Is The Stimulus Working?
In Just a Thought, July 19th, 2010
Is the $1 trillion dollar government stimulus package working?
It seems there are varying answers to the question, depending whether you are in the administration, or anyone else in the country.
Contrary to all the evidence, the administration continues to insist the stimulus has worked, saving or creating 3 million jobs (more on those bogus numbers tomorrow). The government’s own website only claims 680,000 jobs and 500,000 were in the public sector. Folks, that is nearly $1.5 million per job.
In the meantime, a recent poll reveals only 13% of Americans believe they have benefited from the trillion dollar boondoggle.
But reality may be sinking in. The President, in defending the stimulus plan and the huge deficit it has created, said recently, it could have been worse.
It could have been worse? The CBO said, when the stimulus bill was being considered, that the liberal’s plan was worse than doing nothing.
So, who was right?
Kevin said:
Jul 21, 10 at 7:51 amTo continue further with your thoughts, since the government does not produce any goods or services as part of the economy, the 500,000 jobs they have created are in reality welfare jobs. People are employed to produce nothing and paid by individuals and corporations taxes.
They may as well have stayed on unemployemnt benefits in that case. The cost would have been less, therefore less taxation. The money saved would have been for investing in real job creation by businesses and entrepreneurs. They would be creating real goods and services desired by the market place adding to the economic growth.