Obama’s “Stimulus” Jobs Have Cost Over $4 Million Each

And that’s only if we credit all of the jobs that have been created under Obama to the “stimulus” spending:

After the U.S. lost 8.36 million jobs over a two year period from December of 2007 through December of 2009, our economy has recovered 1.12 million jobs as a result of the Federal Reserve and U.S. government spending $4.6 trillion on bailouts and stimulus programs. That is over $4 million spent for each job created. Instead of bailing out Wall Street and allowing non-productive bankers to receive record bonuses, the U.S. could have sent a check for $550,000 to each middle-class American who lost their job.

You would think, at this point, the utter failure of the “stimulus” spending would have destroyed the notion that the government can grow the economy through spending. And yet, the proponents of such policies persist blaming, as socialists always do, things like imperfect application of the policy or an insufficient level of spending.

But the simple fact remains: The government cannot spend without first taking away.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • $8194357

    pretty expensive shovel ready infrustructure you got there bambi. streets paved in gold this side of heaven perhaps?

  • Dakota
    • 2hotel9

      Why are you afraid of reality, duhkota?

    • http://flamemeister.com flamemeister

      I’m afraid to suckered into yet another erroneous, irrelevant link by a lying Liberal. So far about 10 for 10 pure BS.

    • sbark
    • Brent

      Zandi is a joke. The man can’t reason his way through a wet paper bag — as shown by the fact that he gets every prediction ever made dead wrong.

      http://mises.org/daily/4665

      • 2hotel9

        Oh! Is that more sh*t spew from Karl Zandi:The Perennial Economic Moron. No wonder duhkota seems to be a mental retard, look who she is getting her “information” from. HAHAHAHAHAHAHAHAHAHAHA!!!!!!!

    • http://sayanythingblog.com Rob

      I’m not afraid to read it. I’m wondering why you’re incapable of articulating your own arguments.

  • DopeyDem

    Has anyone actually come forward and said they have a full time real job because of the Stimulus? All the ones I’ve seen are part time and summer jobs.

  • mickey_moussaoui

    We all would of been further ahead if Obumbles had divided up the stimulus evenly and given each of us an equal share. They could of taxed it and we could of spent it, stimulating the economy.

    Oh well, stop making sense

    • http://flamemeister.com flamemeister

      This was, indeed, suggested by many but, as you indicate, it’s major flaw was that it made sense. Another major flaw was that it would take away government control, which is what it was all about.

  • mickey_moussaoui

    We all would of been further ahead if government had divided up the stimulus evenly and given each of us an equal share. They could of taxed it and we could of spent it, stimulating the economy.

    Oh well, stop making sense

  • Dakotacyr

    I suppose you forgot about that part of the stimulus that said create or RETAIN jobs. Ask the governors or the nation’s mayor’s or the businesses think it helped.

    • mikemc1970

      We aren’t talking about public sector jobs, we’re talking about private sector jobs, you know things that aren’t a drain on the deficit, but things that actually bring the unemployment rate down rather than up. Yes the local government bailouts, in the stimulus, kept more public sector employees on the payroll than local governments couldn’t actually afford.

    • 2hotel9

      duhkota keeps screeching the same lie, no facts, no connection to reality, just lies and sh*t spew. Typical anti-American a$$hole.

    • http://sayanythingblog.com Rob

      Well the problem with the “jobs created or saved” canard is that a) it’s an unprovable claim and b) we’re actually well above in terms of unemployment rate where Obama said we’d be even without the stimulus:

      http://tinypic.com/r/2rf8ok0/7

      The stimulus is a failure.

      • Dakota

        It’s that part of the law you refuse to recognize!

        • 2hotel9

          Still no proof or facts duhkota. Thats typical, just keep screeching lies and spewing sh*t.

        • http://sayanythingblog.com Rob

          Even if I stipulated to the absurd “created of saved” metric, the point is that we’re at a higher rate of unemployment than Obama projected even without the stimulus spending.

          Even by your selective, politically convenient metrics the stimulus has been a failure.

          • Bat One

            That higher rate o unemployment that we are enjoying does not include those who are “underemployed” in parttime work out of necessity, or those who have simply given up looking for work. The country’s real rate of unemployment is roughly 16%, and Zandi is a credentialed idiot whose only positive contribution is that he’s not Paul Krugman.

  • John

    Hummm, sounds like the Centers for Excellence government funded jobs on a per capita basis.

    • http://sayanythingblog.com Rob

      Well said, Obamanomics aren’t all that different than Hoevennomics.

  • http://sayanythingblog.com Mountainmouth

    So this is how Sheriff Joe Biden is looking out for us –

    Complete and utter failure by the Democrats and this Administration.

    Hope and Change – Change it back, Repeal/Recall Obama (and the TOTUS too)

  • SigFan

    Can I have a $4 million job? Just for one year. Then I’ll retire to the Bahamas, honest.

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