Quantcast

Economy

Will the Real Job Statistics Please Stand Up?

Will the Real Job Statistics Please Stand Up?

There have been articles for over a year pointing out the inaccuracy of the Obama Administration’s job numbers, usually looking at the inventive math used to obtain those numbers and accounting tricks to back them up. However, the lies have reached a whole new level as the Administration presses forward with its phony statistics.

The New York Times looked at just one area of the President’s job stimulus and loan programs and caught him red-handed. It looked at $1.6 billion spent under the Agriculture Department’s Rural Development loan program that the Administration has claimed was a flagship success.

Several of the companies listed as success stories were interviews by the Times, and it was discovered that the reported numbers and those told by the businesses themselves did not match. And, in many cases, they were not even close. Here are a few highlights:

  • Carolina ACC received $10.4 million to build a concrete manufacturing plant that was supposed to generate jobs in South Carolina. The Agriculture lists it as creating 197 new jobs in a hard hit, rural part of the state. However, a manager at the plant says the company currently has 10 employees. Also, the government backs 90% of the loans it gives out and the company is headed for bankruptcy, so that money is gone and even those 10 jobs are in doubt.

            Difference: 187 jobs – only 5% of the jobs listed are real

  • Singleteary Food Solutions received $4.36 million, on top of loans from the Small Business Association, and has been shown as the example of job creation by the USDA program with the creation of 334 new jobs. The company, which went out of business in 2011, never employed more than 130 workers.

             Difference: 204 jobs or 38% of what the Administration listed.

  • An unnamed borrower listed by the Agriculture Department’s Inspector General received money to save 400 jobs. The company saved two.

             Difference: 398 jobs or .05% of those listed

These are just a few examples of places where the Administration spent millions of dollars and reported amazing success in job creation and recovery. These were companies it blatantly lied about when reporting job growth. If it lied about these three, how many other new jobs are just smoke and mirrors?

Mr. President, could you please tell us what the real job numbers are now?


Economy

More in Economy

16 Nov 1930, Chicago, Illinois, USA --- Notorious gangster Al Capone attempts to help unemployed men with his soup kitchen "Big Al's Kitchen for the Needy."  The kitchen provides three meals a day consisting of soup with meat, bread, coffee, and doughnuts, feeding about 3500 people daily at a cost of $300 per day. --- Image by © Bettmann/CORBIS

Democrats Just Officially Adopted A $15 Minimum Wage In Their Party Platform

Robert GehlAugust 30, 2015
welfare

Welfare Is The Best-Paying Entry-Level Job In 34 States

Robert GehlAugust 26, 2015
phoenix

Trump: Forget State Dinners, I’d Buy the Chinese Leaders a Big Mac and Get Down to Work

VideosAugust 24, 2015
gofundme

State Sen. Sets Up GoFundMe Page To Solve Alabama Budget Shortfall

Robert GehlAugust 11, 2015
Dan Price

Company That Raised Minimum Wage To $70K Per Year Now Reaping What They Sowed

Robert GehlAugust 2, 2015
old people

Your Taxpayer Dollars: $1.2 Million To Teach Robots How To Dress Old People

Robert GehlJuly 31, 2015

Connect With Us

Launched in July 2013 to be a blog that supports and defends the Constitution.

Authors

   
 

Copyright © 2015 Downtrend.com