Three Million New Jobs, Eh? How's THAT Working?

In February, the White House released a list of how many jobs their stimulus would create through the end of 2010. It's reasonable to expect SOME progress, right? But although they predicted the creation of 3.46 million jobs, since then our economy has actually LOST 2.7 million jobs.

Alabama was projected to see an additional 52,000 jobs, but in reality so far we have lost 33,600 jobs through September.

You can read the original White House document here:
http://www.whitehouse.gov/assets/documents/Recovery_Act_state-by-state_jobs_2-131.pdf

And you can read the chart comparing those state-by-state predictions with the reality here:
http://www.republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=150826

So, when you hear a White House projection of how much something will cost or how good it will be for the economy, keep in mind that their track record for accuracy isn't so good.