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November 5, 2009
Laughable claim: $1,000 "saved" or created 50 jobs
Topics: Political News and commentaries50 jobs "saved or created" when $1,047 in stimulus money bought a rider lawn mower from the Toro Company to cut the grass at the Fayetteville National Cemetery in Arkansas? Laughable?
How about the $5 billion to weatherize homes having yielded only a little over 5,000 jobs so far? Laughable?
How about the Kentucky shoe store that reported it had created nine jobs with an $890 order for work boots? Laughable?
And how about a $7,960 contract for a "Basketball System Replacement" in Ohio claiming three jobs? Laughable?
Claims like these make The New York Times report that "Reports Show Conflicting Number of Jobs Attributed to Stimulus Money" seem like an understatement, at the very least. As Douglas Holtz-Eakin, who served as director of the Congressional Budget Office (CBO) from 2003 through 2005 is a bit more direct, says "The Obama Administration's claims of fiscal responsibility are both hypocritical .... [a]nd laughable," and that doing nothing would have been better.
Yes, Obama's job claims are indeed laughable. As IBD notes don't be fooled. No jobs are being generated by the stimulus, but a lot are being lost - along with the wealth of an entire generation.
Related: A Laughable Defense of the Stimulus
Posted by Richard at November 5, 2009 10:47 AM
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- Laughable claim: $1,000 "saved" or created 50 jobs - Nov 05, 2009
