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On stimulus jobs reporting, a big 'Oops'
Error in Recovery Act accounting raises doubts about government's ability to precisely track the flow of funds and jobs.
By David Goldman, CNNMoney.com staff writer
Last Updated: October 16, 2009: 4:53 PM ET
NEW YORK (CNNMoney.com) -- Gaffes in federal reports this week about stimulus have called into question the government's ability to accurately track how many jobs are being created by the massive $787 billion Recovery Act.
The data in Thursday's reports were filled with mistakes, including an error that made it look like a French vaccine maker received the largest stimulus contract, $1.4 billion, when in fact it has gotten an award one-100th the size.
Government research organization OMB Watch said its assessment of the reports revealed many inconsistencies in the job data.
"The data is rife with mistakes," said Craig Jennings, senior federal fiscal policy analyst at OMB Watch. "When you put out data that hasn't yet been checked, it undermines transparency, because you are putting out wrong information."
Error in Recovery Act accounting raises doubts about government's ability to precisely track the flow of funds and jobs.
By David Goldman, CNNMoney.com staff writer
Last Updated: October 16, 2009: 4:53 PM ET
NEW YORK (CNNMoney.com) -- Gaffes in federal reports this week about stimulus have called into question the government's ability to accurately track how many jobs are being created by the massive $787 billion Recovery Act.
The data in Thursday's reports were filled with mistakes, including an error that made it look like a French vaccine maker received the largest stimulus contract, $1.4 billion, when in fact it has gotten an award one-100th the size.
Government research organization OMB Watch said its assessment of the reports revealed many inconsistencies in the job data.
"The data is rife with mistakes," said Craig Jennings, senior federal fiscal policy analyst at OMB Watch. "When you put out data that hasn't yet been checked, it undermines transparency, because you are putting out wrong information."
