So far, Obama Administration spent $246,436 to create one job (Liberals believe in “Give a man a fish” and not “Teach a man how to fish”)
The Obama Administration is touting that their stimulus program has saved or created 640,329 jobs since it was enacted back in February through the end of October. This number is updated and posted on the Administration’s recovery.gov web site. That amounts to $246,436 per job based on the $157.8bn that has been awarded so far! […]
The cost of a new jobs bill Democrats hope to move early next year runs to nearly $300 billion when major proposals under serious consideration are added up.
Lawmakers are calling for extending aid to the unemployed, infrastructure spending, a hiring tax credit and increased small business loans.
A number of the jobs proposals backed by Democrats […]
Conservatives are not the only ones that think the president’s stimulus package was a colossal failure.
Believe it or not, the NAACP, the AFL-CIO and La Raza are complaining that the stimulus has not worked, telling the president that he must do more to fight unemployment. With unemployment among African-Americans above 20 percent in several states, […]
Here’s a stimulus success story: In Arizona’s 15th congressional district, 30 jobs have been saved or created with just $761,420 in federal stimulus spending. At least that’s what the Web site set up by the Obama administration to track the $787 billion stimulus says.
There’s one problem, though: There is no 15th congressional district […]
Errors, incomplete data, estimated positions go into federal report
While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, filed erroneous figures, or claimed jobs for work that has not yet started.
Read more at Boston Globe
Nine months after Congress passed the $787 billion stimulus package, there is little tangible to show for one of its biggest single areas of investment, the $25 billion energy-efficiency effort. That points to one of the central tensions of President Obama’s landmark stimulus package: His goal was to inject money quickly into the economy while […]
Commerce Secretary Gary Locke told Bloomberg TV today that a second economic stimulus is “being hotly discussed and very seriously considered within the administration as well as members of Congress.”
Not surprisingly, this news triggered a spasm of backtracking: Locke’s spokesman now says he was being “imprecise.”
(Excerpt) Read more at businessinsider.com …
Obama Stimulus 2.0:New $6,500 tax credit for homeowners who have lived in their current home for at least five years
Senator Harry Reid, the Nevada Democrat and majority leader, said he expects the Senate this week to approve an extra 14 weeks of unemployment aid for those who have exhausted their benefits. People out of work in states where the unemployment rate is more than 8.5 percent would get up to 20 weeks.
In addition to […]
Posting its results late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.
Officials acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes.
In recent days, the Recovery Act board […]
An early progress report on President Barack Obama’s economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.
- A company working with the Federal Communications Commission reported that stimulus money paid for 4,231 […]