Too Complex To Fail?

Written by David Frum on Wednesday May 20, 2009

ProPublica on the Obama administration's secret weapon for claiming economic success: nobody will ever be able to prove they failed!

[T]he Obama administration does have a rough estimate of how many jobs will be created by direct government spending. (For the record, $100 billion creates 1,085,355 job-years.) So what happens if its estimate differs from the direct job-creation reports? 

The answer, given by a senior administration official, is enough to make any social scientist squeamish: “It will be a two-way test of how good the numbers we get back will be and also a test of multipliers.” 

In other words, if the job-creation numbers the administration gets from real-world data disagree with its estimates, they reserve the right to blame the data. From an accountability perspective, this will make it difficult to assess the stimulus’ successes and failures. 
Category: News