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Friday, October 30, 2009

Biden Touts 1 Million Jobs Created - Are you Sure?

Vice President Biden touted a new administration report Friday showing the Recovery Act was responsible for one million American jobs, but acknowledged the White House's job creation statistics were not completely precise.

Flanked by California Gov. Arnold Schwarzenegger, a Republican, and Maryland Gov. Martin O'Malley, a Democrat, Biden said that he could confidently claim: "We have created over a million jobs."

The vice president conceded, however, that the administration's rapidly assembled numbers and the stimulus-tracking Recovery.gov website were only an approximate picture of the country's employment situation.

"We know this is not 100 percent accurate," he said. "Further updates and corrections are going to be needed."

But, he continued: "My message today is we're on track."

Earlier in the week, the White House parried charges in an AP article that it had inflated job-creation numbers by approximately 5,000 jobs in a study purporting to show the earliest stages of stimulus spending had created or protected some 30,000 positions. - Politico Story

Not only are they not 100% accurate, the last report showed they were wrong or inflated by some 20%. That means that if he claims nearly 1 Million it is more likely somewhere around 800,000. Not bad really. We only lost several Million in that same time frame so creating much less than what you lose is OK in the Obama White House.

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