Posted: 7/4/2011 10:32:47 AM EDT
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Almost 800 billion dollars to get rid of a million jobs. Karl Marx would be proud.
Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs. State and local government jobs were saved because ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services.
http://www.powerlineblog.com/archives/2011/05/029042.php |
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Quoted: He's referring to the administration's official report.Quoted: Quoted: Notice how this was released on Friday afternoon prior to a long holiday weekend? A mere coincidence! Updated on May 17, 2011 - a Tuesday.  ETA: http://www.whitehouse.gov/the-press-office/2011/07/01/cea-releases-seventh-quarterly-report-economic-impact-recovery-act |
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Quoted:
This would be big news if W was still president.  W wouldn't have been POTUS for long, the Dems/libs/Socialists would have stormed the White House and dragged him out into the street to tar and feather him, and proceed send him to exile in Shitcago or Detroit! |
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Quoted: Quoted: A mere coincidence!Notice how this was released on Friday afternoon prior to a long holiday weekend? Lots of coincidences over the last 2.5-ish years. The ARRA should have never been passed. Having said that, since they were going to pass it anyways... I propose that they should have divided the money equally by the number of people who actually paid taxes (not just file a return - but you actually paid tax and not just received a "refund") and sent those people a check. Some would have put the money in savings/ PM/ preps, some would have paid off debt, and some would have used the money for living expenses due to being without work. But based on the habits of most people I see, I think most would have gone out and spent that money buying "stuff". Saving money, prepping for hard times, paying down/ off debt would have been a better use of that money, as would the remaining money going directly into the economy via purchase of goods and services. I'm not advocating the spending of tax money that way (IMHO it should never have happened) but since Congress was determined to do so, I believe it would have been a better use than what happened - an expansion of government, which will now require more tax money to continue to fund. I honestly don't have a clue as to how some of the businesses I go into are still open. Walk into a 50,000+ sq ft store with 20 employees on staff, and there are 2 customers - at 11am. Parking lots that used to be almost at capacity are less than 1/4 full. And I live in an area that isn't being hit nearly as hard as the rest of the country due to the high number of gov employees (major mil installation). |
