What Is Obama Trying To Pull Over Our Eyes This Time

By
Mortgage and Lending with Canopy Mortgage, LLC NMLS 124492

Did you hear the big news today?

White House: 650,000 jobs created or saved under President Barack Obama's economic stimulus plan.

Job Search | iStockphoto.comAs is in my nature I wanted to know a little bit more about how this number was figured and how is that possible with such high unemployment. So I clicked over to RECOVERY.gov which happens to be the US government's official website that reports all data related to the Recovery Act.

It should be noted that on the home page as of October 30th that 640,239 jobs have been created/saved as reported by companies that received money from the Recovery Act.

It did take me a little while to digest the information and where to find the actual numbers that were driving the headline numbers. For those who want to see how many jobs were created or saved in your state, you are in for a surprise. I know that I was when I saw them for my home state of Indiana.

According to the government website, Indiana ranked 11th in the most jobs created with a total number of 18,876. In order to create/save this number of jobs it also required $848,420,000.

This means it would have cost $44,947.02 to create/save a job within Indiana.

If these numbers were accurate, it seems like a reasonable number. There is the catch. The numbers have to be accurate.

When I checked my state unemployment numbers, they told a complete contrarian story. Here are the real employment numbers from the state of Indiana: 271,000 jobs lost from January 1, 2009 through September 30, 2009. Every sector in the state of Indiana with the exception of government, which includes public schools and hospitals, lost jobs. And the government jobs created were only 2,400 for the first 9 months of 2009.

I have to believe the numbers that came from the Indiana state employment office because it correlates to the  nature of the home loan inquiries to my mortgage planning office in Northwest Indiana this year. As I scratch my head in disbelief, What Is Obama Trying To Pull Over Our Eyes This Time?

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Rainer
191,456
Jon Budish
Resident Realty - Fort Collins, CO

It's gotten to the point where I don't believe anything this Chicago thug administration says!

Oct 30, 2009 11:33 AM #1
Rainer
70,975
James K Barath, CMPS
Canopy Mortgage, LLC - Crown Point, IN
FICO Pro, Certified Military Housing Specialist

Jon - For all the momentum that he brought into the oval office, it is disappointing to see his administration flounder.

Oct 30, 2009 11:46 AM #2
Rainmaker
394,903
Lew Corcoran, ASP®
Scena Home Staging & Decora Photography - East Bridgewater, MA
Home Stager & Real Estate Photographer

Just 650,000?

Why, the Baltimore Sun now reports that the White House says the stimulus has created 1 million jobs so far.

Oct 30, 2009 11:49 AM #3
Rainer
70,975
James K Barath, CMPS
Canopy Mortgage, LLC - Crown Point, IN
FICO Pro, Certified Military Housing Specialist

Lewis - Are you saying the numbers posted on Recovery.gov are inaccurate? How dare you.

Oct 30, 2009 12:11 PM #4
Ambassador
680,728
Paul McFadden
Paratex - Seattle, WA
Pest Control, Seattle, WA.

James: Good points. If we're in the midst of a recovery, why don't we feel better about how our business and personal finances look? I think its all psychology. The bottom line is the recovery will be modest in scope and take a lot longer than they'll ever admit. In fact, it may mean Obama is a one-termer! Thanks!

Nov 01, 2009 01:29 AM #5
Rainer
70,975
James K Barath, CMPS
Canopy Mortgage, LLC - Crown Point, IN
FICO Pro, Certified Military Housing Specialist

Paul - Good morning. Make sure to check out the stats for your own state as every state has been impacted differently. Being part of the greater Chicago land television market, many of the local stations have been doing mini exposes on the cost of saved/created jobs. You might be in for even a bigger surprise.

 

Nov 01, 2009 01:36 AM #6
Rainmaker
131,694
Michele Reneau
Certified Staging Professional (CSP) Elite Instructor - Summerville, SC
Realtor, GRI ~ Charleston, SC Relocation Experts Team

James-It's pretty alarming that the administration would fudge these kind of numbers. I read that they counted pay raises as job creation because someone didn't lose a job.  When confronted, the adminstration said that mistakes are bound to happen but it probably all evens out for those numbers that might have been under reported. Huh? I think it's hard for most Americans to believe the numbers when they look around at their own state's numbers and with increasing unemployment numbers. 

Nov 04, 2009 10:44 AM #7
Rainer
70,975
James K Barath, CMPS
Canopy Mortgage, LLC - Crown Point, IN
FICO Pro, Certified Military Housing Specialist

Michele - With the administration asking for more money, they have to show the existing policies are "working." I wish they actually did create all the jobs they claim. When I looked at some other states, it was disgusting to believe that all my hard earned tax dollars are going for not.

Nov 04, 2009 10:59 AM #8
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James K Barath, CMPS

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