|
|
|
 
 
 
 
|
|
|
|
|
||
|
| ||||
| ||||
| ||||
| ||||
| ||||
|
|
|
Where the economic stimulus went wrong
UT-Battelle received a $338.7 million contract, listed as the fourth largest on the recovery.gov site. So far, the company, which manages Oak Ridge National Laboratory in Tennessee for the Department of Energy, has spent $13 million and created 41 jobs, mostly related to the oversight of subcontractors. Interestingly, most of these jobs will be unreported in the Government job creation data. So, you must be wondering that this stimulus money is really creating hidden jobs that are reported. You are somewhat right. But look at the quality and scopes of jobs. Construction jobs are temporary. After the chemistry building is built, what happens to those jobs? More importantly, who will use the chemistry lab? Will the Government (Department of Energy) have funds to employ chemists in that building?
Stimulus money has gone to sectors of the economy that may not need it so much. More importantly, the reported job creation numbers are full of mistakes. The net effect pf the stimulus money is really small.
The data reported on Thursday are filled with errors and questionable accounting. It even includes an error that made it look like a French vaccine manufacturer received the largest stimulus contract, $1.4 billion, when in fact it got an award an award less than $14 million.
According to Government research organization OMB Watch, many inconsistencies exist in the job creation data.
A senior federal fiscal policy analyst at OMB Watch says "When you put out data that hasn''t yet been checked, it undermines transparency, because you are putting out wrong information."
Some call this a Republican counter attack on the Obama Administration.
Unlike Bush President Obama is smart and agile. He recognizes mistakes and corrects the same very fast. That is the good news.
The stimulus funding has gone to sectors where it was little needed. We do not need construction jobs and research funding to support University professors. What is needed is finding to help small business to succeed to that they hire and train American workers.
OUTSOURCING ARTICLES
|
|
| Click here to get ad specs and place your ad or Click here to contact the advertisement department |
Send Letters to the Editor
|
Add RSS headlines