Wonder what you would find if you frisked the effectiveness of the $787 billion stimulus package?
Answer: 30,083 jobs ‘created or saved’ using $16 billion out of the $339 billion awarded.
Good job porkulus package! The Obama administration once again proves how ineffective they actually are. Last month they reported that the stimulus package has ‘created or saved’ a million jobs. The best part… They had no data supporting that claim, haha. How is that possible? Obama’s The One/The Messiah, he can say whatever he wants (true or false)! Duh! Unfortunately for the administration, new data has been released:
The first direct stimulus reports showed that stimulus contracts saved or created just 30,083 jobs, prompting more Republican criticism of the $787 billion package.
The data posted Thursday was the result of the government’s initial attempt at counting actual stimulus jobs. Obama administration officials stressed that data was partial — it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.
Hmm… Not looking good for Obama and his loyal team of liberals, but did they agree with this assessment? Haha, of course not! Besides the $16 billion, they went on to defend the other $329 billion which did not have any data:
“All signs — from private estimates to this fragmentary data — point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” said Jared Bernstein, the chief economist for Vice President Joe Biden.
Did the other $329 billion of wasted tax payer money not work as well as the initial $16 billion? I highly doubt it – why else would they not release that information!? But no worries… That doesn’t stop them from praising how well it has worked.
What a joke:
At the rate shown by this report, this comes to almost $532,000 per job “saved or created”. Extrapolating that over the entirety of the Porkulus spending, the bill would only “save or create” 1.48 million jobs, and that assumes that it actually did“save or create” those jobs in the first place.
Keep trying to defend this monstrosity of wasteful spending liberal geniuses.
Must I remind you:
- Nearly 3.4 million jobs have been lost since the stimulus was passed in February.
- President Obama, Vice President Biden, and their economists predicted that the stimulus would ‘create or save’ 3 to 4 million jobs.
- The jobless rate is currently at 9.8 percent, the highest in 26 years, and Obama promised it wouldn’t go above 8 percent with the stimulus.
Side-Note: No, seriously… How is it possible to declare this a success!? Or even working for that matter.