Washington – New York has gotten 43,000 jobs since President Obama signed the stimulus law one year ago — at a price of more than $500,000 per job, federal and state records reveal.
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Just how many jobs the stimulus created became the source of heated debate yesterday as the administration trumpeted the law and Republicans trashed it.
The feds’ claims came under ridicule after multiple reporting errors were discovered early on, like a Florida child-care center that claimed to create 129 jobs but instead gave employees raises.
The feds are no longer asking recipients to estimate how many jobs have been “saved,” but to tally up hours and calculate jobs “created.”
Even these figures are difficult to verify.
New York is reporting that the stimulus allowed it to give out $6.7 billion in food stamps and unemployment assistance.
The state will get $31 billion in stimulus funds.
Republicans, who opposed the stimulus, yesterday hammered the law for not keeping unemployment below 8 percent. The national rate remains above 10 percent.
President Obama, marking the law’s anniversary, credited the stimulus with keeping 2 million Americans working.
“One year later, it is largely thanks to the recovery act that a second Depression is no longer a possibility,” he said.
Numbers can always be construed to sound like whatever you want.
Does anyone remember the riddle of the missing dollar? If you use common sense, the solution is simple. The way Obama and his cronies use the numbers, it sounds like he is the greatest economist in history. But just a little thought will reveal the folly in the plan. It will take many presidents many years to undo the mess.
Like what iseah tomas did to the knicks there still paying for it 6 years latter
It makes perfect sense. First, you confiscate taxes earned by hard-working Americans. Then, you work it through all kinds of layers of government. You pay for their offices, office parties, and also unions like AFSCME (so that governmental employees can negotiate even better deals with their employer–those same hard-working Americans), who take that money and dramatically shrink its value. Then, you send what’s left into a giant beaurocracy so that the government can make wise decisions about how to spread the money around (hint, Obama’s union buddies have a large say). At that point, $500,000 has now become a $50,000 job. What’s not to understand?
This is the result of Republican mismanagement of the economy for 8 years. The industrial jobs slipped away for low paying service jobs and ponzi jobs on Wall Street. The bulk which made this country affluent were the manufacturing jobswhich were outsourced or disappeared. Republicans gleefully spoke of a service economy. High precision metal alloys are produced in Austria, Czechoslovakia, India , China and Brazil instead of the U.S.. It is these special allow metals used in nuclear reactors and other precision machiner which are now needed Wait till your grandparents will have their social security benefits and medicare benefits cut than you will wake up. Of course the next on the line are all these freebies section 8, VIC and food stamps
And guess what,obama has just announced a panel to lower the deficit!.
At this price the money would have been aLot more usefull if the govmnt would have hired people directly they probably could have redone evry road in the country…..
Social Security is what is called a contributory system, it is maintained through the payment of FICA taxes , some European are subsides by the State. The maximum earners were the steel workers in Cleveland and autoworkers in Detroit not the paper shufflers on wall street. What has happened that the Icahns and their type cut up businesses and reassmbled them to the loss of of the employees and tax payers. Instead foreign competitors took over where USA failed. Now all heilige yidden say a kapitel tillim that Toyota does not recuperate. What brought this country to this state is the fata morgana painted by Greenspan and his ilk.