2.6 million jobs lost in that period of time Unemployment 9.0% now, 8.2% then $867 billion added to the deficit and debt Yippee!
"The nonpartisan Congressional Budget Office said in late 2009 the stimulus "lowered the unemployment rate by between 0.3 and 0.9 percentage points and increased the number of people employed by between 600,000 and 1.6 million compared with what those values would have been otherwise."" link
$867 billion for 1.6 million jobs, at best. That works out to $541,000 per job "saved", or whatever the metric the CBO used to calculate their number. Notice how nobody in the administration is celebrating the 2-year anniversary of this historic and unprecedented spending bill that save us from a Depression? I noticed...
I'd bet if he was given a few million in stimulus cash (vice some of the other beneficiaries) he could've hired a few people. Let's see...figure 10/hr, 2080 hrs for full-time yearly, add in 30% for taxes and benefits, you're looking around 30k/yr for some deli workers. For a million, you could get 33 man-years of work. Make it happen, stimulus fairy!
Transportation Secretary Ray LaHood said: "The stimulus plan worked. I don't care what anybody says, I don't care what anybody has written. We ought to be mighty proud of it." The White House cites data by the non-partisan Congressional Budget Office as saying that the stimulus plan is responsible for as many as 3.6 million jobs and for reducing the unemployment rate by two percent. link That 1.6 Million jobs was an estimate in 2009. 3.6 Million is what the Congressional Budget Office is saying today.
Not a single Democrat brought up the stimulus bill today until they were asked about it by the media. Also, you do know how the CBO arrives at its data, right?
