It’s Official: Obama’s Stinkulus Package Was the Most Expensive Pile of Crap in History

 Yeah, just like everything the little commie Obama does, it’s freakin’ historic:


Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job
The stimulus is now causing the economy to shed jobs.
Jeffrey H. AndersonThe Weekly Standard

When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

Furthermore, the council reports that, as of two quarters ago, the “stimulus” had added or saved just under 2.7 million jobs — or 288,000 more than it has now.  In other words, over the past six months, the economy would have added or saved more jobs without the “stimulus” than it has with it. In comparison to how things would otherwise have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs.

Explore posts in the same categories: politics

4 Comments on “It’s Official: Obama’s Stinkulus Package Was the Most Expensive Pile of Crap in History”


  1. Too bad they couldnt photo shop obamas pic over the ‘dad’s face while serving a big plate of s***

  2. Big Frank Says:

    The entire scamulus plan was to buy our ‘Dear Leader’ 4 more years in office with our money. He sprinkled the cash around on wall st. to his union buddies, and to key states with the most ‘blind loyalties’ to the DemocRAT party.

  3. Auto Says:

    What a frankly incredible piece

  4. pembuat web online shop Says:

    This might be the best piece I have read!!!


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