved 150,000 jobs since February, when President Barack Obama signed the stimulus bill into law. “In the first 77 days of the two-year Recovery Act program, 150,000 jobs have been created or saved,” Biden said in a press release accompanying the report.  However, the basis for his claim is elusive at best.   The progress report on the stimulus plan released last week by the vice president’s office contained no such figure, nor did it reference any other document that might corroborate Biden’s claim. “The Quarterly Report to the President on Progress Implementing the Recovery and Reinvestment Act of 2009” did mention another, mandatory report that won't be released until October 2009. It adds that the vice president’s office is instituting an “unprecedented” level of transparency.

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