Study: Obama's Stimulus Cost 595,000 Jobs

Investor's Business Daily ^ | 5/17/2011 | David Hogberg

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New economics research suggests that President Obama's stimulus plan may have destroyed or forestalled employment, including more than 1 million private-sector jobs.

Economists Timothy Conley, University of Western Ontario, and Bill Dupor of Ohio State University found that the stimulus resulted in a net loss of 595,000 jobs from April 2009 to September 2010.

That counters research by the Congressional Budget Office, the Council of Economic Advisors, and many other economists.

[mgstarr]

That counters research by the Congressional Budget Office, the Council of Economic Advisors, and many other economists.

Economists entirely dependent upon government spending and patronage. Not exactly unbiased.

[Don Corleone]

Hmmmm! Lets see..is employment up or down since Obama’s immaculation?

[BenLurkin]

bttt

[Carley]

Following in FDR’s footsteps

[silverleaf]

“Economists Timothy Conley, University of Western Ontario, and Bill Dupor of Ohio State University found that the stimulus resulted in a net loss of 595,000 jobs from April 2009 to September 2010”

EPIC FAIL

[hellbender]

Their paper shows the stimulus created or saved 443,000 government jobs and 92,000 non-HELP service jobs. But it destroyed or forestalled 772,000 HELP jobs and 362,000 goods-producing positions. That's a net loss of 1.042 million private jobs.

I.e. the stimulus accelerated the conversion of the U.S. to a govt.-dominated economy. Hardly an accident.

[jimfree]

The CEA acted as advocates. The CBO is a team of highly skilled and accurate sock puppets - they respond very precisely to the data and the assumptions that are assigned to them.

[Oldeconomybuyer]

[Qbert]

Bump