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7/3/11

Stimulating Indignation: the $278,000 cost of every job

Jeffrey Anderson at  the Weekly Standard was alert for hidden explosives in the White House economic report issued at the outset of the  long weekend. He was right: The figures reveal a cost  to taxpayers of $278,000 for  every job created or 'saved' by  Obama's stimulus. 
But wait, there's more!
Anderson further  asserts that, over the past six months, the economy would have added or saved more jobs without the “stimulus” than with it.  Compared with the way  things would have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs. There's more here.