Post the complete article if want anyone to read it.Most of the stimulus to the states and local government was used to pay worker salaries. Without the stimulus there would have been massive layoffs of both both government employees and contractors. Borrowing money to pay workers is not an option in most states.Column in the WSJ today by two prominent economists examined the Keynesian idea of gov't spending filling the gap in private demand in regards to the stimulus. What they found was government grants to states and localities merely substituted for local borrowing. IOW, there was no stimulus achieved at all. Aggregate demand was the same as before. The Obama stimulus was, again, proof that Keynesianism is simply wrong.
John F. Cogan and John B. Taylor: The Obama Stimulus Impact? Zero - WSJ.com
The stimulus saved jobs and created jobs, but it was not large enough to overcome the number jobs being lost. The stimulus would have had to be in the order of 1.5 trillion to have the impact that the Democrats projected. Congress would not have approved a stimulus of this size.
Go read the article, dumbass.
And how many jobs were lost because of anticipated higher taxes and debt to pay for the "stimulus"?
RECOVERY FUNDED JOBS REPORTED BY RECIPIENTS
July 1 - September 30, 2010
675,841
Recovery.gov - Tracking the Money