When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, 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.
This was an assessment from Obama's from own council of economic advisors -- and it was a bag job:
The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “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.
Kinda like playing in your own park with umps who have been to the Sirloin-and-Martini-fest at your clubhouse the night before and who rode in your limo to the ballpark before the game.
..yeah, that fair!
Go over to the Obama Fail site and watch the math he does on those jobs; it's astounding. Also, make it a habit to head over there from time to time to see what else has been transcribed into this archive of pathetic failure. (I refer to Obama's performance, not the effort to put up the blog.)
Drop the author a nice comment or two. His work will come in handy when this sluggo finally leaves office. I mean, your grandkids will never believe what you had to live through and a contemporaneous transcript will make believers out of 'em.