Stimulus Jobs

Or you or Kerio. Welcome back Tom Finneran a tough but I -- you start dancing as soon here Levy. You're uncontrollable -- Controllable because we have accessed. -- about state Cyrus so what. Michael are not so uncontrollable overseas sorry I forgot about me ask you why you sitting there gonna redeem myself for the public confession might help. Boston business today with the Boston Globe Steve -- is brought to you by SBA ally a savings bank life insurance is that no nonsense life insurance company sorry about that Steve.

Hey no problem back here today.

They go did -- idea big front page story in the global gross over estimation of the federal stimulus money and its impact on jobs. Instead of actually saving or creating 386000. Jobs it turns so we've lost that amount that's why this show us.

What a -- have a number doesn't really hold up -- you know I I I I was trying to think this morning how long I've been writing stories about. Some sort of economic stimulus and obviously this book the government the federal government want right now is a gigantic plant but. There have been for ever state stimulus plans and every single one of them I've covered for decades it has some sort of -- good jobs created -- numbered I don't think that is true one and number and when you look at the number that we're talking about messages as you pointed out. 12370. -- jobs retained or created as the exact number. Candidate you know the truth is that there is some real number of jobs. Retained or created but who knows what it is we just know it certainly isn't this number and it isn't anything close to its number.

Well old -- how do we know that.

Well -- if you just start. Combing through the numbers says. As -- able -- Mittal bought my colleagues at the globe has done in the last few days that you just. Start basically looking at table this doesn't seem that makes sense let's call these people try -- and you can't -- there's so many of them obviously can't do every one but when you start. Isolating dog and a number of these things you see how often there are either errors or exaggerations. That just. Cast a whole. You know sort of suspicion over the entire number that it can't.

So they can what I had -- they see so much screwed up that they did you just don't you lose all confidence in the counting.

I think absolutely I'd you know I'm not all of this is. Age is something that's such a diabolical plot I don't think most of that is stated should I think in some cases -- in some cases it's people. Not knowing how to attribute things whether it's there's a case where you know somebody -- managing -- property has. Two contracts that are affected by the stimulus and so we counted employees twice. And sometimes there are jobs that dark it you know work funded by different federal program and those job.

Always okay yeah okay --

And these jobs -- all of a sudden move from one column into another.

Once again you can't trust Obama. Half past twelve is saying today that the bridge the Bridgewater state college at some of the specifics that you're our colleagues at the globe who -- believable but this is very damaging time don't you think these little stories day after day after they -- they add up to -- the most destructive type the stirs in politics because people look at this. And they say this is nothing but hogwash. Had a they become aware of the debt they've become aware of the burden on. Generations to come and they say this is not about hogwash and very few if any people's lives have been impacted to really to just confirms what people -- it can it confirms this cynicism they become even more cynical and therefore. More angry. Federal money that recipients are already receiving and you listen to the subsidies for affordable affordable housing. Was reclassified this year a stimulus they've always been getting the money and now all of a sudden it comes in his stimulus money. Bridgewater state says 160 jobs claimed and then the reality they -- time. Work study positions as full time jobs at most one the new full time job was created with stimulus money -- wanna --

He's obviously we're not an isolated it -- situation here in Massachusetts just -- Your binding. You know similar types of things and I think that's that's absolutely right and got it again I would say that. This is a standard operating procedure for any kind of job counting. Function within the stimulus plan. And -- you know it it's just tip it's always been bogus and I would've been shocked if that wasn't bogus here on the other hand I have to point out that you know. The government is spending money and there is an impact on that it's just not nearly what we're talking about.

Exactly. Exactly and ended his shielded teachers cops firefighters from what otherwise might have happened because a local budgets is no question about that -- that would have some stimulative effect. But but stadium here and I've talked about it so -- stimulus by definition it's temporary this cannot know amounts entree. There's two kinds a stimulus is the und -- depressions new spending and then there's the spending that actually creates new accident and economic activity so -- a job doesn't create a lot of economic activity. Creating new industries.