{"id":39725,"date":"2013-08-25T22:00:45","date_gmt":"2013-08-25T22:00:45","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ny_times_gretchen_morgenson-new_jobs_if_only_it_were_true\/"},"modified":"2013-08-25T22:00:45","modified_gmt":"2013-08-25T22:00:45","slug":"ny_times_gretchen_morgenson-new_jobs_if_only_it_were_true","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=39725","title":{"rendered":"(NY Times) Gretchen Morgenson&#8211;New Jobs! If Only It Were True"},"content":{"rendered":"<p>A current success story on the agency\u2019s Web site is that of Carolina AAC, a company that received $10.4 million in late 2010 to build a concrete manufacturing plant in Bennettsville, S.C.<\/p>\n<p>\u201cThis project will create approximately 197 new jobs in Marlboro County,\u201d\u009d the Agriculture Department\u2019s Web site says. Such a figure would make Carolina AAC the program\u2019s third-largest borrower in terms of jobs created.<\/p>\n<p>But Carolina AAC said in a January 2011 news release that only 36 jobs would be created at the project. And even that has not come to pass. Currently, 10 people work at the company, according to Charles Paterno, its managing member. Troubling for taxpayers is that the government backs 90 percent of the loans and they are in liquidation.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2013\/08\/25\/business\/new-jobs-if-only-it-were-true.html?src=rechp\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A current success story on the agency\u2019s Web site is that of Carolina AAC, a company that received $10.4 million in late 2010 to build a concrete manufacturing plant in Bennettsville, S.C. \u201cThis project will create approximately 197 new jobs<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=39725\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,597,596,584],"tags":[],"class_list":["post-39725","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-laborlabor-unionslabor-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/39725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39725"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/39725\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}