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January 13, 2010 09:01 AM UTC

Obama Changes Stimulus Accounting

  • 2 Comments
  • by: Libertad

Say what, Obama is now working his magic over at FASB??



No not yet, but Obama’s new Soviet-style accounting will make it impossible to track jobs rumored to be saved or created by The Stimuli.

http://www.msnbc.msn.com/id/34…

WASHINGTON – The White House has abandoned its controversial method of counting jobs under President Barack Obama’s economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.

Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It’s no longer about counting a job as saved or created; now it’s a matter of counting jobs funded by the stimulus.

Liars figure and figures lie … or as that stand-up guy from SC said “You Lie!”

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