LWW
05-16-2011, 04:01 PM
Obama and the democrook congress spent $800,000,000,000.00, and the net result was:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Our benchmark results suggest that the <span style='font-size: 11pt'>ARRA created/saved approximately 450 thousand state and local government jobs</span> and <span style='font-size: 14pt'>destroyed/forestalled roughly one million private sector jobs.</span>
State and local government jobs were saved because ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services.</div></div>
In what can come as a surprise to nobody who has actually studied the issue, this was a bailout to state employee unions at the expense of the greater population ... and a detriment to the greater economy at large.
OH DEAR! (http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf)
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Our benchmark results suggest that the <span style='font-size: 11pt'>ARRA created/saved approximately 450 thousand state and local government jobs</span> and <span style='font-size: 14pt'>destroyed/forestalled roughly one million private sector jobs.</span>
State and local government jobs were saved because ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services.</div></div>
In what can come as a surprise to nobody who has actually studied the issue, this was a bailout to state employee unions at the expense of the greater population ... and a detriment to the greater economy at large.
OH DEAR! (http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf)