Archive for the ‘Massachusetts’ Category

Obama Stimulus Job Numbers for Massachusetts “Manufactured in Washington DC”

March 27, 2009

“The question to me was, ‘How in God’s name did Obama’s guys come up with these job numbers for us?’  So, being a good accountant I dove into it.”

“I think they used a ouija board.”

That’s from my friend in Massachusetts speaking about the number of jobs that would be saved there as estimated by team Obama.  The people in Massachusetts have no idea how they can ever save that number of jobs, we were told….

“They must have just manufactured these numbers in Washington DC….”

*****************

By STEVE LeBLANC, Associated Press Writer

State officials overseeing the federal economic stimulus program in Massachusetts say they have no idea how the White House came up with one key pledge — the promise to save or create 79,000 jobs in the state.

They say they’re not even sure how to measure saved jobs — and fear the jobs figure sets an unrealistic yardstick against which the success or failure of the program will be measured.

“The federal estimate of 79,000, we really don’t know what’s behind that, we just plain don’t,” Jeffrey Simon, Director of Infrastructure Investment in Massachusetts, told The Associated Press.

“I’m not saying it’s not 79,000, but I just don’t have any way of knowing that,” he said.

Simon and his counterparts overseeing the distribution of stimulus funds in Massachusetts said concerns about the state jobs numbers were raised at a meeting earlier this month in Washington between state and federal leaders.

Massachusetts Undersecretary of Administration and Finance Jay Gonzalez also attended the Washington meeting and said other states complained that issuing job estimates undercut the administration’s vow of transparency because it was unclear where the estimates came from.

Gonzalez said he was asked at one point how he might come up with a jobs estimate and pointed federal officials to a state task force report, but cautioned them the estimate was very rough and came with “qualifications all over it.”

He said he was surprised when the state was presented with the estimate of 79,000.

“We have no idea where that number came from and now we’re going to be measured against it,” Gonzalez told the AP. “They haven’t even decided yet how they are going to require that we measure new and retained jobs.”

Job creation has been a key selling point of the $787 billion federal stimulus package. The Obama administration said they stimulus package will save or create 3.5 million nationwide.

Critics say the numbers are fuzzy, particularly when it comes to saved jobs.

In a one-page explanation on the federal stimulus Web site, the administration said it arrived at the state numbers by using an average of three different methods of estimating job growth.

The first looks at the total working-age population of each state. (If a state accounted for 10 percent of the country’s total working age population, it was allotted 10 percent of the national job impact of the stimulus package.) The second uses a similar method based on 2007 employment records, before the beginning of the current recession.

The administration said the two methods are reasonable because states with larger populations will get a proportionately larger share of tax cuts, education spending and fiscal relief from the stimulus package.

Read the rest:
http://news.yahoo.com/s/ap/20090
327/ap_on_re_us/stimulus_mass_jobs_2

Related:
Obama’s end of the beginning and possibly the beginning of the end

Stimulus: Example of More Wise Spending on “Infrastructure”?

Obama Stimulus; Fewer Jobs, Real Growth Industry is Government Counting, Regulating Jobs (Go Figure)

Stimulus: Way Fewer Jobs Than You Thought

 The Great Give Away of Taxpayer Money By Bigger and Bigger Government

 President Tries To Harness Public Anger To Move His Budget

Obama Dead Wrong On Stimulus, Caterpillar Company Jobs, Recovery

 Stumulus: Obama and Congress Sold Us A Lot Of Useless Swampland; Ready To Buy More?

http://michellemalkin.com/2009/03/27/no
w-they-tell-us-pt-ii-ap-really-catching-on-t
o-obama-math/

Mitt Romney: Stimulate Economy, Not Government

February 6, 2009

Mitt Romney ran several businesses, he understands economics and he was a conservative Republican elected to be Governor of Massachusetts — a very liberal Democratic state.

So he might know a thing or two about the stimulus now kicking around Washington DC.

“The Obama spending bill would stimulate the government, not the economy,” he says.

This caught my eye because I’ve been following the economic meltdown in California.  In that state, the only economic sectors that “grew” last year were health care and government.

That means the employers hiring people were hiring health care or government workers: not workers in factories, those involved in say, trade, like seaport workers; or other kinds of skilled professionals.

Even the Silicon Valley workforce was not growing as fast as the government.

After the stimulus we might see this growth in government nation wide — which is part of the reason that governors and mayors like this stimulus.

But why doesn’t Romney like the stimulus, as a former governor?

“As someone who spent a career in the private sector, I’d like to see a stimulus package that respects the productivity and genius of the American people. And experience shows us what it should look like,” Romney says.

In other words, companies that hire things and sell things make for more real growth than a growing government.

Romney has a very good view of the stimulus which is on CNN:

any new spending must be strictly limited to projects that are essential. How do we define essential? Well, a good rule is that the projects we fund in a stimulus should be legitimate government priorities that would have been carried out in the future anyway, and are simply being moved up to create those jobs now.

As we take out nonessential projects, we should focus on funding the real needs of government that will have immediate impact. And what better place to begin than repairing and replacing military equipment that was damaged or destroyed in Kuwait, Iraq and Afghanistan?

Third, sending out rebate checks to citizens and businesses is not a tax cut. The media bought this line so far, but they’ve got it wrong. Checks in the mail are refunds, not tax cuts. We tried rebate checks in 2008 and they did virtually nothing to jump-start the economy. Disposable income went up, but consumption hardly moved.

Businesses aren’t stupid. They’re not going to invest in equipment and new hires for a one-time, short-term blip. What’s needed are permanent rate cuts on individuals and businesses.

Read it all:
http://www.cnn.com/2009/POLITICS/0
2/06/romney.stimulus/index.html