Saturday, October 31, 2009

One Million Tax Dollars Per Job

Roanoke Times, 10-29-09, Pg 16: Number of jobs saved by federal contracts overstated.
The White House says it is working to fix errors in the report on stimulus-funded jobs.
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Roanoke Times, 10-31-09, Pg 12: Report credits 650,000 jobs to stimulus.
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What ever happened to the Jan 09 Obama 3-Million jobs promise?
http://www.politico.com/news/stories/1208/16774.html
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$767 BILLION (that’s 767 times ten to the ninth power) tax dollars resulting in what? Clearly no one can account for 650K jobs added when we have lost millions of jobs and are at 10+% unemployed!
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And IF these numbers were valid, this would represent $1,000,000 of tax money spent to get each job! Why would the White House want to brag about that?
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Not to be left out, Va Gov Kaine (also the national Democrat party chairman) reports that Va got 5,900 jobs for over $5 BILLION taxpayers money.
That’s also $1,000,000 of tax money spent for each job! Nice job Timmy!
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Obama, his White House team and his associates in the liberal media are avoiding at all costs the publication of the 16.8% unemployment U-6 number!
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“But another more comprehensive gauge of unemployment ticked up even more. The government’s broader measure, known as the “U-6″ for its data classification, hit 16.8% in August, 0.5 percentage points higher than July. The comprehensive measure of labor under utilization accounts for people who have stopped looking for work or who can’t find full-time jobs.”
http://blogs.wsj.com/economics/2009/09/04/broader-unemployment-rate-hits-168-in-august/
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Yet another Obama economic achievement is the new clunker news:
USA Today published that the cash for clunkers program costs taxpayers $24,000 per car!
http://content.usatoday.com/communities/driveon/post/2009/10/620000657/1
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Prior clunkers item:
http://roanokeslant.blogspot.com/2009/08/uaw-for-clunkers-program.html
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At what point are the major news media going to start reporting the real news about Obama, his administration, the truth about his programs and the dismal track-record to date? Ever Pravda was more honest than today’s major US media!
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Prior Items:
http://roanokeslant.blogspot.com/2009/06/obama-abc-and-new-pravda.html
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http://roanokeslant.blogspot.com/2009/10/kaine-and-vdot-not-shovel-ready.html
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http://roanokeslant.blogspot.com/2009/06/economic-reflections-revisionism.html
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