Skip to comments.Stimulus funds nearly 600,000 jobs last quarter (Then why is unemployment still above 10%?)
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 ...
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?
Hsnt it been worked out that these few jobs being stimulated are costing a couple of hundred thousand apiece?
How is that helping?
Starvation for those who do not bow down and worship obama.
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.
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.
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.
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.
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.
“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.
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.
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.
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.
We have to remember that his main concern is not our country, but how will the headlines spin.
I have a bridge for sale an it goes over the rainbow ...;(
CNN is a White House PR firm. Don’t believe anything you see on it.
Figures lie, and liars figure.
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.
Such efficiency! By their own figures they’ve spent $96,643 and allocated $332,828 for each job “funded.” What they’ve already spent can’t even include an entire year’s salary and benefits as we’ve only had a year of Porkulus and they didn’t “fund” all those jobs right away.
More LIES, more FRAUD, more BULL$HIT.
Most of the jobs are “saved” jobs. This means government ee’s at all levels.
Very few I bet.
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?
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.
How many of those “saved” jobs were for working on projects the government was going to do anyway?
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.”
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.
You’re a Lions fan?
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.
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.
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.