Tuesday, July 5, 2011

Can we call it a failure now?

The President's own economists claim that the stimulus package, which has so far cost U.S. taxpayers $666 billion, has added or saved almost 2.7 million jobs. Jeffrey Anderson has done the math for us and comes up with $278,000 per job. Ignore for now the questionable economics behind the jobs claims and focus on the fact that these numbers are from the President's own economists using very optimistic models. Now realize that if it were up to the administration we would be in for another round of stimulus and billions more dollars down the rabbit hole.