A blog from the center trying to save the middle class from being totally screwed by the elites from both parties.
Sunday, July 03, 2011
HAPPY FOURTH OF JULY! SUCKERS!
Well the Obama administration did it again! They released some really bad news on Obama's stimulus plan on a Friday July 1, 2011. Better yet since it was really bad news released it on a Friday before a long holiday weekend when they think no one is paying attention. Here are the money quotes fellow tax payers read them and weep:
"The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. 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.
In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead."