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Stimulus Jobs May Have Been Overstated

Posted by Kara Reeder Nov 4, 2009 2:38:00 PM

The Wall Street Journal says the Obama Administration may have overstated the number of jobs created by federal stimulus money by 20,000. Last month, the administration predicted that the stimulus program would help create or save about 650,000 jobs.

 

But the Journal says recipients of the funding seem to have made mistakes when estimating the number of jobs that have been saved or created because they were confused by the forms. Ed DeSeve, the senior adviser to President Barack Obama on implementation of the stimulus plan, admits that the reports were not "100 percent accurate," but he defends the results:

We are looking at both overcount reports and undercount reports, and continue to ask questions of recipients to try to fix errors. In the end, we think any adjustments to the direct jobs count will be modest as a percentage of the 640,000 jobs total, either raising it or lowering it slightly.

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