Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Stimulus funds nearly 600,000 jobs last quarter (Then why is unemployment still above 10%?)
CNN ^ | 1/31/2010 | CNN

Posted on 01/31/2010 4:44:52 AM PST by tobyhill

The White House's massive stimulus plan funded 599,108 jobs in the fourth quarter, administration officials said Saturday.

The figure, based on about 160,000 reports from state, local and corporate recipients, is the second concrete look at the impact of the federal American Recovery and Reinvestment Act. These recipients have been allocated $199.4 billion in spending and received $57.9 billion.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: bhoeconomy; bhostimulus

1 posted on 01/31/2010 4:44:52 AM PST by tobyhill
[ Post Reply | Private Reply | View Replies]

To: tobyhill

Even if those numbers are accurate...just what happens to those jobs when the money runs out and the economy is still in the tank?


2 posted on 01/31/2010 4:46:17 AM PST by mainepatsfan
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Hsnt it been worked out that these few jobs being stimulated are costing a couple of hundred thousand apiece?

How is that helping?


3 posted on 01/31/2010 4:46:37 AM PST by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: mainepatsfan

Starvation for those who do not bow down and worship obama.


4 posted on 01/31/2010 4:48:51 AM PST by sport
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

This is laughable and predictable. It shows people what lengths the low-life media whores will go to in order to build up the incompetent fool they helped put into office. Only problem is facts get in the way with so many people suffering.


5 posted on 01/31/2010 4:48:56 AM PST by bushfamfan (United States of America: July 4, 1776-November 4, 2008)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mainepatsfan

To further expand on your point, how many of those jobs are already complete. The last time they tried this little game, it turned out that some people only had a job for a day or week but they were still counted as though they were permanent jobs.


6 posted on 01/31/2010 4:52:10 AM PST by mazda77 (Rubio for US Senate - West FL22nd - Dockery for Gov. - JD Hayworth - US Senate)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Venturer

It comes out to $96,000 per person. If that money would have gone back to the private sector in tax cuts or tax refunds then for every job that the feds funded for one project a private sector company could have created 2 jobs for at least a year.


7 posted on 01/31/2010 4:52:20 AM PST by tobyhill
[ Post Reply | Private Reply | To 3 | View Replies]

To: bushfamfan
Only problem is facts get in the way with so many people suffering.

Yup. As long as the unemployment number remains where it is the White House and MSM can make all the claims they want and it won't matter. It's like a coach claiming a team is improving even though they haven't won a game all year.

8 posted on 01/31/2010 4:52:39 AM PST by mainepatsfan
[ Post Reply | Private Reply | To 5 | View Replies]

To: tobyhill

What jobs were saved? Government jobs at various levels - until the money runs out. A few construction jobs repairing infrastructure - but what happens when the jobs are complete?
I haven’t heard of jobs being saved/created that actually produce a product or contribute to GNP.


9 posted on 01/31/2010 4:53:48 AM PST by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

“It does not tally jobs created indirectly through companies buying supplies for stimulus projects, people spending their tax cuts, increased unemployment benefits and the like.”
Spending my tax cut? Spending increased unemployment benefits? Not like unemployment benefits pay for a few nights out a month. I know my taxes were not cut. This article is a real reach. Talk about grasping at straws.


10 posted on 01/31/2010 4:54:18 AM PST by wiggen (Never in the history of our great country have the people had less representation than they do today)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mazda77

Another trick I’ve personally seen them try is to fund a tiny fraction of a project and yet claim credit for all the jobs on the entire thing.


11 posted on 01/31/2010 4:54:32 AM PST by mainepatsfan
[ Post Reply | Private Reply | To 6 | View Replies]

To: R. Scott

Yes. They can hire or not fire stuffing people into jobs at the federal level which is a bloated anchor around the economy as it is but creating productive jobs that add to GDP,that spin off more jobs,that stir demand seem far beyond the Kenyans abilities.


12 posted on 01/31/2010 4:57:49 AM PST by wiggen (Never in the history of our great country have the people had less representation than they do today)
[ Post Reply | Private Reply | To 9 | View Replies]

To: tobyhill

Taxpayer funded jobs are a net loss no matter how you look at it. There’s just no way around it unless those employed by the taxpayer are paying more in taxes than they earn.


13 posted on 01/31/2010 4:58:17 AM PST by cripplecreek (Seniors, the new shovel ready project under socialized medicine.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wiggen

We have to remember that his main concern is not our country, but how will the headlines spin.


14 posted on 01/31/2010 5:02:18 AM PST by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
[ Post Reply | Private Reply | To 12 | View Replies]

To: tobyhill

I have a bridge for sale an it goes over the rainbow ...;(


15 posted on 01/31/2010 5:02:42 AM PST by Tigen (I shall raise you one .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

CNN is a White House PR firm. Don’t believe anything you see on it.


16 posted on 01/31/2010 5:04:53 AM PST by kjo
[ Post Reply | Private Reply | To 1 | View Replies]

To: cripplecreek
We’re paying for it alright or at least putting it on our giant government credit card.
17 posted on 01/31/2010 5:05:33 AM PST by tobyhill
[ Post Reply | Private Reply | To 13 | View Replies]

To: tobyhill

Figures lie, and liars figure.


18 posted on 01/31/2010 5:10:25 AM PST by tgusa (Gun control: deep breath, sight alignment, squeeze the trigger ....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: R. Scott
And that’s just it. Most of the jobs “saved” are public sector jobs. I’d love to see the breakdown public to private. Even private sector jobs created tend to be temporary like sub contracted transportation and construction projects. My take is that if they are “giving stimulus” monies to either state or local governments they are counting all of the workers these two entities employ and then saying that as a result of their actions they were “saved.” They are betting that eventually the economy will improve enough before the “stimulus” runs out to provide the additional tax revenues needed to sustain this employment. If they’re wrong, watch out.
19 posted on 01/31/2010 5:10:49 AM PST by RU88 (Bow to no man)
[ Post Reply | Private Reply | To 9 | View Replies]

To: tobyhill

The same with Obozo’s plan for student loans. He wants to forgive the debt after 10 years and give the student tax breaks if he or she choses a job in “public service”.

Its like some kind of magical fantasy land were we fart pixie dust that powers windmills.


20 posted on 01/31/2010 5:19:33 AM PST by cripplecreek (Seniors, the new shovel ready project under socialized medicine.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: RU88
All we need to return to prosperity is to hire small boys with bricks to break all the shop windows.
21 posted on 01/31/2010 5:20:47 AM PST by Lonesome in Massachussets (Don't blame me, I'm from Massachusetts)
[ Post Reply | Private Reply | To 19 | View Replies]

To: tobyhill

Such efficiency! By their own figures they’ve spent $96,643 and allocated $332,828 for each job “funded.” What they’ve already spent can’t even include an entire year’s salary and benefits as we’ve only had a year of Porkulus and they didn’t “fund” all those jobs right away.


22 posted on 01/31/2010 5:27:25 AM PST by Fetid Facts
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

More LIES, more FRAUD, more BULL$HIT.


23 posted on 01/31/2010 5:40:33 AM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Most of the jobs are “saved” jobs. This means government ee’s at all levels.


24 posted on 01/31/2010 5:46:27 AM PST by screaminsunshine
[ Post Reply | Private Reply | To 1 | View Replies]

To: screaminsunshine
How many of these jobs didn't exit before the stimulus?

Very few I bet.

25 posted on 01/31/2010 5:49:11 AM PST by AU72
[ Post Reply | Private Reply | To 24 | View Replies]

To: mainepatsfan

600,000 temporary jobs so it looks good with the numbers and the press release for today until the stimulous money runs out and thier back on the unemployment line! SMOKE AND MIRRORS, They have already called us stupid, unintelligent, morans now their calling us a##holes for believing this crap. I’M IMPATIENTLY WAITING FOR THE TSUMAMI COME NOVEMBER, becareful GOP some of you could be washed out to sea too if you read the tea leaves wrong, and so far you have. Tea anyone?


26 posted on 01/31/2010 6:06:01 AM PST by ronnie raygun (Cockblock the sock puppet in 2010)
[ Post Reply | Private Reply | To 2 | View Replies]

To: R. Scott
A few construction jobs repairing infrastructure - but what happens when the jobs are complete?

You are correct with that statement. The problem about these jobs is the second half of it. All those jobs will be gone when the work is finished and the same people will be unemployed again.

27 posted on 01/31/2010 6:07:43 AM PST by Arrowhead1952 (Hey zero, It is NOT Bush's fault anymore.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: tobyhill

How many of those “saved” jobs were for working on projects the government was going to do anyway?


28 posted on 01/31/2010 6:11:48 AM PST by yawningotter
[ Post Reply | Private Reply | To 1 | View Replies]

To: R. Scott

There is no such thing as a “saved job.” Odumbo’s outlandish claims of 600,000 saved jobs this quarter and 1.5 million or 2 million jobs saved since the stimulus began are doing exactly what he intended them to do.

Everyone is trying to determine which set of numbers are correct and whether or not most of these “saved jobs” are government jobs/temporary jobs or not.

It is all smoke and mirrors. You have a job or you don’t.

Unemployment rates can up or down - except in Odumbo’s world where unemployment can go up and, magically, so do the number of “saved jobs.”


29 posted on 01/31/2010 6:14:48 AM PST by FerociousRabbit
[ Post Reply | Private Reply | To 9 | View Replies]

To: tobyhill

What utter BS. Monday is a new month, and the Labor Department will be releasing January’s unemployment numbers on Friday. We’ve already seen anecdotal evidence that unemployment is continuing to climb, and January’s numbers will prove that.

Look for revisions to previous months as well. I don’t know what the tipping point is going to be, but we are getting close since the media has finally begun to talk about how phony these claims from the Administration are.


30 posted on 01/31/2010 6:23:01 AM PST by Bean Counter (Stout Hearts...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mainepatsfan

You’re a Lions fan?


31 posted on 01/31/2010 6:42:57 AM PST by jack1165
[ Post Reply | Private Reply | To 8 | View Replies]

To: tobyhill

Governments don’t create jobs, they destroy them. Every attempt at creating or saving jobs directly, destroys 2x as many indirectly.

All this stimulus just adds to debt and taxes, causing people to hold on to their assets. Businesses harvest cash flow by deferring maintenance on physcial assets, shelving expansion plans, etc. Individuals and businesses hoarding cash.

Big government can’t comprehend that people react inversely to big government.

More government is the problem, not the solution.


32 posted on 01/31/2010 6:51:19 AM PST by lowtaxsmallgov (This Administration has absolutely no idea how to grow an economy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill; Travis McGee

In the Soviet Union the Communists there used to say farm tractor production is up, always up, yet, the people starved. Our Communists here, Obama, et al., say jobs are saved, job are created, yet, the people starve.


33 posted on 01/31/2010 7:09:23 AM PST by CodeToad (If it weren't for physics and law enforcement I'd be unstoppable!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill; Venturer
It comes out to $96,000 per person.

I calculated the same result.

The "progressives" will argue that not only is that money keeping workers employed but the failing bridges and roads that they inherited are being repaired.

34 posted on 01/31/2010 7:12:38 AM PST by SC Swamp Fox (Aim small, miss small.)
[ Post Reply | Private Reply | To 7 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson