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nom=de=plume nom=de=plume is offline
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First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
Default obama's stimulus works at creating jobs

"Canuck57" wrote in message
...
On 19/02/2010 9:41 PM, bpuharic wrote:
http://www.nytimes.com/2010/02/17/bu...nhardt.html?hp

Just look at the outside evaluations of the stimulus. Perhaps the
best-known economic research firms are IHS Global Insight,
Macroeconomic Advisers and Moody’s Economy.com. They all estimate that
the bill has added 1.6 million to 1.8 million jobs so far and that its
ultimate impact will be roughly 2.5 million jobs. The Congressional
Budget Office, an independent agency, considers these estimates to be
conservative.

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this is after the recent USAtoday interview of 50 economists, where
the median estimate of job creation was about 1.5M jobs

seems everyone knows the stimulus is working

except the right wing


Even if it were say 2 million jobs, that is about $1 million per job on a
$2 trillion debt-spending spree.

Like usually, not very cost effective no mater how you look at it.

But if they balanced the governemnts pending, and say eliminated 50% or
more of fedeal income tax, bet the jobs would be created coat to coast was
the people would actually keep more of their own money and it will not
"disappear" or be skimmed by the government.

On a dollar cost basis, at best Obamanomics is a dismal monumentus
failure.



Fortunately for you, it doesn't matter, since you're not an American and you
hate our country.

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Nom=de=Plume