PDA

View Full Version : Obama Stimulus Cost figures rise again


HonestChieffan
05-30-2012, 10:04 AM
The Congressional Budget Office in a new report:
Any confusion over why Obamas team is on full deflection its things like this. His record as it is focused on by Romney will be an anchor that Obama cannot get free from. Whats more, as they try to spin and respin, the facts keep making them look worse and more desperate.


http://blog.american.com/2012/05/cbo-obama-stimulus-may-have-cost-as-much-as-4-1-million-a-job/

When [the American Recovery and Reinvestment Act] was being considered, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation estimated that it would increase budget deficits by $787 billion between fiscal years 2009 and 2019. CBO now estimates that the total impact over the 20092019 period will amount to about $831 billion. [...]

They increased the number of people employed by between 0.2 million and 1.5 million,

They increased the number of full-time-equivalent jobs by 0.3 million to 1.9 million. (Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers.)

OK, so without the stimulus, there would be anywhere from 200,000 to 1.5 million fewer people employed right now? That means the current cost-per-job created is somewhere between $4.1 million and $540,000.

Ace Gunner
05-30-2012, 10:36 AM
and you just proved part of my point in the other thread -- the gov't has control of income by way of creating extremely toxic "free" market within it's boundaries.

they are destroying your country as a means of replacing the USC with a corporate dictatorship. corporatism. study it.

HonestChieffan
05-30-2012, 10:44 AM
Its the badly implemented approaches to explaining Obama's failures that never seem to slow down.

This is a real gem...http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/obama-camp-country-prospering-green-jobs/569731

Obama Deputy Dampaign Manager Stephanie Cutter defended President Obama’s investment in green energy companies like Solyndra, and said that because of his investments, the “country was prospering.”

“Politics did not play any role and thats a known fact,” she said about the investment in Solyndra, adding that president was “not picking winners or losers” but making “strategic investments” for the country “on behalf of the American people.”

“The president was making investments for the country, because he’s not going to cede an entire industry to China and India,” Cutter said. “And as a result the company — country is prospering.”