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May 17, 2011

Obama's Stimulus Killed 1 Million Jobs

Topics: Political News and commentaries

It didn't "save or create" diddly-squat!

Contrary to Barack Obama's grandiose claim about "saving or creating" jobs, a study has found that the stimulus created/saved 450 thousand government-sector jobs and destroyed/forestalled one million private sector jobs.

In other words, as Katie Pavlich points out at the link, all the American taxpayer got for its additional trillion dollars in debt was a stalled economy, no long term job growth, and the stunting of growth in the overall economy. Put another way, the American people borrowed and spent close to a trillion dollars to destroy a net of more than one-half million jobs. We would have done better to have done nothing!

By the way, the link from Katie's piece to the study doesn't work. Here is the correct link.

Update: Jeff Carter puts it the best way yet: Sesame Street Economics=Obamanomics.

Posted by Hyscience at May 17, 2011 6:15 PM

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