Thanks Barack… Stimulus Jobs Cost Taxpayers $195,000 Each
Posted by Jim Hoft on Sunday, August 22, 2010, 5:19 PM
What a deal!
Not only was the Obama-Pelosi Trillion dollar stimulus a complete failure by every objective measurement, but each job it created cost taxpayers $195,000.
Hat Tip BB for the graph
KTVZ reported:
A Government Accountability Office report released Thursday shows that the Department of Energy has spent more than $1.9 billion in stimulus funds to create 10,018 jobs through May, an average of $194,213 spent per full-time job created.
“As a small business owner for nearly 22 years, I’m shocked that these jobs cost taxpayers nearly $195,000 each,” U.S. Rep. Greg Walden (R-Ore.) said. “Taxpayers deserve more for their investment. This is more evidence that the private sector is far more capable than the federal government at creating the long-term jobs required for a sustainable economic recovery.”
“It looks like the Department of Energy got in over its head when it was handed $6 billion in stimulus money to create jobs by accelerating environmental cleanup work. This report says that DOE managed its timetables well enough, but it also indicates that so far, the jobs that DOE created cost $194,213 each,” said U.S. Rep. Joe Barton, R-Texas, ranking member of the House Energy and Commerce Committee.
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Published May 24, 2012 at 8:46 pm - 91 Comments
theBuckWheat commented:
According to the Census Bureau, in 2008, the median family income was $52.026. So each stimulus job “created or saved” cost the full annual income of about 4 entire families.
This is the road to serfdom. Keynes and Big Government must die for Americans to live.
Granny commented:
This is absolutely ludicrous! I’m thinking it is about time that not only Congress should be held responsible, but the idiotic bureaucrats that approved this expenditure should be fired for incompetence and then prosecuted for misappropriation of funds.
aro5o75 commented:
Meanwhile from the left coast and California Gov. Ahhnold Kennedy is this little gem… we all know who will be paying for this;
http://news.yahoo.com/s/ap/20100822/ap_on_bi_ge/us_taj_mahal_schools
jainphx commented:
Keynes has been proved wrong over and over again, yet Obama still is running full speed down that dead end road.
down with dems commented:
They’d have been better off just giving $50,000-$60,000 to each person to do nothing, which would be plenty to live on, and then they could have helped 3 times as many people.
waste
Chisum commented:
Obama’s Four Disasters
Heckuva job, Mr. President.
http://weeklystandard.com/articles/obama-four-disasters?page=2
StrngernFiction commented:
I guess this is part of that newfangled “21st century” method for creating jobs that Jennifer Granholm spoke of on Meet the Press today, as opposed to that outdated “20th century” notion of reducing the size of government.
Granholm claims that, “If you just slash spending, you slash the investments in the things that are going to move our economy forward, we miss out.”
Who would want to miss the opportunity to steal from taxpayers in order to create jobs at $194,000 a pop?
Let’s hope we don’t elect crazy conservatives with their outlandish ideas about letting taxpayers keep more of the fruits of their labor and other such nonsense.
Militant Conservative commented:
Granny
August 22nd, 2010 | 5:36 pm | #2
I agree and the following is not directed at you.
This is getting ready to happen with a vengence. NOvember is going to be a BIG repudiation of Obamanomics/Keynes economics. It does not work and never will. But libtards still wanna feel warm and fuzzy. Life is tough, wake up and smell the coffee sweatheart you lil wanabe touchee feelee metrosexuals are ruining a country you could not create. You think we’re troglodytes. Nay. we are the goose that lays the golden egg. We create and serve humanity. I can live without a movie or a stylish pair of pants/shoes. I gotta have AC, a refrigerator, gas, car, work boots, and uniforms. You gotta get grants for your art and crap the public won’t buy. Me, ya gotta have what I do. visualization systems in the joints so the doctors can fix your shoulder,knee,or hip. try wiping your ass if your shoulder does not work. That’s when you find out who your friends really are. You sicken me you lilly livered lil self rightous POS.
powder is dry.
Granny commented:
Don’t worry Militant. Give it a year or two more and the libtards won’t need what you do anymore. Obamacare won’t pay for it and if it did there will be very few doctors left capable of performing the surgery.
They sicken me too.
kato commented:
Jivemaster did his typical jive act at a battery factory last week. The company had never made a profit and its stock had lost almost 90 percent of its value until the old Jivemaster started spreading taxpayers’ money around.
It’s bad enough that Jivemaster wants an economy run by central committees, but then he fills these committees with leftist economic illiterates like himself.
This country is being run by dopes whose stupidity is only exceeded by their arrogance.
Indigo Red commented:
When I was laid off 14 months ago, I asked the company pres how much it would cost to hire new workers. He said $3000/employee. For every job created by Obama for $194,000 my former employer could hire 65 people which is about how many people he needed to layoff. I don’t need any high priced economist or gov’t agency to tell me Obamanomics doesn’t work.
Alan Kellogg commented:
I must comment on that anti Meg Whitman ad below this post. That comment being: Never trust anybody who has nothing good to say about himself.
BH commented:
I’m wondering. Are the costs of DOE cleanup projects 100% labor? Is it possible that they also involve facilities, equipment, vehicles, materials, and myriad other costs? Is it possible that the suppliers of all these components and their employees also benefit from these projects? Could it be that using a simplistic calculation like dividing total project cost by the number of jobs created is an exercise in political deception and manipulation?
Like I said, I’m just wondering.
StrngernFiction commented:
BH,
Is it possible that any of these stimulus-created jobs are completely unproductive or actually produce a net negative in terms of wealth creation — and creating wealth is the key concept here libtard — as has been known to be the case with a public sector position or two?
I’m just wondering.
LimoLibsStink commented:
0bama:
Dam it Jim. I am not an economist. I am a snake oil salesman!
Sure, it cost the taxpayers $195,000 each. But, look at it from my position. My Czars and advisers got an average of $462,000 each. The rest went into overhead…the slush fund for my campaign.
My limousine is belching fumes and I have a meeting with Barney Frank. I will repeat it, I can’t imagine why anybody would want to be a Tax payer. It is so much easier to be a politician or get on the dole – using other people’s money. Good day!
Chisum commented:
Hard Truth: Stimulus Bill Did NOT Lessen Unemployment
http://strata-sphere.com/blog/index.php/archives/14043
Chisum commented:
What About Me?
Hello, Barack, it’s me. The responsible US taxpayer. I don’t belong to a union. I don’t work for Goldman Sachs or Lehman Brothers.
I pay my taxes.
I am not underwater with my mortgage.
I did not walk away from my mortgage.
I pay my debts.
I have conducted myself responsibly.
If my 401 K suffers, I suffer. If I have less, I have to make do with less.
What is the reward for my being responsible?
http://www.floppingaces.net/2010/08/22/what-about-me-reader-post/
Chkn Fryd commented:
Dear Chisum:
You may pay your taxes, but you bitch way too much about that or you wouldn’t be reading this. You may not be underwater on your mortgage but that’s largely a function of your age and macroeconomic housing price cycles; it has very little to do with your inherent “goodness.” You didn’t walk away from your mortgage, but most folks who do have an economic profile which probably describes you too. If you pay your debts then you are not a good Conservative since Cheney like all “good” Conservatives said “deficits don’t matter.” You may have conducted yourself responsibly, there’s just no proof of it here. 401Ks don’t “suffer,” their values go down; their values go down because other stakeholders are already suffering before you are. What’s your reward for doing the right thing: nothing, nothing at all. Getting paid to do the right thing makes you compliant; doing the right thing without any carrot and stick action is what makes you “good.”
Chkn Fryd commented:
You are making yourselves look morally weaker than you are. Try harder people; I have faith in you.
Chisum commented:
Lordy, Crispy Critter. Can you babble any more?
Tell me, is it your lack of lips that make you so incoherent?
Chkn Fryd
Chkn Little
Chkn Lips
Chkn Plucker
Charles Uphoff commented:
It might be interesting to point out that the estimated $2.11 trillion dollar cost of the Bush Tax Cuts yielded a net increase in employment between January, 2001 and December of 2008 of one million, eight hundred and fifty-nine thousand jobs. From 132.4 million in January of 2001 to 134.3 million in December of 2008. That represents a cost of approximately $1.3 million per job.
In contrast, the previous eight years with a Democratic administration produced a net increase in employment of 22.7 million jobs.
Between 1961 and 2008 when Republicans have controlled both Congress and the White House they have implemented policies that resulted in an average of 1,008,371 fewer new jobs per year than when Democrats have controlled both the White House and Congress. All of the data is from the Department of Labor, Bureau of Labor Statistics which I have been tracking for nearly a decade and can be found on-line at ftp://ftp.bls.gove/pub/suppl/empsit.ceseeb1.txt
B-1 Employees on nonfarm payrolls by major industry sector, historical details
The bottom line is “trickle-down” doesn’t work.
If you think Republican policies are going to help create enough jobs to end the recession, Think Again!
Charles Uphoff commented:
My Dad used to say “it’s not knowing too little that does as much harm as knowing too much that ain’t so.”
Sadly, much of the discussion on the internet these days is replete with misinformation.
I strongly recommend going to original and credible sources like the Bureau of Labor Statistics. Most of the data in the historical tables I have been referencing was compiled during the Bush administration. Despite trillions in tax cuts, job growth, under the Bush administration, was the weakest in more than half a century.
On the matter of federal deficits, even David Stockman, Reagan’s Director of the Office of Management and Budget has acknowledged in a July 31st editorial that “This debt explosion has resulted not from big spending by the Democrats, but instead from the Republican Party’s embrace, about three decades ago of the insidious doctrine that deficits don’t matter if they result from tax cuts.”
In point of fact since 1961 deficits when Republicans have controlled both the White House and Congress have been, on average, 332% higher than when both houses of Congress and the White House were controlled by Democrats.