On January 11th, Matt Apuzzo and Brett Blackledge reported on an Associated Press analysis of federal government infrastructure stimulus spending writing:

Spend a lot or spend nothing at all, it didn’t matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama’s argument that more road money would address an “urgent need to accelerate job growth.”
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AP’s analysis, which was reviewed by independent economists at five universities, showed that strategy hasn’t affected unemployment rates so far. And there’s concern it won’t work the second time. For

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Big “news” this past Monday: President Obama has new plans to “save or create” 600,000 additional jobs this summer!

At least that’s what you’d think by scanning today’s headlines. Doug Palmer’s June 8th Reuters piece Obama speeds projects to create, save 600,000 jobs, takes the President’s bait hook, line and sinker: “President Barack Obama said on Monday that accelerated stimulus spending would create or save 600,000 jobs over the next 100 days,” Palmer wrote before parroting White House claims that the spending will quickly lead to new economic activity at national parks, veterans centers and Superfund sites from coast to … Continue Reading