Tuesday, May 19, 2009

VP Joe Biden's Fuzzy Math

Last week, VP Joe Biden claimed that the federal stimulus spending programs has created or saved 150,000 jobs since February, when President Obama, signed the stimulus bill into law.

Biden also claimed, that the federal stimulus bill has created over 3,000 transportation construction projects in 52 states and territories (last time I checked, there were still only 50 states in the USA) where does Biden's numbers come from?

Tad DeHaven of the CATO Institute says, the Biden's numbers were derived from a formula that would tell the Obama Administration "whatever it wanted to hear."

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