New Study Finds Obama’s Stinkulus Package Created and/or Saved 450,000 Government Jobs While Destroying and/or Forestalling 1,000,000 Private Sector Jobs
And it only cost the American taxpayer $787 billion!
The core findings are articulated on page 2 of the 36-page report written by economists Timothy Conley and Bill Dupor (Associate Professor of Economics at Ohio State):
“Our benchmark results suggest that the ARRA [American Recovery and Reinvestment Act] created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs. State and local government jobs were saved because ARRA funds were largely used to oset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services. This suggests the possibility that, in absence of the ARRA, many government workers (on average relatively well-educated) would have found private-sector employment had their jobs not been saved.”Explore posts in the same categories: Economics, Economy, Obama Sucks, politics