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:
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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.