White House Caught Cooking the Books

Posted April 20th, 2010 by AlphaPatriot and filed in Economics and the Economy, Obama, Barack Hussein, Unemployment
Comments Off

Breitbart’s Big Government says that the White House altered baseline stimulus projections by 7 million jobs in order to be able to claim that their excessive spending has “created or saved” 2.8 million jobs.

An inconvenient truth, at least for the Obama Administration, is that once upon a time, in their January 2009 Romer/Bernstein Report they told America that without their stimulus there would be 133.9 million jobs.  That’s right, in order to make it look like their stimulus has “created or saved” 2.8 million jobs, the Obama Administration first had to whack 7 million jobs from their previous estimates. …

Here’s the story problem:

This year 11-year old Jane’s class is studying money and budgets.  In September every student wrote down their savings, and what they wanted in savings by the end of school in June.  Jane started with $134, but wants to do better and have $137 ($3 more) saved by year’s end.  She figures that will be easy, since she will get birthday money in a few months.  But now it’s late May, and Jane has only $130, because she spent her birthday money, and then some.  What should Jane do in her final report on the savings project?

  1. Be honest and admit she didn’t reach her goals of $3 more in savings, totaling $137, due to her spending habits; or
  2. Say at the start of the year she only “really” thought she would have $127 saved by year’s end, and claim “success” for ending up with $3 more than that and see if her teacher notices.

I’m guessing the MSM won’t notice. But we do.

Technorati Tags: , , , , , , , , , , ,

Comments are closed.