GOP slams Obama stimulus as ineffective

Full Story at CNN.com

They criticized the White House for referring to the number of “jobs created or saved” by the $787 billion package — a metric, they claimed, that is impossible to verify.

The White House Office of Management and Budget defended the plan, arguing that every federal dollar spent has, by definition, helped to ease the pain of the worst economic crisis since the Great Depression.

The Republican and Democratic leaders traded their arguments during a contentious hearing before the House Oversight and Government Reform Committee.

“In selling the stimulus package, the administration promised the American people that [the] legislation would create or save 3.5 million jobs and prevent the U.S. unemployment rate from rising above 8 percent,” said Rep. Darrell Issa, R-California.