Stimulus Cost $278,000 Per Job Created

Discussion in 'Politics' started by pspr, Jul 3, 2011.

  1. pspr



    The White House’s Council of Economic Advisors reports that, as of two quarters ago, the “stimulus” had added or saved just under 2.7 million jobs — or 288,000 more than it has now. In other words, over the past six months, the economy would have added or saved more jobs without the “stimulus” than it has with it. In comparison to how things would otherwise have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs.

    This is the verdict of Obama’s own Council of Economic Advisors, which is about as much of a home-field ruling as anyone could ever ask for. In truth, it’s quite possible that by borrowing an amount greater than the regular defense budget or the annual cost of Medicare, and then spending it mostly on Democratic constituencies rather than in a manner genuinely designed to stimulate the economy, Obama’s “stimulus” has actually undermined the economy’s recovery — while leaving us (thus far) $666 billion deeper in debt.

    Doesn't this crap just piss you off?
  2. It's all to be expected in this "Age of Stupidity".
  3. rc8222


    Don't you just love that??? Oduma's own economists admit that the stimulus costs $278,000 per job!!! Change we can all believe in!!!
  4. That's why the guy in the other thread about another "homeowner bailout" was correct when he implied that 90% of whatever further aid will be taken away via maintenance and administrative costs.

    Our economy is essentially just a gigantic skimming operation. An asset economy that just slices and dices fees on top of fees.
  5. Buying votes is not cheap these days.
  6. navistar got tax breaks worth $64,000 pr job in illinois, this playing one state off of another cost american states from 50-70 billion bucks. I guess its like a game of musical chairs, when the music stops you better find a seat or your s.o.l.
  7. as678


    May not be cheap but it sure looks easy.