On Thursday, the government released data claiming $16 billion in stimulus money has saved or created 30,383 jobs. Extrapolating those numbers, the administration’s chief economist estimated total stimulus spending would mean more than 1 million new or saved jobs. But do the 30,000 jobs represent a good return? And since the federal contracts for which data was reported this week represent just a sliver of the overall stimulus package, what do they really say about the impact of the stimulus as a whole?
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