Stimulus Birthday: The numbers are eye opening

Happy Birthday, “Stimulus”!? One Year By the Numbers
From Sandra Fabry
Americans for Tax Reform,

$787 billion— size of the “stimulus” package as signed into law on February 17, 2009

$862 billion
— size of the “stimulus” package per CBO’s updated January review

$288 billion — claimed total tax cut amount in “stimulus” package

$214.6 billion — actual total tax cut amount in “stimulus” package (some of the tax cuts were in fact spending)

3.6 million — jobs “stimulus” package was supposed to create per the Administration’s estimations

3.3 million — number of jobs lost since signing of “stimulus” package

67,000 — number of federal civilian employees added since “stimulus” package was signed

$270.7 billion — cost to taxpayers* for these new government employees

7.6 percent unemployment — rate at signing of “stimulus” package

8 percent — rate under which unemployment was supposed to be held with “stimulus” package in place

10.2 percent — highest unemployment rate since signing of “stimulus” package

9.7 percent — current unemployment rate

440 — number of non-existing Congressional districts in which the “stimulus” package was supposed to have “saved and created” jobs according to Recovery.gov

$224,525.22 — cost per job “saved or created” in 440 phantom districts

94,341 (and counting) — number of jobs clearly not saved/created by “stimulus” package

6 percent — number of Americans who think the “stimulus” package has actually created jobs

$17 billion — Cost added to “stimulus” package due to Davis-Bacon prevailing wage requirements

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  • Ron

    One can only hope the Dems are swept from office in November, the healthcare and cap and trade initiatives die on the vine, and that Obama is a one term president.

    I’m not all that confident in the Republicans but anything is better than where the Dems are taking the country now.

  • Jim

    Now they are saying that the dems will move ahead with the 51 vote form of “health care”.
    That would seal the deal.

    • Rupert in Springfield

      They just might do that. They are determined to ram this thing down peoples throats. With attitudes like that in the Democratic party its no wonder these guys are on the outs.

    • Ron

      Jim,
      Even the reconciliation path is not a done deal. Many House Dems up for reelection don’t like their prospects if they go along. But if Pelosi can pull it off, the Senate will likely have the 51 votes needed.

  • Rupert in Springfield

    Hmm, so lets see, and since the Democrats are in such trouble, lets give them every benefit of the doubt ok?

    Last I heard, someone was crowing about all the great jobs created by the stimulus, something between 600k and 1.6M jobs. Lets call it good at 1M jobs ok?

    Lets also be nice and remove the tax cut portion of the stimulus. $862B – $288B equals $574B. Wow that’s a lot of money.

    Ok, Lets divide the remainder by the number of jobs. $574B divided by 1M jobs equals $574,000 per job

    WOW that’s a lot of money per job.

    Ok, Ok, Ill be really really fair. Now 75% of the stimulus money hasn’t been spent yet. Remember BO held back the stimulus money against the advice of ever economist out there so that he would have a nice slush fund for the Dems reelection in 2010.

    Ok, so lets divide the $574,000 per job by four and that should give us the cost per job is only 25% of the money has been spent.

    Wow that’s $143,000 per job

    That’s a lot of money.

    I guess all these jobs are full time rocket scientists.

    • valley p

      “$214.6 billion — actual total tax cut amount in “stimulus” package”

      Wow. Americans for Tax Reform finally admits Obama cut taxes as his first act? I am going to plotz!

      “440 — number of non-existing Congressional districts in which the “stimulus” package was supposed to have “saved and created” jobs according to Recovery.gov”

      Correction. Number of clerical errors in reporting. No one ever claimed these districts existed.

      “6 percent — number of Americans who think the “stimulus” package has actually created jobs”

      94%—number of Americans who are wrong. Economic analysis by the CBO and several non-partisan economic modelers puts the number of jobs created in the neighborhood of 2 million.

      “Last I heard, someone was crowing about all the great jobs created by the stimulus, something between 600k and 1.6M jobs. Lets call it good at 1M jobs ok?”

      No, not ok. The estimate is closer to 2 million according to the CBO, and that is backed up by several non partisan estimates.

      “Wow that’s $143,000 per job”

      Other than your math being wrong due to your underestimate of jobs created, much of the stimulus was tax cuts, put there to please Republicans who ended up not voting for it anyway. Those tax cuts probably created very few jobs, which is the case with all tax cuts. See Bush Administration for good example. You want efficiency, directly hire people in government jobs. But then you would kevetch about that. Can’t have it both ways.

      “They just might do that. They are determined to ram this thing down peoples throats. With attitudes like that in the Democratic party its no wonder these guys are on the outs.”

      On the outs? Do I have to remind you of the numbers again Rupert? They may or may not be on the way outs, but the only outs are the ones fillibustering everything in sight except pork for their home states.See Shelby, Richard.

      • Rupert in Springfield

        >Economic analysis by the CBO and several non-partisan economic modelers puts the number of jobs created in the neighborhood of 2 million.

        Wrong, CBO estimated 0.6 to 1.6M. I don’t know if that’s what they actually estimated, I am just going off the figure you quoted a couple of days ago. If you are now changing that figure, that’s a whole mess o jobs in just a couple of days.

        >No, not ok. The estimate is closer to 2 million according to the CBO, and that is backed up by several non partisan estimates.

        just taking your own number. If you are now calling yourself a liar that’s fine with me.

        >Other than your math being wrong due to your underestimate of jobs created,

        I used your number, that you quoted, from the CBO. Sorry hard to keep up when you change your figures day by day.

        >much of the stimulus was tax cuts, put there to please Republicans who ended up not voting for it anyway.

        Yep, and I deducted for those.

        Here is the quote:

        “Lets also be nice and remove the tax cut portion of the stimulus. $862B – $288B equals $574B. Wow that’s a lot of money.”

        When you change your CBO numbers on a daily basis, and then don’t even read what you are responding to while at the same time saying someone can’t do math you kind of look silly.

        >On the outs?

        Yep, I know you don’t follow the news, but BO hasn’t exactly been a charm when its come to campaigning in several high profile elections. Did you miss MA?

        >Do I have to remind you of the numbers again Rupert?

        You have numbers showing Democrats have won some of the notable recent elections? Let’s have them.

        By my reckoning, Dems have lost elections since 2008, but then again, with how you change the CBO number you quote on a daily basis your reality obviously varies.

        You show me how the Democrats have been winning since 2008 and Ill admit I was wrong.

        >They may or may not be on the way outs, but the only outs are the ones filibustering everything in sight except pork

        Excuse me?

        News flash, the Democrats had a filibuster proof majority for a solid year and couldn’t get their crown jewel out.

        In MA, we now have a Senator whose sole campaign was he would would provide enough Republicans to sustain a filibuster and he won.

        In MA

        Ted Kennedy’s seat.

        Are you unaware of this? Where have you been? We just had a guy win an election in a liberal state who promised to sustain a filibuster, on what basis are you saying that is on the way out?

        Get real, you were wrong about the 40 year Reich of Democrat rule you were crowing about after BO won.

        Oh, that’s right, you can never admit you are wrong.

        Dream on brother, dream on.

        At this stage the only one who believes your bs are you and your German sheperd Goldie, hunkered down in the bunker.

        • valley p

          Ok Rupert, now I’ve got you dead to rights. I’m looking forward to seeing how you weasel out of this.

          Here is the above exchange verbatim:

          I wrote: “Economic analysis by the CBO and several non-partisan economic modelers puts the number of jobs created in the neighborhood of 2 million.

          You responded: Wrong, *CBO estimated 0.6 to 1.6M* . I don’t know if that’s what they actually estimated, *I am just going off the figure you quoted a couple of days ago* . If you are now changing that figure, that’s a whole mess o jobs in just a couple of days.

          And here is what I wrote a couple of days ago, still available right here on Catalyst:

          “Sure. IHS Global Insight, Moody’s, and Macroeconomic Advisors (all politically neutral entities) estimate the stimulus is responsible for *1.6-1.8 million jobs to date* , and expect the net to be 2.5 million by the time all the money is spent. *The CBO, also politically neutral, says this estimate is overly conservative, and the numbers are higher* .

          So in your mind, after a mere 2 days, you misremenbered 1.6 million (the low end) as 0.6 million (nowhere in sight). You managed to forget the range of estimates, that these were independent estimates, and that the CBO says they are too low.

          Also there you have it. Proof positive your memory of what I write is worth spit. You can’t even remember anything from 2 days ago, and you are too freaking lazy to go back and look it up! Meaning in the future, every time you attribute something you think I wrote months or years ago, you are full of it. Case closed your honor once and for all. No need to take Rupert’s memory into account. Early onset Alzheimers perhaps.

          “just taking your own number. If you are now calling yourself a liar that’s fine with me.”

          No Rupert. I’m not calling myself anything. It is you that is either a moron or a liar. A moron if you think you can keep on making up what I said and not get caught. A liar if you did so deliberately instead of out of general bufoonery.

          “I know you don’t follow the news, but BO hasn’t exactly been a charm when its come to campaigning in several high profile elections. Did you miss MA?”

          No, I caught that. The Senate went from 60-40 to 59-41. This is a math test. Which party is (still) on the outs?

          “You have numbers showing Democrats have won some of the notable recent elections?”

          You are joking right? 2006 and 2008 are still recent enough that Democrats have substantial majorities all around. You really need numbers?

          “Excuse me? News flash, the Democrats had a filibuster proof majority for a solid year”

          Another test Rupert, this one in 2 parts. How long is a year? And when did Arlen Specter switch parties?

          “In MA, we now have a Senator whose sole campaign was he would would provide enough Republicans to sustain a filibuster and he won.”

          Really? That was the sum total of his campaign? Are you sure about that?

          “Oh, that’s right, you can never admit you are wrong.”

          OK Rupert. You were wrong 6 times in your latest post, as follows:

          1: you completely botched the numbers I provided on stimulus jobs
          2: you accused me of changing and/or lying about the numbers (I didn’t)
          3: You seem to think Arlen Specter was a Democrat well before he actually was (or you think 8 and 1/2 months equals a year….whatever)
          4: You disrespected Scott (regular guy) Brown’s pickup truck and his entire platform
          5: you claim I don’t follow the news
          6: you seem to think 41-59 is a majority, or if not, then one victory equals future victories.

          Six times wrong. Dream on brother. Take the rest of the weekend off.

          • valley p

            I see you ran and hid Rupert. I don’t blame you.

  • Peter

    No government has ever spent its way out of a recession.
    None.
    Ever.
    So why quibble with the details?

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