Obama Created or Saved 450,000 Government Jobs, Lost 1,000,000 Private Sector Jobs With Stimulus

Worst. President. Ever.

Obama signed the failed $787 billion stimulus bill his first month in office.

No wonder the Obama Administration doesn’t talk about the created or saved stimulus jobs anymore. There weren’t any. According to a new study the Obama-Pelosi Stimulus bill created 450,000 government jobs and delayed or destroyed 1,000,000 private sector jobs.
And, it only cost you $1 trillion.
Power Line reported:

Economists Timothy Conley and Bill Dupor have studied the effects of the American Recovery and Reinvestment Act (the purported stimulus bill) with great rigor. Earlier this week, they reported their findings in a paper titled “The American Recovery and Reinvestment Act: Public Sector Jobs Saved, Private Sector Jobs Forestalled.” The study concludes,

Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs.

Here is the Obama jobs graph.

Democrats blew a trillion dollars to delay or destroy a million private sector jobs.
What a disaster.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!