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The US Government is out of control
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by YankeeJim | August 25, 2010 at 08:14 am
429 views | 7 Recommendations | 11 comments
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As I wrote in my book, Smart Data, Enterprise Performance Optimization Strategy © 2010 James A. George and James A. Rodger, Wiley Publishing, the US government is very poorly managed. Departments and systems roll along under regulations and management approach that fails to keep pace with and tabs on performance. Every time I read a story like this one it proves my point. The stimulus package has been around for a little more than a year and the government can’t estimate the price tag within a 9% margin of error.
The US Government needs a Government Enterprise Performance Optimization System that serves as the control center (cockpit) for the President and Department heads. There are no excuses for imprecise government management and this problem begins in Congress.
“Stimulus Price Tag Rises To $814B
By Julie Hirschfeld Davis, Associated Press Writer
Manufacturing.Net - August 25, 2010WASHINGTON (AP) -- President Barack Obama's massive stimulus measure has created or saved as many as 3.3 million jobs and continues to boost economic growth in the second half of 2010, but it's come at a higher pricetag than originally billed.
Congressional analysts released new figures Tuesday estimating that the law enacted in January of 2009 -- then projected to cost $787 billion over a decade -- would cost $814 billion. That's still lower than the Congressional Budget Office estimated in January, when it said the measure would cost $862 billion.
The report comes 10 weeks before midterm congressional elections in which Republicans are hammering Democrats and Obama on the economy, charging they've pushed runaway spending without creating promised jobs.
The analysis credits the stimulus measure with increasing the number of people employed somewhere between 1.4 million and 3.3 million jobs between April and June -- and boosting the gross domestic product by as much as 4.5 percent. The figures are slightly less rosy than the picture Obama's economic advisers painted last month, when they said the stimulus law had "raised employment by 2.5-to-3.6 million relative to what it otherwise would have been" during that period.
In May, the nonpartisan office estimated the law had created or saved between 1.2 million and 2.8 million jobs during the first three months of the year, and increased GDP by up to 4.2 percent.
The measure has lowered unemployment as much as 1.8 percent in the second quarter of the year, according to the report.”
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YankeeJim
Arlington, Virginia, United States
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t k kidwai
Lucknow, India
Rory Cripps
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pankaj kumar
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Most RecentMost Recommended Comments (11)
at 08:27 on August 25th, 2010
Slippery numbers and sloppy accounting.
at 08:29 on August 25th, 2010
Government is trying to save the job but jobless is at record high,housing market but housing is still falling home rates are yet to be stabilized,GDP is not picking up ,analysts are sensing double dip.US Government have tried socialistic pills by using the taxpayers money to bailout the real culprit of the crisis....
at 10:31 on August 25th, 2010
You grasp it. Only the private sector can increase GDP.
at 12:10 on August 25th, 2010
Oh like I haven't already said that fifteen times in the past ten years... How many books you sell? Never mind.. Keep it quiet. Better to anticipate than to expel the information all at once. I mean look heres what I think. EVERYONE IN THE WORLD ALREADY KNOWS THIS... Tell me something I don't know and I'll keep you up for days!
at 12:13 on August 25th, 2010
Besides you're not James A. Rodger or James A. George why you saying you are? Your name is Yankee Jim!!!
at 13:04 on August 25th, 2010
I'll make it easy for you.
http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470473258.html
http://www.jagpr.net
If you want to read it, I will be glad to provide a pdf copy for you.
at 12:17 on August 25th, 2010
What is there in a name?
at 12:25 on August 25th, 2010
Well, there used be a James A Rodger in Virginia Beach but now there is only James R Rodger in New Hampshire ahh no worries I'm on it...
at 05:19 on August 26th, 2010
Ask Lauren Murphy.
at 12:51 on August 25th, 2010
YJ.It was private sector which was bailed out.The major beneficiaries were Wall Street gamblers.The seven beneficiaries City Group,Bank of America,American Insurance Group and Chrysler have had to cut down salaries of their top executives by 90 percent.
The question which remains unanswered is:even after injection of trillions of $s why banking industry has failed to unfreeze lending?Where the money has gone?If gone,to whom?Was this taxpayers money pumped into technically failed banks to put them on life support system?The government has lost control,bailout packages have not provided any relief to business or consumers.If banks and brokerage houses lack transparency,we shouldn't expect any changes in the system which thrives on fraudulent means and survives on taxpayers money.
at 13:43 on August 25th, 2010
Rich capitalist bankers were bailed out. I am talking about private sector businesses. The bankers are corrupt, not all businesses are.