John Kartch

Just two months after the Congress and the White House collaborated to pass a $787-billion stimulus bill into law, its proponents are hailing it as a victory and one network has played along.

The May 11 broadcast of ABC's "World News with Charles Gibson" cited a report from the President's Council of Economic Advisors claiming the stimulus would "save or create"1.5 million jobs by the end of 2009.

"Meanwhile, a new report estimates the economic stimulus bill passed earlier this year will save or create one-and-a-half million jobs this year," Gibson said.

The problem - the jobs weren't targeted where most needed.