“Stimulus” Spending Spree Has Done Almost Nothing To Create Construction Jobs
When Obama and his fellow liberals were busy pushing the $787 billion in “stimulus” deficit spending through Congress they told us that the spending would “put America back to work.” They said that the “shovels” would “hit the ground” on infrastructure and construction projects around the country.
So has that happened? Not really, according to an analysis from Construction Software Advice:
We downloaded the state summaries from Recovery.org; sorted the project activity codes by the North American Industry Classification System (NAICS) construction industry definition (23); and compiled those construction project numbers.
According to the data released on October 30th by Recovery.gov, the ARRA has created or saved 76,214 construction jobs across the nation at a total cost of $15.8 billion since the bill was signed into law.
That’s $222,491 per construction job.
What effect do those numbers have on overall employment in construction?
Not much of one per this graph:
$222,491 per job is hardly an efficient way to stimulate economic growth. And when you consider that all the money the government has spent on “stimulus” has to be paid back by the taxpayers, with interest, you see that there’s really no “stimulus” here at all.
