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Monday, May 16, 2011

Obama's Stimulus Package Costs Over 500,000 Net Jobs

H/T Power Line for bringing attention to a 36 page report, by economists Bill Dupor and Timothy Conley who have analyzed the effects of the American Recovery and Reinvestment Act aka Obama's stimulus package and concluded that while 450,000 state and local government jobs were created/saved, one million private sector jobs were destroyed/forestalled as a direct result of the stimulus package.

You can see the charts, graphs and details for yourself in the 36 PDF report, they listed alternate methods of computing in it, other economists projections, etc...

The next time Obama makes a speech using the word "investment" instead of the actual word "spending", keep in mind what his last reinvestment cost America and what it did to job creation.