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♪ i see it's your birthday >> happy birthday, dear stimulus. our producer ben tinker baked this stimulus first cake, and it is a pie chart, and it is really -- >> they didn't understand how to make a pie out of a cake, so they got confused. >> well, serious topic and we have been tracking the stimulus with the money going out to projects item by item and josh levs have been doing this for weeks and we have been doing this together, but josh has been on the case. give me the big picture. a year into the stimulus bill, how is it working? >> well, two figures the total it will cost the country ...

We're looking back because it was signed into law one year ago today. happy birthday, stimulus. we tried to check back on what this administration said about it in general. here is one thing that president obama said at the time. >> i hope this investment will ignite our imagination once more, spurring new discoveries and break-throughs in science and in medicine, in energy to make our economy stronger and our nation more secure and our planet safer for our children. >> there's no doubt the stimulus money has gone to all sorts of different projects. but what so many people keep asking us is wh...

Turns ohis tshi i not going to cost taxpayers $787 billion after all. it's going to wind up costing $862 billion. $75 billion more than we knew a year ago! >> the washington times taking that tact and calling the white house out about that, saying this thing has cost way more than promised. it failed to keep unemployment below 10% mark. they said it wouldn't go above 8%. fraud, charges of waste and abuse throughout some of these programs. of course, vice president biden saying we really addressed a lot of this fraud. a lot of this abuse. we've been out and trying to make sure this money is bei...

So, a year's gone by. billions of dollars spent. lots of jobs promised. but what's the reality here? how many have been created? we're talking about jobs saved and jobs created, right? so, josh levs is on stimulus patrol. and, you know, josh, we are hearing all sorts numbers here. maybe you can sort it out for us. >> how many jobs have been created. we'll break it down. today is one year since president obama signed it into law, the massive $862 billion stimulus. and here's something he said at the time -- >> that will create or save 3.5 million jobs over the next few years. we are putting ame...

Stimulus desk. no one disputes this. the stimulus package cost taxpayers a lot of money. the price tag for the package, $862 billion. less than half of that money is in the pipe did not line. as of last month over $333 billion have been commit committed to projects or already spent. roughly a third of the total stimulus dollars are going for tax benefits, another third for contracts, grants and loans, another third to entitlement programs where many republicans look at those figures, they see a money pit of wasteful spending and giveaways to special interests. today the president fired right b...