Remember the promises “projections” for Obama’s $787 billion stimulus package?
- 3 to 4 million jobs “created” by the of 2010
- 90 percent of the jobs “created” would be in the private sector.
- Manufacturing and construction are “likely to experience particularly strong job growth
- Move people from part-time to full-time employment
- 3.7 percent growth in GDP
What a difference 18 months and reality make.
- Unemployment is at 9.5 percent and “broader unemployment” stands at 16.5 percent
- 2.6 million private sector jobs lost
- 400,000 public sector jobs gained
- Growth is slow, with some fearing a “double dip” recession
So where do Obama and his stimulus cheerleaders, including the New York Times, get the nerve to say:
White House economists praised the government’s $787 billion stimulus program as a success on Wednesday, saying it had saved or created 2.5 million to 3.6 million jobs since it was signed a year ago.
MAD decided to do the math. Using our Big Red Calculator, we divided $787,000,000 by 3,600,000 (we gave them the benefit of the doubt), and found that taxpayers shelled out $218,611.11 for every job “saved or created.”
No wonder our national debt is over $13 trillion.
[...] Obama and stimulus package supporters are using your money to buy great big signs that promote the money they have spent on [...]
July 15th, 2010 at 1:09 pm