Stimulus job creation numbers questioned

"'It's an open question whether or not the stimulus is a good deal for New Hampshire,' said Fred Tausch, a Nashua businessman and former Obama supporter who founded STEWARD, which stands for Save the Economy without Accumulating Record Debt, earlier this year to oppose the administration's stimulus package.

"The study, conducted by PolEcon research of Dover and unveiled Monday, said the largest portion of New Hampshire's allocation will simply replace existing state education and Medicaid spending with federal money. Because these funds do not represent new spending, the study concluded, it 'will not increase aggregate demand or stimulate job creation.'"