More Fuzzy Math on Jobs Saved
This time, in California. The story is broken — by the Los Angeles Times? Uh, no. By the Sacramento Bee:
Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably never were in danger, a Bee review has found.
California State University officials reported late last week that they saved more jobs with stimulus money than the number of jobs saved in Texas – and in 44 other states.
In a required state report to the federal government, the university system said the $268.5 million it received in stimulus funding through October allowed it to retain 26,156 employees.
That total represents more than half of CSU’s statewide work force. However, university officials confirmed Thursday that half their workers were not going to be laid off without the stimulus dollars.
“This is not really a real number of people,” CSU spokeswoman Clara Potes-Fellow said. “It’s like a budget number.”
How did this happen? They followed federal guidelines given to them by the Obama administration:
In the case of the CSU system, spokeswoman Potes-Fellow said university officials followed federal reporting guidelines in calculating the numbers.
They determined that CSU’s stimulus funds equaled the pay of roughly 26,000 full-time employees for the two months following the allocation, May and June, and reported that as the number of jobs saved, Potes-Fellow said.
By now, this is a pattern. A pattern of deception.
its not a pattern of deception…. they’re doing it right out in the open. after all, its not *their* fault you’re not dumb enough to fall for it, is it?
redc1c4 (fb8750) — 11/7/2009 @ 9:11 amGreetings:
It takes a village to bankrupt a state.
11B40 (97b6a1) — 11/7/2009 @ 9:46 amThis government is a corrupt enterprise, under the definitions of the RICO law. Nothing they do is honest and I think the last vestiges of confidence in this government, not just Obama but the federal government, are going away.
This is one indicator. This is stunning.
A plurality (46%) of Democrats say it is better for the country with one party running the White House and Congress. Fifty-five percent (55%) of both GOP voters and unaffiliateds disagree and prefer one party in charge of each.
That still means that 54% either think it is worse or aren’t sure and they are in power !
This is another.
The public simply doesn’t believe this government. 72% say the Obama-Pelosi bill will shift employees to public care.
At some point, this will affect behavior. I suspect it will be next November.
Mike K (addb13) — 11/7/2009 @ 10:02 amWell, duh. Teh Won and the libs in congress and the media have been all about deception and nothing about truth. Anyone with half a brain and more than just a passing interest can see that.
Since “the truth shall set you free” and “you should never educate a slave” actually getting the truth out there would remove the sand in the populace’s eyes and the shackles from their wrists and ankles. The libs would lose more than half of their base if their base were actually educated as to the truth.
John Hitchcock (3fd153) — 11/7/2009 @ 10:06 am“By now, this is a pattern. A pattern of deception”
Are you referring to the Obama Administration or the LA Times?
Sean P (50f5d9) — 11/7/2009 @ 10:10 amI’m shocked but pleased that the Bee — the BEE, a paper almost as far In The Tank as the LA Times — dared to point out the Emperor’s nudity here.
Mitch (a6a8c9) — 11/7/2009 @ 10:56 amwe should all get drunk
happyfeet (f62c43) — 11/7/2009 @ 11:22 amEmpty Roar is nude?
AD - RtR/OS! (89a0a7) — 11/7/2009 @ 11:26 amTMI!
Bravo for the Bee. A good followup would look at how many jobs will be lost or not created because of the economic drain of paying off this massive debt.
Brother Bradley J. Fikes, C.O.R. (0ea407) — 11/7/2009 @ 11:32 amYou aren’t drunk by now?
I wake up at 6AM read the news and feel like crawling into a bottle of tequila.
“This is not really a real number of people,” CSU spokeswoman Clara Potes-Fellow said. “It’s like a budget number.”
This spokeswoman and her “not really a real number… it’s like a budget number” sounds like something I would say when I don’t know wtf I am talking about and am trying to buy time and obfuscate.
Not to mention that now I want to know a little more about those budget numbers because they sound a little iffy too after this nifty explanation.
This is totally not really a real number… it’s like totally random, like a budget thingy that like totally is like when your credit card says there’s nothing so like you call your Dad and he puts more money in. Then you multiply by 1.84 and then add 100,000 and check the saved or created box….
SteveG (97b6b9) — 11/7/2009 @ 11:42 amPS: I make $150,000 a year to articulate what is really real here at the CSU system
I’d be thrilled if Obie’s hidden super-duper top-secret college transcripts showed he took Fuzzy Math, hell, any math, while he went to those elite Ivy League schools.
Barry is not only historically illiterate as he’s shown time and time again, he is also functionally illiterate in math and economics.
RickZ (c06fbc) — 11/7/2009 @ 12:34 pmThat’s okay, RickZ, at least BHO speaks Canadian. And he visited 57 of the 60 states in his campaign for PEZ.
John Hitchcock (3fd153) — 11/7/2009 @ 12:50 pm#9
“Jobs lost” or “jobs created” statistics when applied to macroeconomic issues like government spending or interest rates are statistical estimates.
The calculation methodology used by the Obama administration is not even close to aggressive; the aggressive estimates would employ a “multiplier” effect.
The Bee article is good, but it should have included some commentary by an economist who could have pointed this fact out, which is something anyone trained in economics understands, but the public (and not surprisingly Patterico) do not. The “jobs created” or “jobs saved” statistic is trotted out by whichever state or national administration want to brag about its economic success, and the numbers are usually suspect.
Cyrus Sanai (3b1f29) — 11/7/2009 @ 2:33 pmComment by Cyrus Sanai — 11/7/2009 @ 2:33 pm
Duh!
AD - RtR/OS! (89a0a7) — 11/7/2009 @ 2:42 pmWhen you announce that the porkulus is going to “create or save” X number of jobs, the whole thing is impossible to measure from the start. I can’t imagine asking my company for millions to “create or save” sales or market share. How do you post-analyze such bogus measures?
carlitos (3261fe) — 11/7/2009 @ 2:59 pmI understand the so called “multiplier effect” and all of the stimulii so far have touted it…. economists like well lets say Krugman want more stimulus spending because that “multiplier” is due to kick in any minute.
SteveG (ece883) — 11/7/2009 @ 3:53 pmSort of like doubling down on a slot machine that hasn’t paid out in the last 10 pulls