Thursday, February 24, 2011

CBO: Stimulus Jobs Saved or Created Cost $228,055 Each

Vote Republican Elephant Conservative Politics 2.25" Fridge Magnet

Can you imagine how many jobs could have been created by putting that much money in the hands of small businesses? Many of the jobs turned out to be temporary anyway.
( — The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).

In a report released Wednesday — “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010” — the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO’s original estimate that the stimulus would cost $787 billion.

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