Sunday, October 18, 2009

ObaNomics 101
Why are we embracing Communism in America?

And a rousing success it is, indeed.

Here's some of the article from the National Review Online; (Emphasis mine)
Stimulus Success: At Only $533,000 per Job

The Associated Press is touting an estimate posted on the federal government’s website that $16 billion in stimulus contract spending has created or saved 30,000 jobs. So using the White House’s own numbers, this comes to $533,000 per job saved or created.

Instead of expressing embarrassment at a policy of spending $533,000 per job — about ten times the median income — the AP quotes White House economic advisor Jared Bernstein, stating that while it is early, “the early indications are quite positive.” Despite these “positive” indications, the unemployment rate has surged to nearly 10%, despite an earlier report by Bernstein predicting that unemployment would peak at 8% with a stimulus bill.
By the way, where are those 3.5 million jobs created or saved? Well... we're less than 1% of the way there. I guess I should give DingleBarry more time. Ya think?


Blogger Adeodatus49 said...

$533K??? The new minimum wage?

9:40 AM  
Blogger TCN said...

They could have just handed me the money and gotten the same effect, except I might actually use it for charity, which really could help someone.

I'm just sayin'.

12:12 PM  
Blogger Kindred Spirit said...

Our poor country seems to be headed for monetary bankruptcy in addition to the moral bankruptcy which appears imminent. Kyrie eleison.

7:23 PM  

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