Good Financial Move?

" First time jobless claims were down more than expected last week fallen by 12000 to the lowest level since the first week of the year. President Obama calls that a hopeful sign. But his chief Washington correspondent Jim Angle reports there are serious questions about another set of numbers as the president gears up for another big jobs polish."

" President Obama has repeatedly touted the administration's -- to create jobs with the unemployment rate high and rising he announced today he's convening a forum on jobs and economic growth in December oh. -- CEO small business owners. Economists and financial experts. As -- representatives from labor unions and nonprofit groups to talk about how we can work together to create jobs. And get this economy moving again some might think the administration had already sold all the advice and counsel -- confined -- given that unemployment is at a 26 year high of ten point 2%. And after months of praise for the number of jobs the White House claimed if stimulus had created it's important. That we don't make any ill considered decisions even with the best of intentions. Particularly at a time when our resources are so limit."

" I think the purpose of the summit is basically just public relations has to try to convince people that. The administration is doing a good job."

" And there is a political problem because -- administration had announced with great precision that 640329. Jobs have been created. By the stimulus mr. Obama put in place several months ago but local newspapers all over the country are reporting that claims -- jobs created by the stimulus. All our as the Boston Globe reported wildly exaggerated. For instance the globe found that the city of -- reported a 630000. Dollar solar panel installed on City Hall created ten jobs the problem is the work hasn't even started yet. The -- also reports of Bridgewater State College received some 77000. Dollars in stimulus money. And created 160 full time work study jobs but the globe reported the actual number of new jobs was almost not thing."

" There lot of ways and get exaggerated wind as bad of course nobody has a really compelling incentive to get these numbers exactly right indeed a lot of people I think feel. That is their job to save the stimulus is working and so there's some tendency to -- direction of saying that lots of jobs in the saved or created."

" And Wisconsin Milwaukee journal sentinel found that claims the stimulus grade 10000 jobs in Wisconsin were quote rife with errors. In the case of money for sewer repairs for instance five new jobs were listed as fifty and then double counted so -- I've turned -- 100."

" At this point it's very difficult to call an -- it. There are cases where there are millions and millions of dollars being spent no -- against it."

" Or some case is just the opposite one Wisconsin -- groups say that eighteen of 18000 dollar grant had -- 113. Jobs putting the cost of each full time job and about a 160 dollars a year. Though the administration continues to -- all the jobs created calling that summit that meeting in December seems to acknowledge the stimulus isn't working. Or perhaps -- the political problems are growing faster than unemployment. Brett we'll keep tracking -- Jim thank you the treasury department's."