White House Website: Obama-Pelosi Stimulus Has Cost $278,000 per Job

It’s a Quagmire…
Barack Obama increased the national debt by over $3 trillion in just over 2 years.
Obama tripled the deficit in one year with his failed stimulus plan.

The Obama deficit this year may reach $1.65 trillion. (The Captain’s Comments)

Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.

And then there’s this…
The Obama White House admitted this week that the bogus stimulus cost $278,000 per job.
The Weekly Standard reported, via Free Republic:

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.

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  • toongoon

    I am in awe of obama’s genius.

  • 1 month ago, Breitbart and the blogs were wee weed up with the Weiner. And rightfully so.

    But now we have multiple, nationally known document/computer experts saying the Birth Certificate is a FORGERY and most of the conservative media/blogs are silent.

    I don’t get it? http://www.youtube.com/watch?v=cv19avtHVcc


    4 words please….


  • kansas

    No wonder Harry Reid wants to get back to all that Democrat fiscal responsibility.

    The BC issue is DOA. Let it go. Obama won on that. Get to him forge some transcripts and release them.

  • artsykr

    Hardly DOA … seems to me it’s a growing issue, only to get even bigger…

  • Ginger

    #2…………Connecticut said:

    1 month ago, Breitbart and the blogs were wee weed up with the Weiner. And rightfully so.

    But now we have multiple, nationally known document/computer experts saying the Birth Certificate is a FORGERY and most of the conservative media/blogs are silent.

    I don’t get it?


    That is my thoughts too! I started to send the Tea Party Patroits some money and was going to try every month and I got to thinking why? So they can have their big reunions at swankey places! No not until they stop this fraud in our country in its tracks! It is just not about putting pressure on Congress hell they are in bed with the liberal/socialist/communist scumbags so how are they going to stop that kenyan fraud in the white house by NOT going after him and exposing him! I am beginning to believe that the Tea Party Patroits are just window dressing!

  • Major Kong

    Cost $278,000 per Job

    Scheesh! Talk about a lousy Return on Investment! Just have to keep reminding ourselves that this fraud is freakin’ brilliant.

  • @ #6… Ginger

    Ponder this: To date, not a single conservative publication has reviewed “Deconstructing Obama” by Jack Cashill, published 5 months ago. It is 100% proof that Bill Ayers wrote the book. NOT Barry – http://www.youtube.com/watch?v=t6aElR-SR8k

    I have come believe, that many on our side, do not want really want to point out what Obama is… A BIG FRAUD.

  • Militant Conservative

    It’s all about turning America into a socialist country.

    No more no less, powder is dry

  • Taxpayer

    Hey, now that those few who got jobs or whose jobs were “saved”…at $278K/job, they’re RICH now. Obama should tax them!!!!!!!111!!

  • Ginger

    Beware of the TRAITORS among us!

    Lord….I beg of you to stop this TREASON among us! Please do not let it come to the point that we have civil unrest! Please do not allow our children to suffer of any form. Please protect our beloved Israel. Please you know all of the evil that is happening we can not wait until November 2012.

    We have a awfully lot of people who has sold their souls to satan for their own gain. Please remove them among us. We have leaders of all forms in our government and public and unions that are evil to the bone. Please remove them. The ones among us that wish to live happy, loving others and to love you with all our hearts so much wants those evil people out of our lives.

    I beg of you with all my heart remove the EVIL ones and TRAITORS.

  • neverends

    The TEA Party is people. The People that are the TEA Party are the ones that need to make a difference. Make sure that you write, email, phone, fax members of both the House & Senate constantly to make your point of view heard. Nothing will change unless pressure if put on the fools in DC. It is everyone’s job to do this. The TEA Party is not a person, but goups of people who are dedicated to attempting to save the country as we used to know it – do your job and become one of the voices. You – or we – cannot depend upon an individual or group that sends out requests for money to “get the message out”. We the people are the bearers of the message. WE are the ones who need to speak up and make sure we are heard!

  • Ginger

    I have sent more e-mails to so many congress and senate people and all I get is their form letters. I am tired! WE ARE WASTEING OUR TIME TO DEATH EARS AND CORRUPTION!

    The Tea Party Patroits are “We the People” and it is past time for ALL of “WE the People to stand up to congress and DEMAND they to do their job and expose the kenyan TRAITOR!What do we get is John Boehner, leader of the house playing golf with the kenyan fraud! Boehner in my eyes is one of them!!!!!!!

  • mg4us

    Think this is bad. .now Schumer and WH looking to unilaterally issue more debt


    I say if Obama does it then the Republican Congress needs to IMPEACH!! Immediately!!

    Enough of this non-eligible non-natural born citizen with the phony Birth Certificate screwing up OUR country.

    IMPEACH!!! 2012 Can’t come soon enough!

  • Em

    Dr. Jeffrey Sachs appearing on Morning Joe on Friday (July 1, 2011) stated his opinion that Obama and the Dems chose the wrong path early on opting for repeated stimuluses and incurring huge deficits. His remarks came amid a segment on failed budget talks and childish antics of the two parties in D.C., but seemed to deliver some telling criticism of the administration that didn’t seem to make the papers. Instead, the media ignored Sach’s remarks and focused on Halperin’s comments characterizing Obama as a ****. And, why am I not surprised that when the truth is stated on air the media does their best to focus on something irrelevant and make that the runaway story? Sach’s comments were more damning that anything Halperin said, or was prompted to say. The segment is still available for viewing on the Morning Joe website and is entitled, “Sachs: Debt Celing Battle Getting Extremely Weird.” Sach’s remarks start at approximately 5:05. The link for the video and transcript is also available here:

  • Ginger

    Reference #11 How could I forget to add the EVIL CORRUPTED MEDIA the most corrupted of all! That kenyan fraud would be nothing but a piss ant right now if it were not for the media!! BURN IN HELL YOU SCUMBAGS!

  • kato

    One can put him is a suit, slap a presidential seal on the podium, and feed him his lines by teleprompter, but one can’t hide the fact that Obama, for all his arrogance and demagoguery, is really quite shallow and ignorant.

    He is probably the very worst president, in terms of personality, intellect and worldview that this country could have gotten stuck with. Just as the U.S. teeters from 40-plus years of big-government liberalism and crony capitalism, we get an arrogant and mendacious statist ideologue who believes that Europe (Zeropa!) is the model to emulate.

  • tommy mc donnell

    yes and we have to raise taxes to cut spending. does anybody know on any instance where politicans were given more money and spent less. they really do get a different education in the ivy league.