PDA

View Full Version : Obama 1 Job=$228,055. But its a good Union Job so ok....


HonestChieffan
02-24-2011, 06:20 PM
The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).

In a report released Wednesday — “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010” — the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO’s original estimate that the stimulus would cost $787 billion.

In the same report, the CBO estimated that in the fourth quarter of 2010 there were somewhere between 1.3 million and 3.5 million people who were then employed who would not have been had the stimulus not been enacted. “CBO estimates,” says the report, “that ARRA’s policies had the following effects in the fourth quarter of calendar year 2010: . . . Increased the number of people employed by between 1.3 million and 3.5 million.”

http://www.cnsnews.com/news/article/cbo-jobs-created-and-saved-stimulus-cost

FD
02-24-2011, 06:34 PM
1.3 to 3.5 million jobs created, not too bad.

HonestChieffan
02-24-2011, 06:37 PM
1.3 to 3.5 million jobs created, not too bad.

includes those wonderful 'jobs saved".....unicorns and happy glasses for everyone.....

dirk digler
02-24-2011, 06:46 PM
Heck I would help out the government and just take half

mlyonsd
02-24-2011, 06:59 PM
Heck I would help out the government and just take half

I'd hold out for collective bargaining if I were you.

blaise
02-24-2011, 09:33 PM
1.3 to 3.5 million jobs created, not too bad.

Just think, if we have like 8 more stimulus plans we'll be doing great.

HonestChieffan
02-24-2011, 09:37 PM
Just think, if we have like 8 more stimulus plans we'll be doing great.


They need to count more saved jobs.

blaise
02-24-2011, 09:41 PM
They need to count more saved jobs.

Or we can just have a census every year.

FD
02-24-2011, 09:55 PM
includes those wonderful 'jobs saved".....unicorns and happy glasses for everyone.....

Whats wrong with counting jobs saved? Workers that didn't get laid off in the recession because of the stimulus would disagree with your characterization.

HonestChieffan
02-24-2011, 10:25 PM
Whats wrong with counting jobs saved? Workers that didn't get laid off in the recession because of the stimulus would disagree with your characterization.

How do you know which job to count?

FD
02-24-2011, 10:27 PM
How do you know which job to count?

Using a macroeconomic model. Every major macroeconomic forecasting group (almost all of which are non-political, I'll point out) have come up with similar conclusions as the CBO. Its not that complicated.

whatsmynameagain
02-25-2011, 05:26 AM
Using a macroeconomic model. Every major macroeconomic forecasting group (almost all of which are non-political, I'll point out) have come up with similar conclusions as the CBO. Its not that complicated.

If its not on fox or drudge its hard to find actual facts.

chiefsnorth
02-25-2011, 05:35 AM
Is this the same accouting as before, where if someone who wasn't going to lose their job got a raise, they call that a "job saved"? Or where that city government in NJ had received $150k or so and claimed to have saved 100 jobs or whatever it was?

Royal Fanatic
02-25-2011, 07:04 AM
1.3 to 3.5 million jobs created, not too bad.

So you're fine with the government spending $228,055 for each job? You don't see a problem there?

FD
02-25-2011, 09:01 AM
Is this the same accouting as before, where if someone who wasn't going to lose their job got a raise, they call that a "job saved"? Or where that city government in NJ had received $150k or so and claimed to have saved 100 jobs or whatever it was?

No.

FD
02-25-2011, 09:04 AM
So you're fine with the government spending $228,055 for each job? You don't see a problem there?

There were also massive amounts of infrastructure improvements across the country. The money goes towards that, too, and thats worth something. Plus 40% of the stimulus was tax cuts, so that money isn't "spent" just transferred back to individuals.

Chief Henry
02-25-2011, 02:01 PM
There were also massive amounts of infrastructure improvements across the country. The money goes towards that, too, and thats worth something. Plus 40% of the stimulus was tax cuts, so that money isn't "spent" just transferred back to individuals.


:LOL:


Just think of all the roads and bridges that could have been repaired or rebuilt if each of those jobs didn't have a price tag of $228,000.00.

Stewie
02-25-2011, 02:04 PM
The reason there were so few jobs gained is because that money wasn't intended to create jobs, no matter what they tell you.