Wednesday, July 06, 2011

Remember the stimulus? Has there ever been a bigger failure than this stimulus?



We got more bad news about the US economy, and specially Pres BO's stimulus:  Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job---The stimulus is now causing the economy to shed jobs.

Nick Shultz goes into further detail:  How Effective Was The 2009 Stimulus Program?

This is a rather amazing report because it confirms what many of us said about that infamous 2009 plan to stimulate the US economy.

Bottom line:  It did not stimulate anything except our debt!  

I should add that there is no recession in Pres BO's staff:  No recession for Obama's 454 White House aides: They'll make $37,121,463 this year

Don't get me wrong.  I want government people to be well compensated so that we can attract the best and the brightest.

However, this is a bit too much specially with so much unemployment and underemployment in the country.

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