Question: at what point does major media lose all of its credibility?CNS News reports on the cost of each job "created and saved" by the stimulus act:
The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).
In a report released Wednesday-"Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010"-the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO's original estimate that the stimulus would cost $787 billion.
Moreover that is the minimum cost per job "created or saved" that the CBO estimates the stimulus act was worth. Using other estimates regarding the number of jobs created from the massive expenditures made under the stimulus act, the jobs would each cost $586,428.
If a Republican President had engaged in this mind-boggling boondoggle the lamestream media would have lambasted the Republican Party for its wasteful use of taxpayer (and debt-financed) money. There would have been talk of how our childrens' futures have been put in hock by this misnamed and misguided "stimulus".
But instead we have...silence.
Share