Reverse Stimulus

www.joytiz.com ^ | 7/5/11 | Joy Tiz

[jazminerose]

The Friday before July 4th weekend would be the ideal time to release this little tidbit. Obama’s own, hand picked Council of Economic Advisors announced that Obama’s “stimulus” cost the tax payer $278,000 for every job allegedly “created or saved”.

If you believe that “stimulus” created or “saved” just under 2.4 million jobs, it did so at a cost of $666 billion to the rest of us.

Fox Business Network’s Eric Bolling says another estimate put the cost at $1.4 millionper job created or “saved”. That’s a lot of shekels for part time, temporary census workers.

It gets worse. As of two quarters ago, the “stimulus” had added or “saved” 288,000 more jobs than it has now. Thus, we would have added or “saved” more jobs without stimulus.

Obama’s brilliant stimulus plan is not only costing us an obscene amount of money, it’s now working backwards.

[jazminerose]

Links:

http://www.weeklystandard.com/blogs/obama-s-economists-stimulus-has-cost-278000-job_576014.html

[Pearls Before Swine]

Aside from the simple cost of these jobs (money spent/jobs supposedly created or saved), does anyone ever ask, “For how long?”

Are these jobs permanent, or is the money gone, and the jobs supposedly created about to be as well?

[Tanniker Smith]

it did so at a cost of $666 billion

Appropriate number for that crowd.

[DannyTN]

Stimulus plans that build needed infrastructure and do things that need to be done can work.

The problem was that Obama's stimulus plans wasted the money.

• The cost per job was way too high.
• They fed pork projects to their friends instead of building needed infrastructure.
• When they did build infrastructure such as roads, they were working against the need for such infrastructure by driving fuel prices through the roof.
• They threw money at green energy projects without any justification that the projects had a reasonable chance of being viable.
• And they added government employees into programs that would have to be funded more in the future beyond the stimulus.

[DannyTN]

Had they used the funds to build nuclear plants, we could be enjoying much lower energy costs and that would be boosting the economy.

[DannyTN]

If the stimulus plan had put people to work doing something useful for a reasonable cost, then it would have cut the unemployment, food stamps, medicaid expenses, and even foreclosures. There would probably would have even been fewer people applying for social security disability too.

And probably 25% of dollars spent on salaries would flow back to the Federal Gov’t in the form of SSA, Medicare, and Federal Income taxes anyway, reducing the ultimate cost.

I’m not saying Obama’s stimulus wasn’t wasteful garbage, I’m just saying that if we had responsible people in office a smart stimulus plan could have worked.