Skip to comments.NH Stimulus- $985 million for 845 jobs
Posted on 04/19/2012 5:01:31 PM PDT by Oldeconomybuyer
New Hampshire has been awarded over $1.1 million in stimulus funds for every full-time job funded under the three-year old federal spending program, according to state and federal reports. The influx of federal cash also led to the creation of 56 full-time and 26 part-time positions within New Hampshire government.
According to the federal stimulus reporting website, Recovery.org, New Hampshire has been awarded more than $985.7 million under the American Recovery and Reinvestment Act (ARRA), of which $766.5 million had been received as of December 31, 2011. According to quarterly report submitted by project recipients, ARRA has funded enough hours to fill just 845 full-time jobs since the bills passage.
The Obama Administration predicted that the stimulus package would create or save 16,000 jobs in New Hampshire alone, but soon had to abandon that metric.
(Excerpt) Read more at newhampshire.watchdog.org ...
lets see... a little over a million for each job. That’s government efficiency for you!
Sitting here shaking my head. Who on earth are the dunder-heads who think this is a good deal? Isn’t there anyone in that administration that understands money or economics?
Isn’t it apparent the government agencies in NH got along without new employees before their money bags were filled by obozo? What jobs were created for them?
I really don’t want to know - sorry!
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.