The Friday before July 4th weekend would be the ideal time to release this little tidbit. Obama’s own, hand picked Council of Economic Advisors announced that Obama’s “stimulus” cost the tax payer $278,000 for every job allegedly “created or saved”.
If you believe that “stimulus” created or “saved” just under 2.4 million jobs, it did so at a cost of $666 billion to the rest of us.
Fox Business Network’s Eric Bolling says another estimate put the cost at $1.4 millionper job created or “saved”. That’s a lot of shekels for part time, temporary census workers.
It gets worse. As of two quarters ago, the “stimulus” had added or “saved” 288,000 more jobs than it has now. Thus, we would have added or “saved” more jobs without stimulus.
Obama’s brilliant stimulus plan is not only costing us an obscene amount of money, it’s works backwards.