- Nov 14, 2011
- 121,460
- 67,796
- 2,635
Nice strawman. I'm almost impressed. But the stimulus wasn't just about saving/creating jobs. So applying 100% of the full cost of it to jobs is somewhat misleading."Everyone except flacks for the White House knows that the 2009 stimulus package failed miserably to produce the promised results," Lindsey wrote. "But even if you buy the White House's argument that the $800 billion package created 3 million jobs, that works out to $266,000 per job. Taxing or borrowing $266,000 from the private sector to create a single job is simply not a cost effective way of putting America back to work. The long-term debt burden of that $266,000 swamps any benefit that the single job created might provide."
Obama s Stimulus A Documented Failure CNS News
So because the stimulus didn't provide all that was promised, the economy would have been better off without it? That is completely false, and it is so absurd that only a former economic advisor for George W. Bush, essentially one of the people responsible for the Great Recession, could say it with a straight face. Lindsey's old boss W, by the way, was not against increasing spending to counter the effects of economic downturn. He himself increased the deficit by several times in his final fiscal budget.
Kind of makes Lindsey's comments now seem pretty hypocritical.
Sorry, but you'll have a hard time arguing with $266,000 per job (or do you want to take a shot at it ?).
Would you have liked a check for that amount ?
The stimulus was costly with no results.
Nobody can argue the other path would have been worse because we have no way of knowing. Pure and simple.
I would have liked to see GM fail and the economy contract further.
ARRA: An act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, State, and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.