I’ll take that check, please

From the WeeklyStandard.com:

When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

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8 responses to “I’ll take that check, please

  • Bob Mack

    Hey, this is Obama and the Democrats we’re talking about…did anyone seriously think they were worrying about jobs? Remember, these people are socialists, whether they come out & admit it or not. The only jobs they’re interested in are 1) their own and 2) those provided by the government. The more people dependent on #2, the more secure is #1.

  • I’ll take that check, please (via Diary of a Mad Conservative) | YOU DECIDE

    […] I’ll take that check, please (via Diary of a Mad Conservative) Posted on July 5, 2011 by wdednh From the WeeklyStandard.com: When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate … Read More […]

  • wdednh

    Good One Roxy, God bless you!

  • I’ll take that check, please « Diary of a Mad Conservative « Lorinov's Blog

    […] I’ll take that check, please « Diary of a Mad Conservative. […]

  • roblorinov

    Start drilling domestic oil…start working on restoring our infrastructure and put people to work. No? Then write a $100,000 check to every taxpayer citizen. We still save money. Obama is a complete moron and/or he’s advised by complete morons. Sorry for the short response roxy but I’ve got to fire off an email the White House telling them I’ll be waiting for my stimulus check 🙂

  • Conservatives on Fire

    $278,000 per job. Wow, what a bagin. These polticians should go into business for themselves. I’m sure they would all be resounding successes. Sigh!

  • Righthook38

    My boyfriend suggested something similar a long time ago. Give everyone over 65 a payout to retire. This would open up jobs for other people, help the economy and eliminate our high unemployment. And it wouldn’t cost any more than we’ve spent on the stimulus plans. We definitely couldn’t be any worse off than we are now!

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