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.

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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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