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.Tags: Barack Obama, Economy, jobs, Stimulus