The formula for deciding how many jobs are created or saved doesn’t come close to passing the giggle test:
When the WH demanded that those who received Spendulus money “report” back on how many jobs were “saved or created,” they insisted upon a nonsensical rule: If a single dollar of Spendulus was spent on an employee’s salary, whether that employee was a new employee or an old one, that gets counted as a job “saved or created.” If he’s a new employee, that job was created. If he’s an existing employee, that job was saved.
For $1.
Yes, $1. Because the nonsensical rules the White House told these people to count “saved or created” jobs by simply stated: If any employee’s salary is paid, in whole or in part (any part!), count that as a job “saved or created” by the spending.
And then report that number back to us.
Note that the White House’s rules do not seek to discover which jobs really were “saved or created.” To come to that conclusion, one would need a set of more rigorous rules — which excluded some jobs from the “saved or created” category, rather than attempting to include them all under that rubric.
The criteria for deciding are so unrealistic that it would be possible to claim that 787 billion jobs were saved or created . . . and it would be valid under the reporting formula.
