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obama's stimulus works at creating jobs
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. ------------ 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. |
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