“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:

image

$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.

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  • http://Array sayanything-2407

    You should add a graph to show what the stimulus has grown for government jobs now.

    Growing government does not equate to private sector recovery.

  • sayanything-2407

    Third District Congressional Candidate Robin Smith today "noted the difference between the Obama Administration’s February 2009 estimation of jobs in Tennessee that would be created by the Stimulus bill passed earlier this year and the actual result of the Stimulus on job creation."She said, "The number of jobs lost in Tennessee since the President signed the Stimulus bill through September of 2009 stands at 48,000, according to the Bureau of Labor Statistics. In February, the White House projected that Tennessee would gain 70,000 jobs as a result of their unprecedented increase in government spending, a miscalculation of 118,000 jobs. Tennessee joins 49 of 50 states in reporting a loss of jobs since the bill was enacted into law with 2.7 million jobs gone nationally.“The legacy of Barack Obama’s spending spree will be broken promises and failed policy. In the eight months since Congress passed this pork package, unemployment has continued to rise and the jobs promised have not been created. Tennesseans are looking at the money flowing to the pet projects of out of touch politicians and wondering what happened to the jobs? The president and the Congress have endangered our children’s economic future to pay for liberal programs, turtle tunnels and to save mice in Nancy Pelosi’s congressional district. But there are still no new jobs for Tennesseans who value hard work and want to rely on themselves instead of the government.“As I travel around the district, I am gratified to hear the reaction to Washington’s irresponsibility in the voices of my fellow Tennesseans. Folks are returning to the conservative views of limited government and lower spending. I am committed to representing their views as we begin to repair the damage this ‘stimulus’ has done to our economy and assist small businesses, not grow government jobs. I am convinced that returning to sound fiscal policy will restore our nation to prosperity that benefits working families instead of politicians.”

    LinkConservative policies are best – not more government growth, not more pork projects for politicians, not broken promises by presidents, not lack of transparency by our elected officials, not growing government.

  • sayanything-6955

    Fridays unemployment rate cannot look good. 9.9%? 10%? Higher? No possible way it went down!

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