Each Job ‘Saved or Created’ by the Stimulus Cost taxpayers $278,000 (So Far)

Jeffrey Anderson at the Weekly Standard pointed out, the White House releasing a fiscal report on the Friday before a long holiday weekend can only mean one thing: There’s not much good news in it for the White House, and, ergo, taxpayers. Such is the case with the White House Council of Economic Advisors’ seventh quarterly report on the impact of the “stimulus”:

The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.
In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

Mind you these are Obama’s own economists, so the report is like an employee’s performance evaluation that was filled out by the employee. The absolute truth is probably much more bleak.
Over ten years, the CBO says the stimulus will raise the federal deficit $830 billion — $43 billion more than originally estimated.
Which brings us to President Obama’s weekly address:

Now, it would be nice if we could keep every tax break, but we can’t afford them. Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help — then we’ll have to make even deeper cuts somewhere else. We’ve got to say to a student, ‘You don’t get a college scholarship.’ We have to say to a medical researcher, ‘You can’t do that cancer research.’ We might have to tell seniors, ‘You have to pay more for Medicare.’

Or how about we say to the White House, “You don’t get to spend the remaining $164 billion earmarked for a ‘stimulus’ that is clearly a failure.”

To steal a line from a military recruiting campaign years ago, “it’s a great place to start” — but unfortunately the painfully obvious options never seem to be on the table.
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SHOVEL READY STIMULUS SPENDING WAS JUST A JOKE TO IDIOT OBAMA

Here's what Obama felt about the wasted stimulus money that was to 'kick-start' the economy, keep unemployment below 8% and prevent workers from losing their homes.



 According to a report released last August by two Republican Senators, these are just a few of the questionable projects being funded with money from President Obama's $862 billion dollar economic stimulus package.


Among the projects singled out for criticism in the report:--A half million dollars for new windows at the Mt. St. Helens visitors center in Amboy, Washington. The building has been closed since 2007 and there are no immediate plans to reopen it.--$6.9 million dollars for repairs to an 1846 brick fort marooned on Dry Tortuga at the end the Florida Keys. Few people can visit this remote national park unless they hire a seaplane or take a four-hour round-trip boat ride. --Creating a museum in an abandoned train station in Glasboro, NJ, at the cost of $1.2 million.--$2 million dollars to send researchers from the California Academy of Sciences to islands in the Indian Ocean to study exotic ants.--A study of dog domestication at Cornell University with a price tag of $296-thousand dollars.--$141-thousand dollars to send students from Montana State University to China to study dinosaur eggs.--$762-thousand dollars to create interactive choreography programs at the University of North Carolina. Dancers would wear electronic monitors to analyze their movements. --$89-thousand dollars to replace sidewalks in Boynton, Oklahoma that were just replaced five years ago. One of them goes nowhere near any houses or businesses and leads directly into a ditch. Coburn and McCain claim these and other projects are misconceived and mismanaged, while creating few, if any, new jobs.

Here's the Liar-in-Chief in his own words campaigning on how the Stimulus Plan would benefit taxpayers...followed up by the real truth.



And here is a brief summary of where the money really went and how it was spent.




This idiot of a President should be impeached and jailed for perpertrating a fraud on American citizens.

Read more: http://politics.blogs.foxnews.com/2010/08/03/republicans-stimulus-money-spent-wasteful-projects#ixzz1QoLGyZBk
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A simple explanation of the jobs saved by BO's stimulus package...or how we lost more jobs with the stimulus package than had we done nothing at all.

When pushing the stimulus package, President Obama claimed that the stimulus would save 3 million jobs. How have his predictions turned out so far? This video in a very simple way compares those predictions with how the plan has worked out so far.

You can always tell when BO is lying...his lips are moving

On 11/28/2008, USA Today reported that President-elect Barack Obama outlined his plan to create 2.5 million jobs (A NUMBER HE PULLED OUT OF HIS ASS) in coming years to rebuild roads and bridges and modernize schools while developing alternative energy sources and more efficient cars. The plan created a media frenzy. So far the plan has resulted in over 1.5 million jobs... LOST.

Rush Limbaugh commented that if the very same "plan" were applied to the Bush Administration, over 35 million jobs were created. Yet there was no media commentary on this. Hmmmm...wonder why?

More Obama BS Rhetoric

HEADLINE

Obama speeds projects to create, save 600,000 jobs

Mon Jun 8, 2009 8:48am EDT
By Doug Palmer WASHINGTON (Reuters) -

President Barack Obama said on Monday he expected to create or save 600,000 jobs over the next 100 days by expediting 10 major projects funded by a huge stimulus package that Congress passed in February.
"We have a long way to go on our road to recovery, but we are going the right way," Obama said. His statement came three days after a Labor Department report showed the U.S. unemployment rate rose to 9.4 percent in May, even though the pace of monthly job losses slowed to 345,000.

"We will not grow complacent or rest. Surely and steadily, we will turn this economy around," Obama said.

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What he meant to say was: "Surely and steadily...we will burn this economy into the ground." And as for "speed" I see nothing but higher unemployment and a sinking economy to show for the $787 billion stimulus bill passed in Feb. The only speed I observed was the speed his administration and congress displayed in getting the pork-laden stimulus bill passed.