November 19th, 2009
By JONATHAN KARL and MATTHEW JAFFE, ABC
Obama’s Stimulus has been a total failure
More than 50,000 jobs, or one out of every 10 jobs the White House says were “saved or created” by their economic stimulus plan, came from projects that reported spending no money yet, according to a government report obtained by ABC News.
The report by the Government Accountability Office analyzes the administration’s October 2009 report on jobs saved or created by the $787 billion stimulus program and finds a “range of significant reporting and processing problems that need to be addressed.”
Even with the errors, GAO gives the Obama administration high marks for its efforts at transparency and in making so much information public in such a short period of time.
“Given the national scale of the recipient reporting exercise and the limited time frames in which it was implemented,” the report says, “[recovery.gov] represents a solid first step in moving toward more transparency and accountability for federal funds.”