According to the CBO, Obama’s stimulus may have cost $4.1 million per job. Sure, that sounds expensive but hey, the good news is that all that stimulus money raised from the blood and sweat of hardworking Americans increased GDP by at least 0.1 percent, and lowered unemployment by at least 0.1 percent. Whoopee!
This post was last modified on January 31, 2021
View Comments (13)
Let's assume for the sake of arguement that the stimulus was 750 billion borrowed. Now if that money had been given directly to the people every man, woman, and child all 300 million of us could have recieved $2,500.00 each. Now that much cash in the hands of the public would have generated substantial growth. Which most likely would have lasted because from most reports a recovery had already started beforre he even signed that spending bill. Since the gov't bases most everything on a family of four each family would have had a cool $10,000.00, which could have saved alot of mortgages which caused the whole mess in the first place. That is assuming that people would have been responsible....but come to think of it, it was irresponsible people with mortgages they couldn't afford that caused this mess in the first place.
Don't do it, Rick. You're going to blow a gasket if you run the numbers because you'll start to see in black and white how much money was pissed away rewarding Democrat bundlers and their friends.
It's mind boggling. The greatest scam in history, dwarfing the Bernie Madoff ponzi scheme.
Now just think about how much that $4 million could have helped the American people if it had come in the form of tax cuts or credits (assuming they were going to run up the debt anyhow).
I guarantee since this CBO report doesn't show that the Democrat & Obama backed stimulus was a stunning success, Obummer will just discount it as partisan hocus-pocus and still tout his "jobs created or saved" BS as gospel, Sharpton will say the CBO is loaded with racists, and DWS will try to convince us this was a good investment "in our children's future."
If this guy wins another term, I swear I will die of a heart attack before 2016 due to the constant high blood pressure this guy causes me! Obama-mania must really be better than any drug out there because no matter how bad it gets or how much information comes out showing how much of a disaster the guy is, they still walk around all dumb and happy.
You have to remember, the actual intent of the porkulus was to reward donors and stockpile money for the election.
But, but, but..............What about all those "shovel ready jobs". I know they had them, because when I went to California I saw the signs they had made up on the side of the road! Or was making those signs the real jobs?
Somebody told me those signs went out at $6800 a copy. Good money in obama bs.
That's freakin' ridiculous!
I will grant that a few legit jobs were created making the propaganda road signs, placed everywhere, to show the masses the stimulus was "working". But most stimulus "jobs" involved dem operatives siphoning off dollars from stimulus projects for themselves and dear Leader's campaign.
You guys are right on. The dems essentially stole the money and assumed the economy would recover any way. The promise of jobs was just BS
The so called "Spendulus" was nothing more then a re-election slush fun laundry machine for the DNC. But the bastards were so greedy, the local unions soaked the cash up like a dry sponge. As far as creating any jobs, they might as well have pissed in the wind and hoped to stay dry.
This is what happens when you put a child in a president's suit, and let him play with real money....
They let him play with REAL money? I thought the stimulus spent the phony crap that the U.S. Mint prints.
The "Stimulus" was poorly-designed and never intended to create jobs. It was basically a hash of Democrat wish list programs that they were sitting on for the last couple of decades and with full control of the congress and the presidency, the Porkulus was their chance to cash in. Basically, the jerks figured the economy would recover on its own like it had after every recession since WWII and they would claim the credit - their grab bag of crap sandwiches "stimulated" it! But the morons miscalculated - this recession was NOT like every other one, it was different because of the asset deflation. Their stupidity not only didn't help, it made it worse. As the economic numbers coming out are showing, the economy may be starting on a second leg down without ever getting much of a recovery. The Porkulus will bear substantial blame for that.