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Obama economist admits each stimulus job cost $278,000: has Obama failed on the economy?

FanOreilly 2011/07/05 01:35:55
Yes, Obama has failed
No, you are a racist and numbers lie!
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obama, economy, fail, stimulus



Remember all the Hollywood millionaires, media leftists and academics that hailed Barack Obama as 'god-like', 'graceful' and 'too intelligent'?

Remember the throngs of poor and working class that hoped that Obama was their deliverance?


Well it did not turn out so well. After plunging the USA into record-setting debt, the economy is in worse shape.

"the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt."


Wait! What? Do you mean Obama-ism has not helped?

has Obama failed on the economy?"The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama...The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” ...has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead. "

government simply cut 100000 check employment allegedly stimulus taxpayers 427

Has Obama failed on the economy?

Read More: http://www.weeklystandard.com/blogs/obama-s-econom...

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  • Abby 2011/10/22 00:42:37
    Yes, Obama has failed
    Abby
    He has failed and I can't wait till 2012
  • Sam 2011/07/21 03:16:03
    Yes, Obama has failed
    Sam
    Hahaha, I love how the 'no' version is phrased. ; )
  • Tom Dundee 2011/07/07 18:27:11
    Yes, Obama has failed
    Tom Dundee
    +3
    He has failed to keep his promises. However, his plans were never designed to put people back to work. His policies all lead to government control.
  • King of the woodland realm 2011/07/07 02:56:26
    Yes, Obama has failed
    King of the woodland realm
    +1
    oh god!
  • Andrew 2011/07/07 01:03:04
    Yes, Obama has failed
    Andrew
    +1
    BIG TIME!!
  • Lynn 2011/07/06 18:54:17
    Yes, Obama has failed
    Lynn
  • Sam Lynn 2011/07/21 03:18:45
    Sam
    FDR was worse though. It took a world war and the massive government spending (and debt piling up) that comes only during war to take us out of the depression his policies deepened and prolonged.
  • CMackley ~POTL~PWCM~JLA 2011/07/06 18:16:34
    Yes, Obama has failed
    CMackley ~POTL~PWCM~JLA
    +1
    Not only has he failed, he has often done the opposite of what needed to be done. You can't spend you way out of debt and you can't tax a poor economy to improve it. The liberal elites don't use common sense because they don't believe themselves to be 'common'.
  • James 2011/07/06 17:50:24
    Yes, Obama has failed
    James
    +1
    If it costs more to bribe somebody to create a job than it is for them to pay a job all on their own, its a failure.
  • earl 2011/07/06 16:04:55
    Yes, Obama has failed
    earl
    +1
    Malkin: White House Salaries in a Recession
    by BARRY0619 Posted July 06, 2011 (1 hour ago)
    Related Topics: Unemployment, Deficit, Obama, Congress, GOP, Health Care, Illegal Alien, Olympics, Conservative, Progressive, Independence Day, Chicago, House, Community, Operation, 50, Golf, New York

    +2 Rave
    1 Share

    Read all 2 opinions

    Thought this article by Michelle Malkin was interesting:

    First rule of Obama transparency: If it's a holiday, it's time for a
    White House document dump. Over the Independence Day weekend, the
    administration released its 2011 annual report to Congress on White
    House staff salaries. While economic data for the rest of America
    remains bleak, the financial outlook for Obama flacks looks rosier than
    the president's complexion after his latest round of golf.

    In total, President Obama's 454 employees at 1600 Pennsylvania Ave.
    will rake in $37 million. That's up $4 million from the income of George
    W. Bush's staff in 2008, back when the unemployment rate was three
    points lower, the federal government workforce was 12 percent smaller
    and the massive deficit was still measured in hundreds of billions, not
    trillions. (emphasis mine) One in three of Obama's employees makes more than $100,000 a
    year.
  • jo 2011/07/06 14:47:14
    Yes, Obama has failed
    jo
    +2
    Even with Obama's fudged numbers, he's a failure with a great speaking voice-so long as you don't care that the words are lies.
    http://www.shadowstats.com/
  • Semper Fi 2011/07/06 13:19:48
    Yes, Obama has failed
    Semper Fi
    +3
    He's a menace to society.
  • ReconMa... Semper Fi 2011/07/07 18:53:16
  • Semper Fi ReconMa... 2011/07/08 20:20:51
    Semper Fi
    +2
    Hey bro!

    I was spending way too much time here and focusing on business sure has paid off this past month..

    Great to see you are holding down the fort!
  • ReconMa... Semper Fi 2011/07/10 05:16:29
  • Mike W 2011/07/06 06:35:24
    Yes, Obama has failed
    Mike W
    +3
    He has done what he set out to do, He created more government dependence and more voters dependant on the democrat party for handouts
  • TheRichZone 2011/07/06 06:33:58
    No, you are a racist and numbers lie!
    TheRichZone
  • TheRich... TheRich... 2011/07/06 06:37:48
  • sherry 2011/07/06 05:23:54
    Yes, Obama has failed
    sherry
    +1
    But I thinki in truth Obummer never intended to help our economy - Obummer definitely helped his Muslim Brotherhood in their quest to cripple America.
  • The Socialist 2011/07/06 04:47:35
    Yes, Obama has failed
    The Socialist
    +1
    Failed like every other president from 1950 on. He's nothing special.

    Take Obama's liberal sticker off and he is indistinguishable from the rest of the government.
  • SneakyPete 2011/07/06 04:36:19
    Yes, Obama has failed
    SneakyPete
    +1
    The proof is in the pudding......
  • Spikeagain 2011/07/06 04:29:44
    Yes, Obama has failed
    Spikeagain
    +1
    I didn't have the right choice. He failed us, but I think this is what he wants. Why else would he borrow money so he could waste it on bs
  • wers 2011/07/06 03:05:49 (edited)
    No, you are a racist and numbers lie!
    wers
    +2
    Damn Racists !!!! Just because Obama forced "Obamacare", lied, cheated, and deceived everyone, ignored the will of the people, belittles America, has NO experience in running anything except his mouth, increased the national debt with uncontrolled spending, warns and threatens anyone who disagrees with his pathetic views, hates America, and really isn't BLACK.....you people just bring up these little mistakes he made....what about all the good things he did...?????, well, how about the not so bad things????....well, how about his choice of vice president then....yeah, I knew that would prove his ability....the great economic guru....AND, don't forget, HE bagged Osama all by himself...............you RACISTS!!!!!

    Hey.....perhaps Obama didn't fail....maybe this was his plan all along????
  • Spikeagain wers 2011/07/06 15:29:56
    Spikeagain
    +4
    rotflmao!
  • Cliff 2011/07/06 02:56:01
    Yes, Obama has failed
    Cliff
    +1
    Assuming the average jobs paid $50,000, that would leave $228,000 for government handling fees. And liberals say we're not paying enough taxes. That's not very funny for people who have lost their retirement funds, their home and their jobs.
  • ahhaterry 2011/07/06 01:36:08
    Yes, Obama has failed
    ahhaterry
    +1
    jobs cost 280 000

    That's right... you're rich! Um... can I get one of those stimulus, "shovel ready" $280,000 jobs?
  • Sam ahhaterry 2011/07/23 06:07:03
    Sam
    +1
    Seems Machine B has a $32,433 higher net present value.

    I'm a firm thinker that if the President doesn't know how to calculate things like that then it should be something he learns, just so that they learn an appreciation for how real world decisions have to be made.
  • joe mauro 2011/07/06 01:20:33
    Yes, Obama has failed
    joe mauro
    +1
    very much so but does he care?
  • lolo 2011/07/06 00:53:34
    Yes, Obama has failed
    lolo
    +1
    It's obviouse.
  • KrazyArchyGurl 2011/07/06 00:16:16
    Yes, Obama has failed
    KrazyArchyGurl
    +2
    That isn't the only thing he has failed....
  • hasher 2011/07/05 23:58:52
    Yes, Obama has failed
    hasher
    +1
    we all knew the stimulus wouldnt work, this just proves it. let the private sector grow. quit punishing businesses. cut taxes. cut spending.
  • Freedom4 2011/07/05 23:24:34
    Yes, Obama has failed
    Freedom4
    +2
    Where did he get those numbers from. Let's use obama' s own highly inflated job numbers. $1.2 trillion including interest, 2.4 million jobs (according to the democrats ferry tale numbers) that is right at $500,000 per job. Am I missing something?
  • Freedom4 Freedom4 2011/07/05 23:27:46 (edited)
    Freedom4
    +2
    I also forgot to mention the trillion for quantitative easing, extension of unemployment and food stamps, the incentives for green energy that were supposed to create jobs, the bail outs of gm and Chrysler. It is closer to a million per job
  • Freedom4 Freedom4 2011/07/05 23:30:20
    Freedom4
    +2
    Are any of the idiot democrats still pretending that the govt creates jobs better than the private sector that does far mote for less
  • FRAG 2011/07/05 22:17:36
    No, you are a racist and numbers lie!
    FRAG
    I wouldn't call you racist however I think in the long run some of the measures hes taken such as eliminate wasteful spending and making it so credit companies and lenders can't screw over the little guy with new laws will help us in the long run. It is not a over night operation just like how George Bush didn't ruin the economy over night as well. Let's keep this in perspective: guy laws run operation george bush ruin economy perspective
  • FanOreilly FRAG 2011/07/05 23:20:27
    FanOreilly
    +4
    You have been fed lies and you have swallowed them whole.

    Obama is the biggest corporatist president in American history and no surprise seeing how corporations bought and paid for him.
    http://www.opensecrets.org/pr...

    >eliminate wasteful spending

    You are joking, right? Nobody has wasted more money...not even close...from six figure salaries for hundreds of white house sinecures to shrimp on treadmills, to 6 wars (a new record in US history) to the entitlement liabilities over 100 TRILLION dollars.

    >lenders can't screw over the little guy with new laws will help us in the long run

    Did you bump your head? LENDERS SUPPORTED THE BAILOUTS...it is a huge scam on the 'little guy' known as the taxpayer as I had to pay for it and will continue to pay for it. You don't pay taxes do you?

    Where did you get the image by the way? It is not sourced. The graphic also very cleverly deceives as it ignores the facts that Clinton was forced into fiscal conservatism by a Republican congress and the threat of losing re-election where as Obama has surpassed debt in 2 years what took George Bush 8, not to mention tens of trillions in future liability in creating the massive entitlement of Obama-care.

    I guess they don't teach you that in college.
  • hasher FanOreilly 2011/07/06 00:01:04
    hasher
    +1
    love your reply dittos to you o'reilly
  • FRAG FanOreilly 2011/07/06 12:02:33 (edited)
    FRAG
    +1
    Upon further research depending on where you go many different places are having very different data. The data is inconsistent from source to source so with consistent data not so much your point although I am not saying you do not have one I must drop my stance on this one. You did not however have to belittle me to get your point across. I give to well thought out civilized debate. But again not to be caught with my pants down again since every other source even the nonpartisan ones especially the nonpartisan ones seem to all have inconsistent data. I will regroup and study the data more.
  • FanOreilly FRAG 2011/07/06 12:15:30
    FanOreilly
    No, Frag.

    It's pretty clear.

    Obama has been an unqualified economic failure.

    The best and brightest liberal minds of Harvard have revealed they know less about the economy than the average hot dog vendor.

    I respect your intellectual honesty to take a second look at the facts but I suspect you get your info from a liberal college where criticism of Obama is treated like heresy during the inquisition.
  • joe mauro FRAG 2011/07/06 01:21:42
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