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Net Job Impact of Obama Stimulus: Zero

Discussion in 'Political Debate & Discussion' started by carpro, Dec 8, 2010.

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  1. carpro

    carpro Well-Known Member
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    http://www.americanthinker.com/blog/2010/12/net_job_impact_of_stimulus_zer.html

    December 05, 2010

    Net job impact of stimulus zero, from SF Federal Reserve study
    Richard Baehr

    A study by Daniel J. Wilson of the San Francisco Federal Reserve Bank, suggests that the net job creation from the $814 billion stimulus bill passed in February, 2009, was zero by August 2010. In the first year, the stimulus "saved or created" 2 million jobs (not 4 million as repeatedly claimed by the Administration), but this number proved to be short lived, paying for temporary jobs, at a very high cost of $400,000 per job "saved or created."

    By August, 2010, the impact of the stimulus on net job creation had disappeared.
     
    #1 carpro, Dec 8, 2010
  2. Steven2006

    Steven2006 New Member

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    Something right about Oboma and the number zero.
     
    #2 Steven2006, Dec 8, 2010
  3. Salty

    Salty 20,000 Posts Club
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    But thousands were employed by the Census bureau
     
    #3 Salty, Dec 8, 2010
  4. carpro

    carpro Well-Known Member
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    Uh huh. ...and the rest of the story...


     
    #4 carpro, Dec 8, 2010
  5. FR7 Baptist

    FR7 Baptist Active Member

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    The Census Bureau got some stimulus money, but that wasn't used for most Census positions. I think they got some money for the Partnership program and for advertising, but other than that Census money was separately appropriated.
     
    #5 FR7 Baptist, Dec 8, 2010
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