The “Seventh Quarterly Report” on the economic impact of the Obama administration’s stimulus was released on Friday, July 1

cea_7th_arra_report.pdf (application/pdf Object).

Link to the “Seventh Quarterly Report” above. Some thoughts after reading over the document:

* The report was written by the White House’s Council of Economic Advisors. It tries to show how jobs were created; it does a much better job of showing how the deficit has ballooned.

* $278,000 per job created “or saved” – an amazingly inefficient way of creating employment.

* For the past two quarters (six months) the stimulus has actually been working in reverse, “stimulus” is now causing jobs to disappear.


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