CBO Report: Each Job Created or “Saved” by Stimulus Bill Cost $228,055 each

R

RockX

Banned
CBO Report: Each Job Created or “Saved” by Stimulus Bill Cost the US Taxpayer $228,055…


The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).

In a report released Wednesday — “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010” — the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO’s original estimate that the stimulus would cost $787 billion.

In the same report, the CBO estimated that in the fourth quarter of 2010 there were somewhere between 1.3 million and 3.5 million people who were then employed who would not have been had the stimulus not been enacted. “CBO estimates,” says the report, “that ARRA’s policies had the following effects in the fourth quarter of calendar year 2010: . . . Increased the number of people employed by between 1.3 million and 3.5 million.”


http://www.cnsnews.com/news/article/cbo-jobs-created-and-saved-stimulus-cost

View attachment 601

:palm:

We are all doomed under Obama....
 
i would be curious to see what specific jobs were created...or saved such that it numbers in the millions...

and really, are those jobs even sustainable? without another stimulus?
 
A fairly good argument could be made that without the stimulus, the stock market would still be lingering below 10,000 - perhaps well below. A good argument could DEFINITELY be made that this would be the case without the stimulus and the bailouts.

So, you do the math, webbs. I can't even start to figure out what that would mean in terms of lost jobs....
 
This is the typical right wing simpleton straw man.

They took the total cost and divided it by jobs created. No factors for a rise in GDP or any other important factors...

This is economics for children and right wingers... which is one and the same.
 
Bfgrn said:
This is the typical right wing simpleton straw man.

They took the total cost and divided it by jobs created. No factors for a rise in GDP or any other important factors...

This is economics for children and right wingers... which is one and the same.
Click to expand...


:lol:
I did not realize the Congressional Budget Office (CBO) was part of the vast right wing conspiracy.
 
Yurt said:
i would be curious to see what specific jobs were created...or saved such that it numbers in the millions...

and really, are those jobs even sustainable? without another stimulus?
Click to expand...

i wonder how much of the cost went in to materials and not labor
 
Onceler said:
A fairly good argument could be made that without the stimulus, the stock market would still be lingering below 10,000 - perhaps well below. A good argument could DEFINITELY be made that this would be the case without the stimulus and the bailouts.

So, you do the math, webbs. I can't even start to figure out what that would mean in terms of lost jobs....
Click to expand...

Bfgrn said:
This is the typical right wing simpleton straw man.

They took the total cost and divided it by jobs created. No factors for a rise in GDP or any other important factors...

This is economics for children and right wingers... which is one and the same.
Click to expand...
That is kinda funny....

One guy wants to debate some imaginary numbers for the stock market and the other
wants to accuse the CBO of being right-wing....

pinhead gibberish.
 
You must log in or register to reply here.
Back
Top