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.

Advertisements

Leave a comment

Filed under Economy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s